Last $41.94 USD
Change Today +0.16 / 0.38%
Volume 237.8K
PACW On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

pacwest bancorp (PACW) Snapshot

Open
$41.97
Previous Close
$41.78
Day High
$42.02
Day Low
$41.59
52 Week High
04/4/14 - $47.37
52 Week Low
09/6/13 - $32.79
Market Cap
4.3B
Average Volume 10 Days
373.5K
EPS TTM
$2.05
Shares Outstanding
101.9M
EX-Date
08/14/14
P/E TM
20.5x
Dividend
$1.00
Dividend Yield
2.38%
Current Stock Chart for PACWEST BANCORP (PACW)

pacwest bancorp (PACW) Related Businessweek News

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pacwest bancorp (PACW) Details

PacWest Bancorp operates as the holding company for Pacific Western Bank that provides commercial banking products and services to individuals, professionals, and small to mid-sized businesses in the United States. It accepts demand, money market, and time deposits. The company’s real estate loans include construction loans, miniperm loans, and equity lines of credits; commercial loans comprise lines of credit and commercial term loans; SBA loans; and consumer loans, such as personal loans, auto loans, boat loans, home improvement loans, revolving lines of credit, and other loans. It also provides technology, manufacturing, software, transportation, and mining equipment leasing services; international banking, multi-state deposit, and investment services; telephone customer and online banking services; foreign exchange services; and remote deposit capture services, as well as issues ATM and debit cards. As of April 8, 2014, PacWest Bancorp had 81 full-service branches. 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 based in Los Angeles, California.

1,450 Employees
Last Reported Date: 08/11/14
Founded in 1999

pacwest bancorp (PACW) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.0M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $606.3K
Executive Vice President and President of Pac...
Total Annual Compensation: $543.8K
Compensation as of Fiscal Year 2013.

pacwest bancorp (PACW) Key Developments

PacWest Bancorp Declares Quarterly Cash Dividend, Payable on August 26, 2014

PacWest Bancorp announced that its Board of Directors has declared quarterly cash dividend of $0.25 per common share. The cash dividend is payable on August 26, 2014 to stockholders of record at the close of business on August 18, 2014.

Pacwest Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Tax Guidance for the Year 2014

PacWest Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company has posted net interest income was $192,533,000 against $68,473,000 a year ago. Net earnings from continuing operations was $11,230,000 or $0.11 diluted per share against $4,396,000 or $0.11 diluted per share a year ago. Net earnings was $10,555,000 against $4,349 million a year ago. Book value per share was $33.37 against $17.66 a year ago. Annualized return on average assets was 0.28% against 0.19% a year ago. Annualized return on average equity was 1.31% against 1.51% a year ago. Adjusted net earnings were $63,814,000 against $18,901,000 a year ago. Adjusted pre-tax earnings were $104,613,000 against $29,078,000 a year ago. Adjusted diluted earnings per share was $0.64 against $0.48 a year ago. For the six-month period ended June 30, 2014, the company has posted net interest income was $278,548,000 against $134,166,000 a year ago. Net earnings from continuing operations was $37,135,000 against $17,890,000 a year ago. Net earnings was $35,635,000 or $0.51 diluted per share against $17,843 million or $0.47 diluted per share a year ago. Book value per share was $17.71 against $17.40 a year ago. Annualized return on average assets was 1.44% against 0.30% a year ago. Annualized return on average equity was 12.02% against 2.62% a year ago. Adjusted net earnings were $86,384,000 against $33,797,000 a year ago. Adjusted pre-tax earnings were $141,613,000 against $51,996,000 a year ago. Adjusted diluted earnings per share was $1.18 against $0.90 a year ago. Full-year expected effective rate of 39% used in 2014 periods and actual effective rate of 35% used in 2013 periods.

PacWest Bancorp(NasdaqGS:PACW) added to Russell 1000 Index

PacWest Bancorp will be added to the Russell 1000 Index.

 

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Industry Analysis

PACW

Industry Average

Valuation PACW Industry Range
Price/Earnings 38.2x
Price/Sales 9.1x
Price/Book 1.2x
Price/Cash Flow 68.7x
TEV/Sales 7.8x
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