PACW - PacWest Bancorp Stock Price, Fair Value and News

7.54USD Market Closed

Market Summary

USD7.54

Market Closed

PACW Stock Price

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PACW RSI Chart

PACW Valuation

Market Cap

894.1M

Price/Earnings (Trailing)

-0.65

Price/Sales (Trailing)

0.45

EV/EBITDA

-2.19

Price/Free Cashflow

2.98

PACW Price/Sales (Trailing)

PACW Profitability

EBT Margin

-75.08%

Return on Equity

-56.96%

Return on Assets

-3.71%

Free Cashflow Yield

33.59%

PACW Fundamentals

PACW Revenue

Revenue (TTM)

2.0B

Rev. Growth (Yr)

8.79%

Rev. Growth (Qtr)

-17.37%

PACW Earnings

Earnings (TTM)

-1.4B

Earnings Growth (Yr)

-117.74%

Earnings Growth (Qtr)

88.18%

Breaking Down PACW Revenue

Last 7 days

-8.7%

Last 30 days

6.5%

Last 90 days

-8.5%

Trailing 12 Months

-70.8%

How does PACW drawdown profile look like?

PACW Financial Health

Debt/Equity

2.62

Debt/Cashflow

0.05

PACW Investor Care

Dividend Yield

6.9%

Dividend/Share (TTM)

0.52

Shares Dilution (1Y)

0.66%

Diluted EPS (TTM)

-11.93

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	1.8B	1.9B	2.0B	0
2022	1.2B	1.3B	1.4B	1.6B
2021	1.1B	1.1B	1.1B	1.2B
2020	1.2B	1.2B	1.1B	1.1B
2019	1.2B	1.2B	1.2B	1.2B
2018	1.1B	1.1B	1.1B	1.2B
2017	1.0B	1.0B	1.0B	1.1B
2016	928.9M	957.5M	997.6M	1.0B
2015	830.7M	844.8M	850.1M	883.9M
2014	329.0M	461.7M	578.9M	704.8M
2013	291.0M	289.7M	299.8M	309.9M
2012	295.0M	290.7M	293.3M	296.1M
2011	295.9M	304.9M	302.3M	295.3M
2010	0	276.7M	283.5M	290.3M
2009	0	0	0	269.9M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of PacWest Bancorp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Nov 30, 2023	wagner matthew p	back to issuer	-	-	-33,885	executive chairman
Nov 30, 2023	jessen polly b	back to issuer	-	-	-18,535	-
Nov 30, 2023	black william j	back to issuer	-	-	-13,000	evp, strategy & corp. dev.
Nov 30, 2023	carlson craig a	back to issuer	-	-	-3,000	-
Nov 30, 2023	cordes rebecca h	back to issuer	-	-	-10,000	evp, human resources
Nov 30, 2023	eggemeyer john m iii	back to issuer	-	-	-28,500	-
Nov 30, 2023	wagner matthew p	back to issuer	-	-	-52,925	executive chairman
Nov 30, 2023	hosler c william	back to issuer	-	-	-81,721	-
Nov 30, 2023	blake christopher d	back to issuer	-	-	-222	pres. & ceo, community banking
Nov 30, 2023	taylor paul w	back to issuer	-	-	-3,000	president & ceo

Which funds bought or sold PACW recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Mar 22, 2024	PNC Financial Services Group, Inc.	sold off	-100	-59,848	-	-%
Mar 21, 2024	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	sold off	-100	-3,955,000	-	-%
Mar 11, 2024	VANGUARD GROUP INC	sold off	-100	-110,994,000	-	-%
Mar 06, 2024	SageView Advisory Group, LLC	sold off	-100	-379,507	-	-%
Mar 04, 2024	TUCKER ASSET MANAGEMENT LLC	sold off	-100	-997	-	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	sold off	-100	-48,343,500	-	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	sold off	-100	-511,397	-	-%
Feb 26, 2024	Virtu Financial LLC	sold off	-100	-222,000	-	-%
Feb 26, 2024	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	sold off	-100	-319,000	-	-%
Feb 23, 2024	Gordian Capital Singapore Pte Ltd	sold off	-100	-7.00	-	-%

Are Funds Buying or Selling PACW?

