PacWest Bancorp
PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial banking products and services. The last earnings update was 38 days ago. More info.
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PACW Share Price and Events
7 Day Returns
1 Year Returns
PACW Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| PacWest Bancorp (PACW) | 0.6% | 1.5% | -4.5% | -28.9% | -0.1% | -13.3% |
| US Banks | 1.1% | 0.3% | -2.4% | -8% | 46.4% | 40.3% |
| US Market | 0.5% | 0.2% | 1.1% | 0.8% | 37.4% | 37.5% |
1 Year Return vs Industry and Market
- PACW underperformed the Banks industry which returned -8% over the past year.
- PACW underperformed the Market in United States of America which returned 0.8% over the past year.
PACW Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
PacWest Bancorp
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for PacWest Bancorp.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity = $41.67 * 9.4% |
$3.93 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 10 analysts. | $41.67 |
| Discount Rate (Cost of Equity) | See below | 7.9% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (45.59%)) |
0.87 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.87 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.87 * 5.96%) |
7.92% |
Discounted Cash Flow Calculation for NasdaqGS:PACW using Excess Returns Model Model
The calculations below outline how an intrinsic value for PacWest Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (9.4% – 7.92%) * $41.67) |
$0.63 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.63 / (7.92% - 2.73%) |
$12.24 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $41.67 + $12.24 |
$53.91 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $53.91 |
| Current discount | Discount to share price of
$38.39
= -1 x ($38.39 - $53.91) / $53.91 |
28.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- PacWest Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
- PacWest Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for PacWest Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
PacWest Bancorp's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.72 |
| NasdaqGS:PACW Share Price ** | NasdaqGS (2019-06-14) in USD | $38.39 |
| United States of America Banks Industry PE Ratio | Median Figure of 600 Publicly-Listed Banks Companies | 12.67x |
| United States of America Market PE Ratio | Median Figure of 3,091 Publicly-Listed Companies | 17.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of PacWest Bancorp.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:PACW Share Price ÷ EPS (both in USD) = 38.39 ÷ 3.72 |
10.33x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PacWest Bancorp is good value based on earnings compared to the US Banks industry average.
- PacWest Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
PacWest Bancorp's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.33x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts |
0.9%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 271 Publicly-Listed Banks Companies | 1.37x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.33x ÷ 0.9% |
10.95x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PacWest Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
PacWest Bancorp's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $40.27 |
| NasdaqGS:PACW Share Price * | NasdaqGS (2019-06-14) in USD | $38.39 |
| United States of America Banks Industry PB Ratio | Median Figure of 603 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,244 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:PACW Share Price ÷ Book Value per Share (both in USD) = 38.39 ÷ 40.27 |
0.95x |
* Primary Listing of PacWest Bancorp.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PacWest Bancorp is good value based on assets compared to the US Banks industry average.
Value checks
We assess PacWest Bancorp's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) PacWest Bancorp has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
PACW Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- PacWest Bancorp's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- PacWest Bancorp's earnings growth is positive but not above the United States of America market average.
- PacWest Bancorp's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:PACW Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts | 0.9% |
| NasdaqGS:PACW Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts | 3.9% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1,216 | 458 | 7 | |
| 2019-12-31 | 1,171 | 453 | 7 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,135 | 624 | 455 |
| 2018-12-31 | 1,145 | 608 | 460 |
| 2018-09-30 | 1,145 | 590 | 429 |
| 2018-06-30 | 1,117 | 605 | 415 |
| 2018-03-31 | 1,091 | 477 | 393 |
| 2017-12-31 | 1,042 | 484 | 354 |
| 2017-09-30 | 1,021 | 509 | 355 |
| 2017-06-30 | 1,016 | 493 | 348 |
| 2017-03-31 | 992 | 592 | 336 |
| 2016-12-31 | 1,008 | 581 | 348 |
| 2016-09-30 | 994 | 621 | 335 |
| 2016-06-30 | 941 | 588 | 311 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
All data from PacWest Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3.91 | 4.05 | 3.75 | 11.00 |
| 2019-12-31 | 3.78 | 3.89 | 3.69 | 11.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.72 |
| 2018-12-31 | 3.72 |
| 2018-09-30 | 3.44 |
| 2018-06-30 | 3.34 |
| 2018-03-31 | 3.19 |
| 2017-12-31 | 2.91 |
| 2017-09-30 | 2.96 |
| 2017-06-30 | 2.90 |
| 2017-03-31 | 2.80 |
| 2016-12-31 | 2.90 |
| 2016-09-30 | 2.79 |
| 2016-06-30 | 2.69 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if PacWest Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess PacWest Bancorp's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
PacWest Bancorp has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
PACW Past Performance
How has PacWest Bancorp performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- PacWest Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
- PacWest Bancorp's 1-year earnings growth is less than its 5-year average (15.6% vs 23.7%)
- PacWest Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (15.6% vs 39.5%).
