Baldwin Brothers Inc. MA Holds Stake in PacWest Bancorp (PACW)

Baldwin Brothers Inc. MA maintained its stake in shares of PacWest Bancorp (NASDAQ:PACW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,592 shares of the financial services provider’s stock at the end of the second quarter. Baldwin Brothers Inc. MA’s holdings in PacWest Bancorp were worth $728,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PACW. Charter Trust Co. increased its stake in shares of PacWest Bancorp by 0.8% in the second quarter. Charter Trust Co. now owns 4,757 shares of the financial services provider’s stock valued at $222,000 after buying an additional 38 shares during the period. Chesley Taft & Associates LLC increased its stake in shares of PacWest Bancorp by 0.6% in the first quarter. Chesley Taft & Associates LLC now owns 17,825 shares of the financial services provider’s stock valued at $949,000 after buying an additional 100 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of PacWest Bancorp by 0.5% in the first quarter. Tudor Investment Corp ET AL now owns 20,370 shares of the financial services provider’s stock valued at $1,085,000 after buying an additional 101 shares during the period. World Asset Management Inc increased its stake in PacWest Bancorp by 1.6% in the first quarter. World Asset Management Inc now owns 7,432 shares of the financial services provider’s stock worth $396,000 after buying an additional 118 shares during the last quarter. Finally, Denver Investment Advisors LLC increased its stake in PacWest Bancorp by 0.5% in the first quarter. Denver Investment Advisors LLC now owns 38,343 shares of the financial services provider’s stock worth $2,042,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 86.46% of the company’s stock.

PacWest Bancorp (PACW) traded down 0.08% during trading on Tuesday, hitting $47.83. 609,229 shares of the stock were exchanged. PacWest Bancorp has a 52 week low of $40.60 and a 52 week high of $57.53. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 16.52 and a beta of 1.58. The firm has a 50-day moving average of $47.43 and a 200-day moving average of $50.85.

PacWest Bancorp (NASDAQ:PACW) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.06. PacWest Bancorp had a net margin of 30.61% and a return on equity of 7.73%. The business had revenue of $277.76 million for the quarter, compared to the consensus estimate of $272.57 million. During the same period in the prior year, the company posted $0.68 earnings per share. Equities research analysts anticipate that PacWest Bancorp will post $2.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 21st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.00 dividend on an annualized basis and a yield of 4.18%. PacWest Bancorp’s payout ratio is 68.97%.

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A number of equities research analysts have issued reports on PACW shares. Zacks Investment Research downgraded shares of PacWest Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Piper Jaffray Companies raised their price target on shares of PacWest Bancorp from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, April 11th. Stephens restated a “hold” rating and set a $56.00 price target on shares of PacWest Bancorp in a report on Monday, April 17th. FBR & Co restated an “outperform” rating and set a $55.00 price target (down previously from $62.00) on shares of PacWest Bancorp in a report on Monday, April 17th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $55.00 price target on shares of PacWest Bancorp in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $55.60.

In other PacWest Bancorp news, Director Craig A. Carlson sold 1,081 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $47.16, for a total transaction of $50,979.96. Following the sale, the director now directly owns 6,273 shares in the company, valued at $295,834.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.98% of the company’s stock.

PacWest Bancorp Company Profile

PacWest Bancorp is a bank holding company for Pacific Western Bank (the Bank). The Company is focused on relationship-based business banking to small, middle-market and venture-backed businesses. As of December 31, 2016, the Bank offered a range of loan and deposit products and services through 77 branches located throughout the state of California, one branch located in Durham, North Carolina, and several loan production offices located in cities across the country.

Institutional Ownership by Quarter for PacWest Bancorp (NASDAQ:PACW)

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