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.
infoPacWest Bancorp is a small cap stock with a total market cap of 912.08M.
infoThey trade on the NASDAQ and had their IPO 23 years and 2 months ago.
infoPacWest Bancorp currently employs 2438 people.
infoAs of Wednesday, Aug 23 2023, PacWest Bancorp’s share price is $7.6.
News Relating to PacWest Bancorp
The Motley Fool
Why PacWest Bancorp Stock Fell 10.3% This Week
Friday Aug 18 2023 at 12:58
A report from Fitch on bank ratings and a speech by the FDIC chair spooked bank investors. PacWest is in the process of merging with another California bank.
Market Watch
Buyer of PacWest commercial real estate expects to double its $7 billion loan portfolio as rate shocks fuel more banking stress
Tuesday Aug 08 2023 at 15:01
A raft of credit rating actions against more than two dozen U.S. banks by Moody’s Investors Service late Monday didn’t shock one buyer of distressed commercial real estate.
Market Watch
10 regional banks expected to buck a weak industry trend
Tuesday Aug 08 2023 at 12:15
Bank stocks took a pounding on Tuesday, after Moody’s downgraded its credit ratings for several smaller regional banks and put six larger players on review for possible downgrades. Below is a screen of bank stocks to highlight 10 that are expected to buck the industry trend for reduced profitability in their core businesses.
Zacks Investment Research
New Strong Sell Stocks for August 4th
Friday Aug 04 2023 at 08:17
ASB, BUSE and PACW have been added to the Zacks Rank #5 (Strong Sell) List on August 4, 2023.
Market Watch
PacWest draws upgrade to buy from neutral after Banc of California deal
Monday Jul 31 2023 at 14:16
D.A. Davidson on Monday upgraded PacWest Bancorp PACW, -1.90% to buy from neutral to bring it up to the same rating as upcoming acquirer, Banc of California BANC, -2.49%, as announced last week. “We think that transaction is beneficial to shareholders of both companies, and accelerates the recovery of value for PACW shareholders in the wake of the March bank liquidity crisis,” D.A.
WSJ
The Score: Mattel, PacWest, Meta and More Stocks That Defined the Week
Friday Jul 28 2023 at 16:48
Here are some of the major companies whose stocks moved on the week’s news.
Business Insider
JPMorgan rides to the rescue again, snapping up mortgages worth $1.8 billion as part of PacWest merger
Thursday Jul 27 2023 at 08:45
JPMorgan is set to buy mortgages worth nearly $2 billion in PacWest’s merger deal, per Bloomberg. The Wall Street bank will buy the single-family residential loans at a discount.
Market Watch
Banc of California is expected to keep leading regional banks higher as PacWest deal ignites sector
Wednesday Jul 26 2023 at 16:58
Banc of California Inc.’s proposed agreement to acquire PacWest Bancorp. helped send regional-bank stocks considerably higher on Wednesday.
The Motley Fool
Why PacWest Bancorp Stock Just Exploded 25% Higher
Wednesday Jul 26 2023 at 15:45
PacWest Bancorp delivered a Q2 earnings beat Tuesday afternoon, reporting a profit of $0.22 per share. More importantly, though, Banc of California is buying PacWest.
Reuters
JPMorgan to buy almost $2 bln of mortgages in the PacWest deal – Bloomberg News
Wednesday Jul 26 2023 at 14:15
JPMorgan Chase & Co will buy almost $2 billion worth of mortgages to facilitate Banc of California’s purchase of PacWest Bancorp , Bloomberg News reported on Wednesday.
Invezz
PacWest shares jump 30% on a $1.1 billion buyout deal
Wednesday Jul 26 2023 at 11:48
PacWest Bancorp (NASDAQ: PACW) opened 30% up today after Bank of California Inc (NYSE: BANC) said it will buy the commercial banking company for $1.10 billion. Details of PacWest-Banc of California merger The all-stock merger will replace each share of PacWest with 0.6569 shares of Banc of California.