Are funds buying PACW calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PACW

No. of Funds

Unveiling PacWest Bancorp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	11.54%	13,591,315	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 07, 2023	state street corp	5.10%	6,010,920	SC 13G/A
Jan 23, 2023	blackrock inc.	10.3%	12,107,010	SC 13G/A
Dec 07, 2022	blackrock inc.	10.0%	11,799,412	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G
Feb 03, 2022	blackrock inc.	8.5%	9,909,030	SC 13G/A
Mar 10, 2021	blackrock inc.	10.2%	11,897,314	SC 13G/A
Feb 10, 2021	vanguard group inc	10.24%	11,964,264	SC 13G/A

Recent SEC filings of PacWest Bancorp

View All Filings

Date Filed	Form Type	Document
Feb 09, 2024	SC 13G/A	Major Ownership Report

PacWest Bancorp News

Latest updates

PacWest Bancorp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Revenue	-17.4%	446	540	518	473	410	351	323	315	290	281	273	272	266	274	291	294	307	315	305	303	293
EBITDA Margin	-379.6%	-0.26*	-0.05*	0.26*	1.23*	1.44*	1.54*	1.64*	1.71*	1.70*	1.60*	1.41*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-29.7%	131	186	279	323	335	324	309	300	276	266	261	259	251	254	250	247	252	261	255	262	260
Income Taxes	95.2%	-3.22	-67.03	-64.92	18.00	44.00	41.00	42.00	52.00	48.00	62.00	54.00	37.00	14.00	13.00	12.00	29.00	42.00	50.00	43.00	39.00	41.00
Earnings Before Taxes	90.0%	-26.57	-264	-1,260	67.00	175	163	162	188	188	243	204	153	59.00	46.00	-1,421	147	152	178	156	154	158
EBT Margin	-13.6%	-0.75*	-0.66*	-0.49*	0.36*	0.49*	0.55*	0.65*	0.71*	0.71*	0.60*	0.43*	-	-	-	-	-	-	-	-	-	-
Net Income	88.2%	-23.34	-197	-1,195	50.00	132	122	120	146	120	181	150	117	46.00	33.00	-1,433	118	110	128	113	115	116
Net Income Margin	-10.7%	-0.69*	-0.62*	-0.51*	0.27*	0.37*	0.40*	0.47*	0.52*	0.51*	0.45*	0.32*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-71.6%	30.00	105	-30.23	196	225	134	127	108	151	81.00	145	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-3.8%	36,878	38,337	44,303	41,229	41,405	40,951	39,250	40,443	4,363	34,868	32,857	31,177	29,498	28,427	27,366	26,143	26,771	26,725	26,344	26,324	25,731
Cash Equivalents	-9.4%	6,070	6,698	6,680	2,240	2,461	2,390	2,071	4,057	3,699	5,858	5,695	-	3,161	2,953	1,921	612	638	736	608	557	386
Net PPE	-12.0%	50.00	57.00	60.00	54.00	51.00	51.00	51.00	47.00	47.00	40.00	40.00	1.00	39.00	41.00	42.00	40.00	39.00	38.00	38.00	38.00	35.00
Goodwill	-	-	-	-	1,377	1,406	1,406	1,406	1,406	202	1,204	1,204	125	1,079	1,079	1,079	1,079	2,549	2,549	2,549	2,549	2,549
Liabilities	-3.7%	34,479	35,804	41,532	37,278	37,529	36,972	35,599	36,444	4,125	31,021	29,202	27,553	25,903	24,940	23,913	22,753	21,816	21,805	21,492	21,533	20,906
Long Term Debt	-1.0%	6,295	6,357	11,882	1,764	1,865	1,592	991	-	-	7.00	20.00	50.00	5.00	60.00	60.00	2,295	1,759	1,253	1,913	1,481	1,371
Shareholder's Equity	-5.3%	2,399	2,533	2,771	3,951	3,876	3,978	3,651	4,000	3,651	3,847	3,654	-	3,595	3,486	3,453	3,390	4,955	4,920	4,852	4,791	4,826
Retained Earnings	-421.8%	-25.40	8.00	215	1,421	1,381	1,259	1,136	1,016	880	740	560	-	409	293	247	214	1,652	1,534	1,424	1,296	1,183
Additional Paid-In Capital	0.0%	2,911	2,911	2,903	2,928	2,950	2,971	2,991	3,013	3,035	3,057	3,077	-	3,101	3,126	3,148	3,171	3,306	3,371	3,436	3,536	3,723
Float	-	-	-	-	-	-	3,100	-	-	-	4,800	-	-	-	-	2,200	-	-	-	4,500	-	6,123