Earnings and Revenue History
All data from PacWest Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,135.43 | 454.50 | 407.87 | |
| 2018-12-31 | 1,144.55 | 460.22 | 406.34 | |
| 2018-09-30 | 1,144.60 | 429.49 | 407.10 | |
| 2018-06-30 | 1,116.83 | 414.94 | 396.57 | |
| 2018-03-31 | 1,090.61 | 393.13 | 388.34 | |
| 2017-12-31 | 1,042.39 | 353.63 | 380.13 | |
| 2017-09-30 | 1,021.03 | 355.18 | 372.66 | |
| 2017-06-30 | 1,016.16 | 347.72 | 370.81 | |
| 2017-03-31 | 992.48 | 336.46 | 366.87 | |
| 2016-12-31 | 1,008.04 | 348.18 | 362.56 | |
| 2016-09-30 | 994.34 | 334.70 | 352.54 | |
| 2016-06-30 | 940.79 | 310.82 | 331.51 | |
| 2016-03-31 | 914.59 | 313.86 | 313.27 | |
| 2015-12-31 | 862.18 | 296.73 | 294.04 | |
| 2015-09-30 | 824.02 | 295.81 | 276.23 | |
| 2015-06-30 | 824.09 | 288.40 | 274.06 | |
| 2015-03-31 | 802.73 | 215.00 | 269.80 | |
| 2014-12-31 | 687.80 | 168.51 | 241.12 | |
| 2014-09-30 | 561.14 | 101.75 | 213.34 | |
| 2014-06-30 | 453.12 | 63.55 | 186.00 | |
| 2014-03-31 | 328.62 | 56.98 | 155.43 | |
| 2013-12-31 | 306.17 | 44.38 | 152.77 | |
| 2013-09-30 | 302.25 | 60.11 | 149.37 | |
| 2013-06-30 | 289.13 | 52.28 | 145.48 | |
| 2013-03-31 | 291.76 | 62.98 | 146.48 | |
| 2012-12-31 | 305.16 | 54.96 | 138.10 | |
| 2012-09-30 | 295.55 | 49.15 | 143.85 | |
| 2012-06-30 | 288.32 | 46.31 | 142.14 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- PacWest Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- PacWest Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if PacWest Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess PacWest Bancorp's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
PacWest Bancorp has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
PACW Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from PacWest Bancorp Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 4,790.98 | 2,075.94 | 482.12 |
| 2018-12-31 | 4,825.59 | 1,824.96 | 313.56 |
| 2018-09-30 | 4,741.69 | 1,966.11 | 302.59 |
| 2018-06-30 | 4,777.96 | 1,639.10 | 368.47 |
| 2018-03-31 | 4,867.49 | 1,027.51 | 463.40 |
| 2017-12-31 | 4,977.60 | 929.78 | 326.00 |
| 2017-09-30 | 4,610.67 | 698.53 | 270.02 |
| 2017-06-30 | 4,559.91 | 663.20 | 287.48 |
| 2017-03-31 | 4,508.11 | 903.13 | 296.50 |
| 2016-12-31 | 4,479.06 | 1,346.56 | 351.97 |
| 2016-09-30 | 4,542.60 | 982.12 | 540.37 |
| 2016-06-30 | 4,513.30 | 1,357.53 | 445.35 |
| 2016-03-31 | 4,456.59 | 990.12 | 519.52 |
| 2015-12-31 | 4,397.69 | 1,057.91 | 368.79 |
| 2015-09-30 | 3,581.70 | 987.91 | 236.29 |
| 2015-06-30 | 3,551.49 | 436.70 | 640.63 |
| 2015-03-31 | 3,533.36 | 1,049.60 | 391.85 |