Seeking Alpha
PacWest Bancorp: M&A Validates Our Bullish Call On The Preferred
Wednesday Jul 26 2023 at 11:20
US regional bank stocks have been heavily shorted since the collapse of Silicon Valley Bank, with PacWest Bancorp being a prime target. However, stabilizing deposits have helped share prices recover. PacWest Bancorp announced its agreement to merge with Banc of California in an all-stock deal, which saw both companies’ share prices increase. The combined entity will operate under the Banc of California banner. I maintain my BUY rating on PACWP as I expect price to converge to $25 within the next few months. Investors can still expect a 17% upside and a 9%yield.
Barrons
PacWest Stock Tanked, Then Soared, on the Same Takeover News
Wednesday Jul 26 2023 at 11:10
The deal was bad news for the California bank’s shares, until it was less bad.
Investopedia
PacWest Shares Soar After Merger with Rival Banc of California
Wednesday Jul 26 2023 at 10:00
Imperiled bank PacWest shares soared in early trade on Wednesday after news of its merger with smaller rival Banc of California in a $1.1 billion all-stock deal.
InvestorPlace
Why Is PacWest Banc (PACW) Stock Up 30% Today?
Wednesday Jul 26 2023 at 08:05
PacWest Banc (NASDAQ: PACW ) stock is rising higher on Wednesday after announcing it will combine with Banc of California (NYSE: BANC ). The merger will result in shareholders of PACW stock trading their stakes for BANC shares.
Proactive Investors
Banc of California and PacWest Bancorp deal well received by the market
Wednesday Jul 26 2023 at 07:59
In a significant development in the banking sector, Banc of California (NYSE:BANC) and PacWest Bancorp have announced their intention to merge, forming a new entity with assets totalling $36 billion. The move comes in the wake of a turbulent period for regional banks, and the merger is seen by some as a strategic response to these challenges.
Zacks Investment Research
PacWest (PACW) & Banc of California (BANC) Soar on Merger Deal
Wednesday Jul 26 2023 at 07:55
PacWest (PACW) and Banc of California (BANC) announce an all-stock merger deal.
Investopedia
5 Things to Know Before Markets Open
Wednesday Jul 26 2023 at 07:25
The Federal Reserve is expected to hike interest rates to their highest levels in 22 years and Microsoft shares fell after its forward guidance didn’t meet analyst expectations. Here’s what investors need to know today.
Reuters
PacWest stock soars on $1.1 bln buyout deal
Wednesday Jul 26 2023 at 04:47
PacWest Bancorp’s shares rose nearly 38% in premarket trading on Wednesday, a day after smaller rival Banc of California agreed to buy the lender for $1.1 billion.
Business Insider
Banc of California and PacWest Bancorp will merge into a new bank holding $36 billion in assets
Tuesday Jul 25 2023 at 23:45
Banc of California and PacWest Bancorp shares surged after announcing an all-stock merger. The new bank will have $36 billion in assets and $30.5 billion in total deposits.
Zacks Investment Research
Here’s What Key Metrics Tell Us About PacWest (PACW) Q2 Earnings
Tuesday Jul 25 2023 at 22:08
While the top- and bottom-line numbers for PacWest (PACW) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The Motley Fool
Why These 2 Bank Stocks Are Soaring Late Tuesday
Tuesday Jul 25 2023 at 21:27
Stocks rose on Tuesday. Regional bank stocks climbed as PacWest and Banc of California announced merger plans.
Zacks Investment Research
PacWest Bancorp (PACW) Q2 Earnings and Revenues Surpass Estimates
Tuesday Jul 25 2023 at 19:08
PacWest Bancorp (PACW) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $1.02 per share a year ago.
Fox Business
Banc of California and PacWest to merge, raise $400 million in equity
Tuesday Jul 25 2023 at 18:00
Banc of California and PacWest Bancorp will merge in an all-stock deal to create a bank with $36 billion in assets and The lenders also raised $400 million in equity from investors.