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Cashflow From Operations	-68.9%	33.00	105	-20.99	203	228	137	134	111	162	84.00	147	141	69.00	158	116	135	168	128	152	144	157
Share Based Compensation	-97.1%	0.00	9.00	5.00	8.00	10.00	10.00	8.00	8.00	9.00	9.00	6.00	5.00	7.00	6.00	6.00	7.00	7.00	7.00	6.00	7.00	8.00
Cashflow From Investing	-87.6%	713	5,736	133	-22.03	-617	-1,626	-1,304	-37.57	-3,196	-1,689	-791	-823	-44.43	62.00	-875	-166	-234	79.00	-308	-914	-364
Cashflow From Financing	76.4%	-1,374	-5,823	4,327	-401	460	1,808	-816	285	876	1,768	3,179	890	1,008	1,088	734	-66.48	195	-156	328	774	137
Dividend Payments	-25.8%	1.00	1.00	29.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	29.00	30.00	30.00	71.00	72.00	72.00	72.00	73.00	74.00	74.00

PACW Income Statement

2023-09-30

Condensed Consolidated Statements of Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest income:
Loans and leases	$ 310,392	$ 346,550	$ 1,150,049	$ 907,595
Investment securities	45,326	53,135	133,716	159,459
Deposits in financial institutions	90,366	10,359	219,995	16,412
Total interest income	446,084	410,044	1,503,760	1,083,466
Interest expense:
Deposits	205,982	61,288	540,663	82,858
Borrowings	94,234	3,081	324,270	5,683
Subordinated debt	15,139	10,494	42,750	27,102
Total interest expense	315,355	74,863	907,683	115,643
Net interest income	130,729	335,181	596,077	967,823
Provision for credit losses	0	3,000	5,000	14,500
Net interest income after provision for credit losses	130,729	332,181	591,077	953,323
Noninterest income:
Leased equipment income	14,554	12,835	50,798	38,264
Other commissions and fees	7,641	10,034	29,226	32,427
Service charges on deposit accounts	4,018	3,608	11,906	10,813
(Loss) gain on sale of loans and leases	(1,901)	58	(157,820)	130
Gain (loss) on sale of securities	0	86	0	(1,019)
Dividends and gains (losses) on equity investments	3,837	3,228	7,593	(4,050)
Warrant (loss) income	(88)	292	(545)	2,536
LOCOM HFS Adjustment	307	0	(11,636)	0
Other income	15,440	8,478	22,595	14,682
Total noninterest income (loss)	43,808	38,619	(47,883)	93,783
Noninterest expense:
Compensation	71,642	105,933	242,999	300,715
Occupancy	15,293	15,574	45,743	46,042
Lease Equipment Depreciation	8,333	8,908	26,796	27,031
Data processing	11,104	9,568	33,005	28,455
Other professional services	5,597	10,674	21,643	23,354
Federal Deposit Insurance Corporation Premium Expense	38,298	7,159	75,650	18,281
Customer related expense	26,971	12,673	78,278	37,076
Loan expense	4,243	6,228	16,012	18,422
Intangible asset amortization	2,389	3,649	7,189	10,947
Acquisition, integration and reorganization costs	9,925	0	30,833	0
Goodwill impairment	0	0	1,376,736	0
Foreclosed assets income, net	(609)	(248)	(244)	(3,629)
Other expense	7,917	15,500	139,903	39,995
Total noninterest expense	201,103	195,618	2,094,543	546,689
(Loss) earnings before income taxes	(26,566)	175,182	(1,551,349)	500,417
Income tax (benefit) expense	3,222	(43,566)	135,167	(126,313)
Net (loss) earnings	(23,344)	131,616	(1,416,182)	374,104
Preferred Stock Dividends, Income Statement Impact	9,947	9,392	29,841	9,392
Net Income (Loss) Available to Common Stockholders, Diluted	(33,291)	122,224	(1,446,023)	364,712
Net Income (Loss) Available to Common Stockholders, Basic	$ (33,291)	$ 122,224	$ (1,446,023)	$ 364,712
(Loss) earnings per common share:
Basic (usd per share)	$ (0.28)	$ 1.02	$ (12.23)	$ 3.04
Diluted (usd per share)	$ (0.28)	$ 1.02	$ (12.23)	$ 3.04

PACW Balance Sheet

2023-09-30

Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands

Sep. 30, 2023

Dec. 31, 2022

ASSETS:

Cash and due from banks

$ 182,261

$ 212,273

Interest-earning deposits in financial institutions

5,887,406

2,027,949

Total cash, cash equivalents, and restricted cash

6,069,667

2,240,222

Securities available-for-sale, at fair value (amortized cost of $5,443,677 and $5,654,617, respectively)

4,487,172

4,843,487

Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss

2,282,586

^[1]

2,269,135

^[2]

Federal Home Loan Bank stock, at cost

17,250

34,290

Total investment securities

6,787,008

7,146,912

Loans Receivable Held-for-sale, Amount

188,866

65,076

Gross loans and leases held for investment

21,969,789

28,726,016

Deferred fees, net

(48,843)

(116,887)

