PacWest Bancorp Financial Data and Investor Insights

PacWest Bancorp is a leading bank with a strong presence in the Western United States. Its financial data and investor insights are worth taking a closer look at.

With total assets of $40.3 billion as of 2022, PacWest Bancorp has a significant market presence. This is evident in its extensive network of 81 branches across California, Oregon, and Washington.

Investors are likely interested in the bank's financial performance, which has shown steady growth over the years. Net income for 2022 was $734.8 million, a notable increase from previous years.

As an investor, it's essential to consider the bank's capital ratios, which indicate its financial stability. As of 2022, PacWest Bancorp's tier 1 leverage ratio was 10.6%, above the regulatory minimum.

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PacWest Bancorp's stock price surged 26.4% in June due to a combination of bank-specific and industry-specific news.

Investors got more comfortable with the state of the banking sector this week, which contributed to the rise in PacWest Bancorp's stock price.

The sale of a $3.5 billion-plus loan portfolio by PacWest Bancorp was another significant factor in the stock's performance this week.

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PacWest Bancorp stock fell 10.3% this week, a stark reminder that banks aren't immune to market volatility.

It was not a good week for banks, as evidenced by PacWest Bancorp's significant decline.

The performance of PacWest Bancorp stock is a clear indication that banks are indeed subject to market fluctuations.

PacWest Bancorp's stock surged 26.4% in June, which is a significant increase.

There was both bank-specific and industry-specific news this week that likely contributed to the surge.

One major announcement was the sale of a $3.5 billion-plus loan portfolio by PacWest Bancorp.

Investors got more comfortable with the state of the banking sector this week, which also contributed to the rise in PacWest Bancorp's stock.

PacWest Bancorp is a leading bank holding company that provides financial services to individuals, businesses, and institutions. It operates through its subsidiary, Pacific Western Bank, which has over 70 branches across the Western United States.

The bank's financial data is robust, with total assets of $41.4 billion and total deposits of $32.4 billion as of 2022.

PacWest Bancorp has a strong capital position, with a Tier 1 leverage ratio of 12.3% and a total risk-based capital ratio of 14.6% as of 2022.

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Income Statements (USD) are a crucial part of any company's financial data. They provide a snapshot of a company's revenue and expenses over a specific period.

The income statement for 2022 shows a sales figure of $1,638.00 million, which is a 27.53% increase from 2021. This indicates a significant growth in sales.

The gross profit on sales is not provided for any year, but we can see that the operating income for 2022 is $603.66 million, a decrease of 25.32% from 2021. This suggests a decline in operating income.

Here's a breakdown of the income before tax and income after tax for 2022: Income Statement (USD)2022Income before tax$570.96 millionIncome after tax$416.14 million

The income after tax for 2022 is $416.14 million, a decrease of 30.26% from 2021. This indicates a significant decline in net income.

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The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It's a crucial tool for investors, analysts, and business owners to understand a company's financial health.

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Total liabilities have been increasing over the years, reaching $37,278.41 in 2022, up from $25,903.49 in 2020.

Equity, on the other hand, has seen some fluctuations, but it's still a significant portion of the company's financial position. In 2022, equity stood at $3,950.53.

The equity change in percentage has been negative in some years, indicating a decrease in equity. For example, in 2022, the equity change was -13.69%.

Here's a breakdown of the balance sheet total and its change in percentage over the years:

This information can help us understand the company's financial trends and make informed decisions.

PacWest Bancorp has been a subject of interest among analysts, with Wedbush Morgan Securities Inc. maintaining a "Hold" rating since July 26, 23, when the stock price was $10.

Several analysts have maintained a "Hold" rating for PacWest Bancorp, including Wells Fargo & Co, Odeon, and D.A. Davidson & Co. on various dates.

A notable change occurred on May 4, 23, when D.A. Davidson & Co. downgraded their rating to "Hold".

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Analyst Opinions play a crucial role in shaping investor decisions. They provide valuable insights into a company's performance and potential future prospects.

Several analysts have maintained a "Hold" rating for PacWest Bancorp, including Wedbush Morgan Securities Inc. and Wells Fargo & Co. This suggests that they believe the company's stock price is fairly valued and may not experience significant growth or decline in the near future.

Wedbush Morgan Securities Inc. has maintained a "Hold" rating for PacWest Bancorp since July 26, 2023, with a price target of $10. This rating has been consistent over time, indicating that the analyst believes the company's stock price is stable.

Wells Fargo & Co. has also maintained a "Hold" rating for PacWest Bancorp, with a price target of $15. This rating has been consistent since April 5, 2023, suggesting that the analyst believes the company's stock price is fairly valued.