Forbes
PacWest Bank Shares Fluctuate 30% Ahead Of Sale To Rival Banc Of California
Tuesday Jul 25 2023 at 17:44
Banc of California will purchase the embattled PacWest, which was on somewhat precarious footing following the banking scare in March.
Bloomberg Markets and Finance
PacWest to Merge With the Smaller Banc of California
Tuesday Jul 25 2023 at 17:28
PacWest Bancorp is merging with smaller rival Banc of California as it seeks to navigate a bout of upheaval that brought down a handful of its peers. Bloomberg’s Sally Bakewell reports.
CNN Business
Banc of California set to merge with rival PacWest
Tuesday Jul 25 2023 at 17:09
PacWest Bancorp is set to merge with Banc of California in a $400 million equity deal, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results.
CNBC Television
Banc of California and PacWest to merge into new firm called Pacific Western
Tuesday Jul 25 2023 at 16:48
CNBC’s Leslie Picker joins ‘Closing Bell Overtime’ with breaking news on the Banc of California, PacWest merger.
Yahoo Finance
Banc of California in talks to buy PacWest: Report
Tuesday Jul 25 2023 at 16:32
Yahoo Finance anchor Jared Blikre breaks down reports of a possible merger between Banc of California and PacWest. Apollo Global Management is the parent company of Yahoo Finance.
CNBC Television
Banc of California reportedly in talks to buy PacWest
Tuesday Jul 25 2023 at 15:19
CNBC’s Leslie Picker joins ‘Power Lunch’ to discuss a WSJ report that Banc of California is in talks to buy PacWest.
PacWest Bancorp Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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PacWest Bancorp’s Altman Z-score is 0.47 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
PacWest Bancorp Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, there has been no insider trading in PacWest Bancorp.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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PacWest Bancorp’s Income Quality of -0.45 is lower than its Industry Group of 1.3 (-134.6% lower)
PacWest Bancorp’s Income Quality of -0.45 is lower than its Major Industry Group of 1.32 (-134.1% lower)
PacWest Bancorp’s Income Quality of -0.45 is lower than its Sector of 0.58 (-177.6% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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PacWest Bancorp’s Current Ratio of 16.79 is greater than its Industry Group of 8.8 (90.8% greater)
PacWest Bancorp’s Current Ratio of 16.79 is greater than its Major Industry Group of 9.67 (73.6% greater)
PacWest Bancorp’s Current Ratio of 16.79 is greater than its Sector of 1.3 (1191.5% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Cannot compare a negative PE Ratio (-0.75 & 7.82)
Cannot compare a negative PE Ratio (-0.75 & 8.01)
Cannot compare a negative PE Ratio (-0.75 & 7.86)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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PacWest Bancorp’s PB Ratio of 0.36 is lower than its Industry Group of 0.58 (-37.9% lower)
PacWest Bancorp’s PB Ratio of 0.36 is in line with its Major Industry Group of 0.36
PacWest Bancorp’s PB Ratio of 0.36 is lower than its Sector of 0.72 (-50.0% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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PacWest Bancorp’s ROE of -0.48 is lower than its Industry Group of 0.08 (-700.0% lower)
PacWest Bancorp’s ROE of -0.48 is lower than its Major Industry Group of 0.02 (-2500.0% lower)
PacWest Bancorp’s ROE of -0.48 is lower than its Sector of 0.04 (-1300.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
PacWest Bancorp’s ROCE of -0.02 is lower than its Industry Group of 0.02 (-200.0% lower)
PacWest Bancorp’s ROCE of -0.02 is lower than its Major Industry Group of 0.02 (-200.0% lower)
PacWest Bancorp’s ROCE of -0.02 is lower than its Sector of 0.02 (-200.0% lower)
Derived from SEC.GOV filing dataopen_in_new