PacWest Bancorp (PACW) : Castle Creek Capital Partners Iv Lp has sold out all of its stake in PacWest Bancorp during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 1,537,260 shares of PacWest Bancorp which is valued at $77,201,197.
Other Hedge Funds, Including , Cadence Capital Management reduced its stake in PACW by selling 276 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 17,405 shares of PACW which is valued at $833,874. PacWest Bancorp makes up approx 0.06% of Cadence Capital Management’s portfolio.Sg Americas Securities reduced its stake in PACW by selling 16,720 shares or 59.49% in the most recent quarter. The Hedge Fund company now holds 11,384 shares of PACW which is valued at $493,496. PacWest Bancorp makes up approx 0.01% of Sg Americas Securities’s portfolio. Breton Hill Capital Ltd. sold out all of its stake in PACW during the most recent quarter. The investment firm sold 20,886 shares of PACW which is valued $862,801.
PacWest Bancorp closed down -0.25 points or -0.49% at $50.32 with 12,48,502 shares getting traded on Monday. Post opening the session at $50.68, the shares hit an intraday low of $50.29 and an intraday high of $50.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, PacWest Bancorp reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.71.Analysts expectations of $ 270.82.During the same quarter in the previous year, the company posted $0.63 EPS.
Many Wall Street Analysts have commented on PacWest Bancorp. PacWest Bancorp was Downgraded by Wells Fargo to ” Market Perform” on Oct 4, 2016. PacWest Bancorp was Initiated by JMP Securities to “Mkt Outperform” on Sep 16, 2016.
PacWest Bancorp is a bank holding company. The Companys business is to serve as the holding bank for its subsidiary Pacific Western Bank (Pacific Western or the Bank). It is a commercial bank that offers banking products and services including accepting demand money market and time deposits and originating loans and leases including an array of commercial real estate loans and commercial lending products. It operates in two segments: Community Banking which includes the operations of Pacific Western Bank excluding the CapitalSource Division and National Lending which includes the lending operations gained through the CapitalSource Inc. merger Pacific Western Equipment Finance and the CapitalSource Business Finance Group. The Bank offers products and services through its CapitalSource and Square 1 Bank divisions. The Square 1 Bank Division offers financial services focused on entrepreneurial businesses and their venture capital and private equity investors.