Allowance for loan and lease losses

(222,297)

(200,732)

Total loans and leases held for investment, net

^[3]

21,698,649

28,408,397

Equipment leased to others under operating leases

352,330

404,245

Premises and equipment, net

50,236

54,315

Foreclosed assets, net

6,829

5,022

Goodwill

1,376,736

Core deposit and customer relationship intangibles, net

24,192

31,381

Deferred Tax Assets, Tax Deferred Expense

506,248

281,848

Other assets

1,193,808

1,214,782

Total assets

36,877,833

41,228,936

LIABILITIES AND STOCKHOLDERS' EQUITY

Noninterest-bearing deposits

5,579,033

11,212,357

Interest-bearing deposits

21,019,648

22,723,977

Total deposits

26,598,681

33,936,334

Borrowings (including $123,782 at fair value)

6,294,525

1,764,030

Subordinated debt

870,896

867,087

Accrued interest payable and other liabilities

714,454

710,954

Total liabilities

34,478,556

37,278,405

Commitments and contingencies

Preferred stock par value (usd per share)

$ 0.01

Preferred Stock, Shares Authorized

5,000,000

Preferred stock issued (shares)

513,250

Preferred stock outstanding (shares)

513,250

Preferred Stock $0.01 par value; 5,000,000 shares authorized; 513,250 Series A shares, $1,000 per share liquidation preference, issued and outstanding at June 30, 2023 and December 31, 2022

$ 498,516

Common stock ($0.01 par value, 200,000,000 shares authorized at June 30, 2023 and December 31, 2022; 123,000,557 and 123,000,557 shares issued, respectively, including 3,082,495 and 2,778,500 shares of unvested restricted stock, respectively)

1,231

1,230

Additional paid-in capital

2,910,716

2,927,903

Retained (deficit) earnings

$ (25,399)

$ 1,420,624

Treasury Stock, Shares 3,082,495 and 2,778,500 shares at June 30, 2023 and December 31, 2022)

3,106,915

2,778,500

Treasury stock, at cost

$ (112,105)

$ (106,839)

Accumulated other comprehensive loss, net

(873,682)

(790,903)

Total stockholders' equity

2,399,277

3,950,531

Total liabilities and stockholders' equity

$ 36,877,833

$ 41,228,936

Preferred Stock, Liquidation Preference Per Share

$ 1,000

Debt Securities, Available-for-sale, Amortized Cost

$ 5,443,677

$ 5,654,617

[1]	Excludes accrued interest receivable of $11.3 million at September 30, 2023 which is recorded in "Other assets" on the condensed consolidated balance sheets
[2]	Excludes accrued interest receivable of $13.5 million at December 31, 2022 which is recorded in "Other assets" on the condensed consolidated balance sheets
[3]	Excludes accrued interest receivable of $95.4 million and $124.3 million at September 30, 2023 and December 31, 2022, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.

About PacWest Bancorp

PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate mortgage loans, and real estate construction and land loans to professional developers and real estate investors for the acquisition, refinancing, renovation, and construction of commercial real estate properties; lender, equipment, and premium finance; other asset-based loans; venture capital loans to support the operations of entrepreneurial and venture-backed companies; and equipment-secured loans and leases. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management solutions; treasury and cash management services; telephone banking, remote deposit, and online and mobile banking services; and automated teller machine services. The company offers its products and services to small, middle-market, and venture-backed businesses. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.

CEO	Mr. Paul W. Taylor
WEBSITE	pacwestbancorp.com
INDUSTRY	Banks Diversified
EMPLOYEES	2438

PacWest Bancorp Frequently Asked Questions

What is the ticker symbol for PacWest Bancorp? What does PACW stand for in stocks?

PACW is the stock ticker symbol of PacWest Bancorp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of PacWest Bancorp (PACW)?

As of Thu Nov 30 2023, market cap of PacWest Bancorp is 894.15 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PACW stock?

You can check PACW's fair value in chart for subscribers.

What is the fair value of PACW stock?

You can check PACW's fair value in chart for subscribers. The fair value of PacWest Bancorp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of PacWest Bancorp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PACW so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is PacWest Bancorp a good stock to buy?

The fair value guage provides a quick view whether PACW is over valued or under valued. Whether PacWest Bancorp is cheap or expensive depends on the assumptions which impact PacWest Bancorp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PACW.

What is PacWest Bancorp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Nov 30 2023, PACW's PE ratio (Price to Earnings) is -0.65 and Price to Sales (PS) ratio is 0.45. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PACW PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on PacWest Bancorp's stock?

In the past 10 years, PacWest Bancorp has provided -0.122 (multiply by 100 for percentage) rate of return.