Fsi Group Lowers stake in PacWest Bancorp (PACW)

PacWest Bancorp (PACW) : Fsi Group reduced its stake in PacWest Bancorp by 21.56% during the most recent quarter end. The investment management company now holds a total of 82,517 shares of PacWest Bancorp which is valued at $3,388,973 after selling 22,686 shares in PacWest Bancorp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.PacWest Bancorp makes up approximately 1.98% of Fsi Group’s portfolio.

Other Hedge Funds, Including , Alliancebernstein boosted its stake in PACW in the latest quarter, The investment management firm added 1,180 additional shares and now holds a total of 77,599 shares of PacWest Bancorp which is valued at $3,186,991.Finemark National Bank Trust reduced its stake in PACW by selling 39 shares or 3.14% in the most recent quarter. The Hedge Fund company now holds 1,205 shares of PACW which is valued at $49,562. PacWest Bancorp makes up approx 0.01% of Finemark National Bank Trust’s portfolio.Ngam Advisors reduced its stake in PACW by selling 21,393 shares or 17.0% in the most recent quarter. The Hedge Fund company now holds 104,434 shares of PACW which is valued at $4,280,750. PacWest Bancorp makes up approx 0.06% of Ngam Advisors’s portfolio.Emerald Advisers Incpa reduced its stake in PACW by selling 439 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 46,390 shares of PACW which is valued at $1,918,227. PacWest Bancorp makes up approx 0.09% of Emerald Advisers Incpa’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 opened for trading at $42.24 and hit $42.47 on the upside on Tuesday, eventually ending the session at $42.09, with a gain of 0.21% or 0.09 points. The heightened volatility saw the trading volume jump to 7,50,314 shares. Company has a market cap of $5,068 M.

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.

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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