Fintel reports that on April 6, 2023,
Keefe, Bruyette & Woods
maintained
coverage of PacWest Bancorp (NASDAQ:PACW) with
a Market Perform recommendation.
Analyst Price Forecast Suggests 140.44% Upside
As of April 6, 2023,
the average one-year price target for PacWest Bancorp is $22.55.
The forecasts range from a low of $10.10 to a high of $33.60.
The average price target represents an increase of 140.44% from its latest reported closing price of $9.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for PacWest Bancorp
is $1,566MM, an increase of 16.77%.
The projected annual non-GAAP EPS
is $3.95.
PacWest Bancorp Declares $0.25 Dividend
On February 1, 2023 the company declared a regular
quarterly dividend of $0.25 per share ($1.00 annualized).
Shareholders of record as of February 15, 2023
received the payment on February 28, 2023.
Previously, the company paid $0.25 per share.
At the current share price of $9.38 / share,
the stock’s dividend yield is 10.66%.
Looking back five years and taking a sample every week, the average dividend yield has been
4.82%,
the lowest has been 2.00%,
and the highest has been 16.97%.
The standard deviation of yields is 2.33 (n=237).
The current dividend yield is
2.50 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.28.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.58%.
What are Other Shareholders Doing?
Susquehanna International Group, Llp
holds 178K shares
representing 0.15% ownership of the company.
In it’s prior filing, the firm reported owning 58K shares, representing
an increase
of 67.10%.
The firm
increased
its portfolio allocation in PACW by 202.02% over the last quarter.
SEHAX – SIIT U.S. Equity Factor Allocation Fund
holds 71K shares
representing 0.06% ownership of the company.
In it’s prior filing, the firm reported owning 78K shares, representing
a decrease
of 10.72%.
The firm
decreased
its portfolio allocation in PACW by 10.79% over the last quarter.
VITNX – Vanguard Institutional Total Stock Market Index Fund Institutional Shares
holds 79K shares
representing 0.07% ownership of the company.
No change in the last quarter.
Belpointe Asset Management
holds 0K shares
representing 0.00% ownership of the company.
Great West Life Assurance
holds 109K shares
representing 0.09% ownership of the company.
In it’s prior filing, the firm reported owning 84K shares, representing
an increase
of 22.63%.
The firm
decreased
its portfolio allocation in PACW by 14.17% over the last quarter.
What is the Fund Sentiment?
There are 707 funds or institutions reporting positions in PacWest Bancorp.
This is a decrease
of
18
owner(s) or 2.48% in the last quarter.
Average portfolio weight of all funds dedicated to PACW is 0.18%,
a decrease
of 14.52%.
Total shares owned by institutions decreased
in the last three months by 2.64% to 124,549K shares.
The put/call ratio of PACW is 0.73, indicating a
bullish
outlook.
Pacwest Bancorp Background Information
(This description is provided by the company.)
PacWest Bancorp (‘PacWest’) is a bank holding company with over $29 billion in assets headquartered in Los Angeles, California, with executive offices in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the ‘Bank’). The Bank has 70 full-service branches located in California, one branch located in Durham, North Carolina, and one branch located in Denver, Colorado. Its Community Banking group provides lending and comprehensive deposit and treasury management services to small and medium-sized businesses conducted primarily through its California-based branch offices and Denver, Colorado branch office. It offers additional products and services through its National Lending and Venture Banking groups. National Lending provides asset-based, equipment, and real estate loans and treasury management services to established middle market businesses on a national basis. Venture Banking offers a comprehensive suite of financial services focused on entrepreneurial or venture-backed businesses and their venture capital and private equity investors, with offices located in key innovation hubs across the United States.
See all PacWest Bancorp regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
