PacWest Bancorp (NASDAQ:PACW) had declared a cash dividend of $0.5000 on Aug 1, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed for Aug 15, 2016. On Aug 1, 2016 share price, the yield comes out to be 4.8368%. The dividend payable date has been fixed on Aug 31, 2016.
In a different note, On Jul 18, 2016, DA Davidson said it Downgrades its rating on PacWest Bancorp. The shares have been rated ‘Neutral’ by the firm.
PacWest Bancorp (PACW) shares turned negative on Mondays trading session with the shares closing down -0.06 points or -0.14% at a volume of 5,70,586. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.88. The peak price level was also seen at $42.88 while the days lowest was $42.17. Finally the shares closed at $42.51. The 52-week high of the shares is $47.9999 while the 52-week low is $29.05. According to the latest information available, the market cap of the company is $5,110 M.
PacWest Bancorp(PACW) last announced its earnings results on Jul 15, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $255.88M. Analysts had an estimated revenue of $264.92M. Earnings per share were $0.68. Analysts had estimated an EPS of $0.69.
Several Insider Transactions has been reported to the SEC. On Jul 25, 2016, Kori Ogrosky (EVP, Gen. Counsel, Corp. Secty) sold 2,000 shares at $41.06 per share price.Also, On Apr 21, 2016, Suzanne R Brennan (EVP, Risk Management) sold 20,000 shares at $40.01 per share price.On Mar 10, 2016, Matthew P Wagner (CEO) purchased 7,500 shares at $34.60 per share price, according to the Form-4 filing with the securities and exchange commission.
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.