| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
PACW Stock Overview
PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various banking products and services.
PacWest Bancorp Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$51.20 |
| 52 Week High | US$51.72 |
| 52 Week Low | US$29.12 |
| Beta | 1.48 |
| 1 Month Change | 18.68% |
| 3 Month Change | 6.42% |
| 1 Year Change | 65.54% |
| 3 Year Change | 29.46% |
| 5 Year Change | -4.25% |
| Change since IPO | 265.71% |
Recent News & Updates
Shareholder Returns
| PACW | US Banks | US Market | |
|---|---|---|---|
| 7D | 2.6% | -0.5% | -0.5% |
| 1Y | 65.5% | 32.9% | 13.7% |
Return vs Industry: PACW exceeded the US Banks industry which returned 32.9% over the past year.
Return vs Market: PACW exceeded the US Market which returned 13.7% over the past year.
Price Volatility
| PACW volatility | |
|---|---|
| PACW Average Weekly Movement | 4.3% |
| Banks Industry Average Movement | 3.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: PACW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PACW's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 1,700 | Matt Wagner | https://www.pacwestbancorp.com |
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 loans to professional developers and real estate investors for the acquisition, refinancing, renovation, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the operations of entrepreneurial and venture-backed companies; and equipment-secured loans and leases.
PacWest Bancorp Fundamentals Summary
| PACW fundamental statistics | |
|---|---|
| Market Cap | US$6.00b |
| Earnings (TTM) | US$579.64m |
| Revenue (TTM) | US$1.39b |
10.4x
P/E Ratio1.5x
P/B RatioIs PACW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PACW income statement (TTM) | |
|---|---|
| Revenue | US$1.39b |
| Cost of Revenue | US$0 |
| Gross Profit | US$1.39b |
| Expenses | US$805.39m |
| Earnings | US$579.64m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 19, 2022
| Earnings per share (EPS) | 4.94 |
| Gross Margin | 100.00% |
| Net Profit Margin | 41.85% |
| Debt/Equity Ratio | 22.0% |
How did PACW perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield20%
Payout RatioValuation
Is PacWest Bancorp undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PACW ($51.2) is trading below our estimate of fair value ($106.78)
Significantly Below Fair Value: PACW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PACW is good value based on its PE Ratio (10.4x) compared to the US Banks industry average (11.3x).
PE vs Market: PACW is good value based on its PE Ratio (10.4x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: PACW's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PACW is overvalued based on its PB Ratio (1.5x) compared to the US Banks industry average (1.2x).
Future Growth
How is PacWest Bancorp forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-2.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PACW's earnings are forecast to decline over the next 3 years (-2.8% per year).
Earnings vs Market: PACW's earnings are forecast to decline over the next 3 years (-2.8% per year).
High Growth Earnings: PACW's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PACW's revenue (8.2% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: PACW's revenue (8.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PACW's Return on Equity is forecast to be low in 3 years time (13.1%).
Past Performance
How has PacWest Bancorp performed over the past 5 years?
-28.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PACW has high quality earnings.
Growing Profit Margin: PACW became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PACW's earnings have declined by 28.1% per year over the past 5 years.
Accelerating Growth: PACW has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PACW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (43.7%).
Return on Equity
High ROE: PACW's Return on Equity (15%) is considered low.
Financial Health
How is PacWest Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: PACW's Assets to Equity ratio (9.2x) is low.
Allowance for Bad Loans: PACW has a sufficient allowance for bad loans (316%).
Low Risk Liabilities: 96% of PACW's liabilities are made up of primarily low risk sources of funding.
Loan Level: PACW has an appropriate level of Loans to Assets ratio (57%).
Low Risk Deposits: PACW's Loans to Deposits ratio (66%) is appropriate.
Level of Bad Loans: PACW has an appropriate level of bad loans (0.3%).
Dividend
What is PacWest Bancorp current dividend yield, its reliability and sustainability?
1.95%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PACW's dividend (1.95%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: PACW's dividend (1.95%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: PACW's dividend payments have been volatile in the past 10 years.
Growing Dividend: PACW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.2%), PACW's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PACW's dividends in 3 years are forecast to be well covered by earnings (21.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Matt Wagner (64 yo)
21.33yrs
Tenure
US$4,952,716
Compensation
Mr. Matthew P. Wagner, also known as Matt, has been President and Chief Executive Officer of PacWest Bancorp and Pacific Western Bank since 2000. Mr. Wagner is a Director of PacWest Bancorp since 2000. Mr....
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD4.95M) is about average for companies of similar size in the US market ($USD6.40M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PACW's management team is considered experienced (3.5 years average tenure).
Board Members
Experienced Board: PACW's board of directors are considered experienced (9.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PACW insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PacWest Bancorp's employee growth, exchange listings and data sources
Key Information
- Name: PacWest Bancorp
- Ticker: PACW
- Exchange: NasdaqGS
- Founded: 1999
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$6.003b
- Shares outstanding: 117.25m
- Website: https://www.pacwestbancorp.com
Number of Employees
Location
- PacWest Bancorp
- 9701 Wilshire Boulevard
- Suite 700
- Beverly Hills
- California
- 90212
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:20 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.