Kennedy Capital Management buys $43,829,053 stake in PacWest Bancorp (PACW)

PacWest Bancorp (PACW) : Kennedy Capital Management scooped up 3,828 additional shares in PacWest Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 872,741 shares of PacWest Bancorp which is valued at $43,829,053.PacWest Bancorp makes up approximately 0.81% of Kennedy Capital Management’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management added PACW to its portfolio by purchasing 3,804 company shares during the most recent quarter which is valued at $191,037. PacWest Bancorp makes up approx 0.01% of Bluemountain Capital Management’s portfolio.Geode Capital Management boosted its stake in PACW in the latest quarter, The investment management firm added 34,590 additional shares and now holds a total of 834,416 shares of PacWest Bancorp which is valued at $39,976,871. PacWest Bancorp makes up approx 0.02% of Geode Capital Management’s portfolio. Chase Investment Counsel Corp added PACW to its portfolio by purchasing 7,383 company shares during the most recent quarter which is valued at $320,053. PacWest Bancorp makes up approx 0.15% of Chase Investment Counsel Corp’s portfolio.Blackrock Fund Advisors boosted its stake in PACW in the latest quarter, The investment management firm added 521,120 additional shares and now holds a total of 9,404,895 shares of PacWest Bancorp which is valued at $407,702,198. PacWest Bancorp makes up approx 0.09% of Blackrock Fund Advisors’s portfolio. Wade G W Inc added PACW to its portfolio by purchasing 4,823 company shares during the most recent quarter which is valued at $200,396. PacWest Bancorp makes up approx 0.04% of Wade G W Inc’s portfolio.

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 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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