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PacWest Bancorp (PACW)

Stock Price: $24.78 USD -0.87 (-3.39%)
Updated November 27, 1:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 2.89B
Revenue (ttm) 803.36M
Net Income (ttm) -1.24B
Shares Out 116.78M
EPS (ttm) -10.58
PE Ratio n/a
Forward PE 8.44
Dividend $1.00
Dividend Yield 4.04%

Stock Quote

Trading Day November 27
Last Price $24.78
Previous Close $25.65
Change ($) -0.87
Change (%) -3.39%
Day's Open 25.25
Day's Range 24.49 - 25.38
Day's Volume 360,731
52-Week Range 13.84 - 39.39

More Stats

Market Cap 2.89B
Enterprise Value 463.97M
Earnings Date (est) Jan 21, 2021
Ex-Dividend Date Nov 27, 2020
Shares Outstanding 116.78M
Float 114.56M
EPS (basic) -10.59
EPS (diluted) -10.58
FCF / Share 3.81
Dividend $1.00
Dividend Yield 4.04%
Earnings Yield n/a
FCF Yield 15.37%
Payout Ratio n/a
Shares Short 2.36M
Short Ratio 1.90
Short % of Float 2.06%
Beta 1.62
PE Ratio n/a
Forward PE 8.44
P/FCF Ratio 6.51
PS Ratio 3.60
PB Ratio 0.83
Revenue 803.36M
Operating Income -1.17B
Net Income -1.24B
Free Cash Flow 444.74M
Net Cash 2.43B
Net Cash / Share 20.81
Gross Margin 141.31%
Operating Margin -145.48%
Profit Margin -153.90%
FCF Margin 55.36%
ROA -4.48%
ROE -29.42%
ROIC -4.60%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (9)

Buy 3
Overweight 0
Hold 6
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$23.88*
(-3.63% downside)
Low
20.0
Current: $24.78
High
30.0
Target: 23.88
*Average 12-month price target from 8 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,1351,1451,0501,00886269330630526780.07
Revenue Growth-0.82%8.96%4.2%16.92%24.4%126.37%0.33%14.08%234.07%-
Gross Profit1,1351,1451,0501,00886269330630526780.07
Operating Income63363355555848028778.0011687.50-106
Net Income46946535835230016945.1256.8050.70-62.02
Shares Outstanding11812212912012010244.3235.7035.5035.35
Earnings Per Share3.903.722.912.902.791.921.081.541.37-1.77
EPS Growth4.84%27.84%0.34%3.94%45.31%77.78%-29.87%12.41%--
Dividend Per Share2.402.302.002.002.001.251.000.790.210.04
Dividend Growth4.35%15%0%0%60%25%26.58%276.19%425%-
Operating Cash Flow58360848458159433250.25118170234
Capital Expenditures-70.03-40.94-71.21-59.72-74.0931.58-3.57-4.21-5.91-5.24
Free Cash Flow51356741352152036446.68114164229
Cash & Equivalents638386398420396313147164296109
Total Debt2,2171,8259301,3471,058817246121354355
Net Cash / Debt-1,580-1,439-531-927-661-504-98.9543.56-58.65-246
Assets26,77125,73124,99521,87021,28816,2356,5335,4645,5285,529
Liabilities21,81620,90620,01717,39116,89112,7285,7244,8754,9825,050
Book Value4,9554,8264,9784,4794,3983,506809589546479
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name PacWest Bancorp
Country United States
Employees 1,835
CEO Matthew P. Wagner

Stock Information

Ticker Symbol PACW
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: PACW
IPO Date June 2, 2000

Description

PacWest Bancorp operates as the holding company for Pacific Western Bank that provides commercial banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, renovation, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the operations of entrepreneurial companies; and equipment-secured loans and leases. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management services; treasury and cash management services; telephone banking, remote deposit, and online and mobile banking services; and ATM services. The company offers its products and services to small and mid-sized companies, venture-backed businesses, venture capital and private equity investors, professionals, and other individuals. As of October 14, 2020, it had 72 full-service branches located in the state of California, one branch in Durham, North Carolina, and one branch in Denver, Colorado; and loan production offices. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.