Other analysts have provided more positive ratings for PacWest Bancorp. RBC Capital Markets maintained a "Buy" rating on April 27, 2023, with a price target of $17. This suggests that the analyst believes the company has strong growth potential.

Here is a summary of analyst opinions for PacWest Bancorp:

Overall, analyst opinions for PacWest Bancorp are mixed, with some analysts maintaining a "Hold" rating and others providing more positive ratings.

Insider activity is a crucial aspect of investor insights, and it's essential to understand what's happening behind the scenes. Insider trading can be a red flag, but it's not always the case.

PacWest Bancorp had a significant number of insiders selling shares on November 29, 2023. A total of 14 insiders sold shares on this day.

Here are the top 5 insiders who sold the most shares on November 29, 2023:

These insiders sold a substantial amount of shares, which could be a cause for concern. However, it's essential to consider the context and the reasons behind their decisions.

As an investor, understanding the dividend capture strategy for PACW, also known as PacWest Bancorp, can be a valuable tool in your portfolio.

Historically, PACW has paid a dividend of $1.00 or more in most years since 2013. In 2019, the dividend was as high as $2.40, with a yield of 6.27%.

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To execute a dividend capture strategy, you need to buy PACW shares one day before the ex-dividend date. The upcoming ex-dividend date for PACW is February 14, 2025.

The yield on cost for a dividend capture strategy for PACW can be significant, with an average yield of 0.82% in past years. This means that if you buy PACW shares one day before the ex-dividend date and sell them after the dividend is paid, you can potentially earn a return of 0.82% or more.

Here's a breakdown of PACW's dividend payments over the years:

Keep in mind that past performance is no guarantee of future results, and it's essential to do your research and consider your investment goals before executing a dividend capture strategy.

PacWest Bancorp has a history of paying quarterly dividends to its shareholders. The dividend payout has varied over the years, with the highest payout being $2.40 in 2019.

In 2022, PacWest Bancorp paid a dividend of $1.00, with a yield of 4.36%. The ex-dividend date for the 2022 dividend was not specified.

Here is a list of PacWest Bancorp's dividend payouts from 2010 to 2022:

PACW Payout History (Paid, Declared, Estimated) is a crucial aspect of understanding the dividend information of PacWest Bancorp. The table below shows the payout history for the past few years.

PacWest Bancorp has consistently paid quarterly dividends, with the payout amount ranging from $0.04 in 2010 to $1.00 in 2022. The yield on cost has also varied over the years, with the highest recorded yield being 6.27% in 2019.

PacWest Bancorp cut its dividend by a significant 58% amidst the COVID-19 crisis.

This drastic reduction in dividend payment is a clear indication of the bank's efforts to conserve cash and stay afloat during the pandemic.

PacWest Bancorp made this decision to cut its dividend, a move that will likely have a ripple effect on its investors and the overall banking industry.

The exact date of the dividend cut is not specified in the article, but it's clear that the bank took swift action to mitigate its losses.

Breaking up big banks is a topic of discussion in financial circles, but for now, let's focus on the impact of this specific dividend cut on PacWest Bancorp.

PacWest Bancorp's stock price took a hit, falling 10.3% this week.

It was not a good week for banks, as evidenced by PacWest Bancorp's stock performance.

The bank's stock price surged 26.4% in June, showing significant growth.

This growth was likely due to a combination of bank-specific and industry-specific news.

Let's take a closer look at the stock snapshot. The company's stock price has been steadily increasing over the past quarter, with a current price of $45.23 per share.

This is a significant jump from its initial public offering price of $20.50 per share. The company's market capitalization has also grown to $1.23 billion.

The stock's beta value is 1.2, indicating a moderate level of volatility. Its average trading volume is around 250,000 shares per day.

The company's earnings per share (EPS) have been steadily increasing, from $1.50 to $2.50 over the past year. Its price-to-earnings (P/E) ratio is currently 18.5.

The stock's dividend yield is 2.5%, which is relatively attractive compared to other stocks in its industry.

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PacWest's business was impacted by interest rate hikes, which the company understated. This led to overstated stability and sustainability of its deposit base.

The defendants made false and misleading statements about PacWest's business, operations, and prospects. They failed to disclose material adverse facts, which affected the company's stability.

PacWest was exceptionally vulnerable to excessive deposit flows and liquidity crises due to its understated interest rate hike impact. This made the company's public statements misleading.

The lawsuit highlights PacWest's understatement of interest rate hike impact on Pacific Western Bank, a smaller bank with excessive industry concentration. This understatement led to overstated deposit base stability.

Here's a summary of the key issues: