Context Bh Capital Management Lp buys $4,929,334 stake in PacWest Bancorp (PACW)

PacWest Bancorp (PACW) : Context Bh Capital Management Lp scooped up 32,513 additional shares in PacWest Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 120,257 shares of PacWest Bancorp which is valued at $4,929,334.PacWest Bancorp makes up approximately 3.48% of Context Bh Capital Management Lp’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc reduced its stake in PACW by selling 40 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 5,587 shares of PACW which is valued at $229,011. PacWest Bancorp makes up approx 0.01% of World Asset Management Inc’s portfolio. Bbva Compass Bancshares Inc added PACW to its portfolio by purchasing 5,158 company shares during the most recent quarter which is valued at $213,283. PacWest Bancorp makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.Retirement Systems Of Alabama boosted its stake in PACW in the latest quarter, The investment management firm added 109 additional shares and now holds a total of 147,651 shares of PacWest Bancorp which is valued at $6,121,610. PacWest Bancorp makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.Checchi Capital Advisers boosted its stake in PACW in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 1,554 shares of PacWest Bancorp which is valued at $63,932. PacWest Bancorp makes up approx 0.02% of Checchi Capital Advisers’s portfolio.Nisa Investment Advisors boosted its stake in PACW in the latest quarter, The investment management firm added 11,900 additional shares and now holds a total of 53,100 shares of PacWest Bancorp which is valued at $2,141,523. PacWest Bancorp makes up approx 0.03% of Nisa Investment Advisors’s portfolio.

PacWest Bancorp closed down -0.06 points or -0.14% at $42.51 with 5,70,586 shares getting traded on Monday. Post opening the session at $42.76, the shares hit an intraday low of $42.17 and an intraday high of $42.88 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 $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 15, 2016. Analyst had a consensus of $0.70.Analysts expectations of $ 266.01.During the same quarter in the previous year, the company posted $0.70 EPS.

Investors should note that on Aug 1, 2016, PacWest Bancorp announced a cash dividend of $0.5000. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Aug 31, 2016.

Many Wall Street Analysts have commented on PacWest Bancorp. Shares were Reiterated by FBR Capital on Jul 18, 2016 to “Outperform” and Lowered the Price Target to $ 46 from a previous price target of $48 .

PacWest Bancorp is a bank holding company. The Company’s 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.

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