PacWest Bancorp
Market Cap
US$2.8b
Last Updated
2020/12/02 23:05 UTC
Data Sources
Company Financials +
Executive Summary
PacWest Bancorp operates as the holding company for Pacific Western Bank that provides commercial banking products and services. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has PacWest Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PACW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: PACW's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
-4.2%
PACW
-0.3%
US Banks
0.7%
US Market
1 Year Return
-33.5%
PACW
-16.2%
US Banks
22.2%
US Market
Return vs Industry: PACW underperformed the US Banks industry which returned -16.6% over the past year.
Return vs Market: PACW underperformed the US Market which returned 22.7% over the past year.
Shareholder returns
| PACW | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.2% | -0.3% | 0.7% |
| 30 Day | 25.7% | 20.3% | 11.8% |
| 90 Day | 27.6% | 19.7% | 8.6% |
| 1 Year | -29.8%-33.5% | -13.1%-16.2% | 25.0%22.2% |
| 3 Year | -39.1%-48.3% | -3.8%-11.8% | 49.4%39.5% |
| 5 Year | -28.9%-45.1% | 42.5%24.8% | 100.2%78.1% |
Long-Term Price Volatility Vs. Market
How volatile is PacWest Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Don't Race Out To Buy PacWest Bancorp (NASDAQ:PACW) Just Because It's Going Ex-Dividend3 weeks ago | Simply Wall St
Read This Before Buying PacWest Bancorp (NASDAQ:PACW) For Its Dividend1 month ago | Simply Wall St
Earnings Miss: PacWest Bancorp Missed EPS By 38% And Analysts Are Revising Their ForecastsValuation
Is PacWest Bancorp undervalued compared to its fair value and its price relative to the market?
42.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PACW ($24.57) is trading below our estimate of fair value ($42.71)
Significantly Below Fair Value: PACW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PACW is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.
PE vs Market: PACW is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PACW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PACW's PB Ratio (0.8x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is PacWest Bancorp forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
108.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PACW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: PACW is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PACW's is expected to become profitable in the next 3 years.
Revenue vs Market: PACW's revenue (1.5% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: PACW's revenue (1.5% 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 (9%).
Next Steps
Past Performance
How has PacWest Bancorp performed over the past 5 years?
-38.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PACW is currently unprofitable.
Growing Profit Margin: PACW is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PACW is unprofitable, and losses have increased over the past 5 years at a rate of 38.4% per year.
Accelerating Growth: Unable to compare PACW's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PACW is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-4.1%).
Return on Equity
High ROE: PACW has a negative Return on Equity (-35.47%), as it is currently unprofitable.
Next Steps
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 (8.2x) is low.
Allowance for Bad Loans: PACW has a sufficient allowance for bad loans (404%).
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 (66%).
Low Risk Deposits: PACW's Loans to Deposits ratio (78%) is appropriate.
Level of Bad Loans: PACW has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is PacWest Bancorp current dividend yield, its reliability and sustainability?
4.07%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PACW's dividend (4.07%) is higher than the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: PACW's dividend (4.07%) is low compared to the top 25% of dividend payers in the US market (4.14%).
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: PACW is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: PACW's dividends in 3 years are forecast to be well covered by earnings (34.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Matt Wagner (63 yo)
20.25yrs
Tenure
US$7,061,107
Compensation
Mr. Matthew P. Wagner, also known as Matt, has been President and Chief Executive Officer of PacWest Bancorp and Pacific Western Bank. Mr. Wagner is a Director of PacWest Bancorp since 2000. Mr. Wagner als...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD7.06M) is above average for companies of similar size in the US market ($USD5.21M).
Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.25yrs | US$7.06m | 0.62% $ 17.0m | |
| Executive VP & CFO | 5.33yrs | US$3.03m | 0.10% $ 2.8m | |
| Executive VP | 3.58yrs | US$3.66m | 0.075% $ 2.1m | |
| Executive VP | 2.92yrs | US$2.34m | 0.067% $ 1.8m | |
| Executive VP & Vice Chairman - Pacific Western Bank | 6.67yrs | US$2.37m | 0.063% $ 1.7m | |
| Executive VP & Chief Accounting Officer | 0.33yr | no data | 0.0067% $ 184.4k | |
| Executive VP | no data | no data | 0.062% $ 1.7m | |
| Executive Vice President of Strategy & Corporate Development | 0.42yr | no data | 0.096% $ 2.6m | |
| Executive Vice President of Human Resources | 2yrs | no data | 0.022% $ 608.4k | |
| Executive VP | 6.67yrs | US$2.81m | 0.16% $ 4.5m | |
| Chief Credit Officer & Executive VP | 6.92yrs | US$1.73m | 0.065% $ 1.8m | |
| Executive VP & Chief Risk Officer | 4.75yrs | US$2.84m | 0.047% $ 1.3m |
4.8yrs
Average Tenure
57.5yo
Average Age
Experienced Management: PACW's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.25yrs | US$7.06m | 0.62% $ 17.0m | |
| Executive VP | 3.58yrs | US$3.66m | 0.075% $ 2.1m | |
| Executive VP | 6.67yrs | US$2.81m | 0.16% $ 4.5m | |
| Lead Independent Director | 3.58yrs | US$182.97k | 0.044% $ 1.2m | |
| Independent Director | 20.92yrs | US$182.97k | 0.030% $ 837.9k | |
| Independent Chairman of the Board | 20.5yrs | US$291.98k | 0.20% $ 5.4m | |
| Independent Director | 6.67yrs | US$142.97k | 0.020% $ 551.1k | |
| Independent Director | 17.92yrs | US$182.97k | 0.027% $ 752.3k | |
| Independent Director | 17.92yrs | US$142.97k | 0.027% $ 753.2k | |
| Independent Director | 1.17yrs | US$21.50k | 0.034% $ 942.8k | |
| Independent Director | 5.17yrs | US$182.97k | 0.035% $ 974.5k | |
| Independent Director | 10.08yrs | US$182.97k | 0.014% $ 390.9k |
8.4yrs
Average Tenure
63.5yo
Average Age
Experienced Board: PACW's board of directors are considered experienced (8.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: PacWest Bancorp
- Ticker: PACW
- Exchange: NasdaqGS
- Founded: 1999
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.753b
- Shares outstanding: 115.08m
- Website: https://www.pacwestbancorp.com
Number of Employees
Location
- PacWest Bancorp
- 9701 Wilshire Boulevard
- Suite 700
- Beverly Hills
- California
- 90212
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PACW | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 2000 |
| F8B | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2000 |
Biography
PacWest Bancorp operates as the holding company for Pacific Western Bank that provides commercial banking products and services. The company accepts demand, money market, and time deposits. It also provide...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/02 23:05 |
| End of Day Share Price | 2020/12/02 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.