| 2014-12-31 | 3,506.23 | 816.99 | 303.23 |
| 2014-09-30 | 3,478.25 | 797.22 | 260.86 |
| 2014-06-30 | 3,437.93 | 439.47 | 363.37 |
| 2014-03-31 | 833.70 | 138.54 | 342.09 |
| 2013-12-31 | 809.09 | 246.37 | 134.32 |
| 2013-09-30 | 816.29 | 140.74 | 144.02 |
| 2013-06-30 | 801.70 | 142.05 | 218.83 |
| 2013-03-31 | 589.80 | 119.45 | 131.68 |
| 2012-12-31 | 589.12 | 120.84 | 159.40 |
| 2012-09-30 | 584.09 | 126.25 | 160.41 |
| 2012-06-30 | 565.65 | 123.80 | 123.47 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- PacWest Bancorp has an acceptable proportion of non-loan assets held.
- PacWest Bancorp's liabilities are made up of primarily low risk sources of funding.
- Loans at PacWest Bancorp are broadly funded by customer deposits.
- PacWest Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- PacWest Bancorp has a sufficient allowance for bad loans.
- PacWest Bancorp has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess PacWest Bancorp's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) PacWest Bancorp has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
PACW Dividends
What is PacWest Bancorp's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
PacWest Bancorp
shares you are expected to receive
$125
in your first year as a dividend.
Dividend Amount
- PacWest Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- PacWest Bancorp's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 478 Stocks | 2.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 2.46 | 10.00 |
| 2019-12-31 | 2.44 | 10.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-01 | 2.400 | 6.263 |
| 2019-02-01 | 2.400 | 6.080 |
| 2018-11-01 | 2.400 | 6.457 |
| 2018-08-01 | 2.400 | 5.035 |
| 2018-04-24 | 2.400 | 4.595 |
| 2018-02-01 | 2.000 | 3.897 |
| 2017-11-01 | 2.000 | 4.093 |
| 2017-08-01 | 2.000 | 4.253 |
| 2017-05-01 | 2.000 | 4.181 |
| 2017-02-01 | 2.000 | 3.753 |
| 2016-11-01 | 2.000 | 3.843 |
| 2016-08-01 | 2.000 | 4.712 |
| 2016-07-15 | 2.000 | 4.883 |
| 2016-02-01 | 2.000 | 5.358 |
| 2015-11-02 | 2.000 | 4.722 |
| 2015-08-06 | 2.000 | 4.568 |
| 2015-05-13 | 2.000 | 4.293 |
| 2015-02-11 | 2.000 | 4.349 |
| 2014-11-05 | 2.000 | 4.431 |
| 2014-08-06 | 1.000 | 2.414 |
| 2014-06-02 | 1.000 | 2.360 |
| 2014-02-12 | 1.000 | 2.406 |
| 2013-11-06 | 1.000 | 2.430 |
| 2013-08-07 | 1.000 | 2.848 |
| 2013-04-26 | 1.000 | 3.325 |
| 2013-02-13 | 1.000 | 3.603 |
| 2012-11-05 | 1.000 | 3.952 |
| 2012-08-08 | 0.720 | 3.074 |
| 2012-05-10 | 0.720 | 3.096 |
| 2012-02-09 | 0.720 | 3.090 |
| 2011-11-07 | 0.720 | 3.697 |
| 2011-08-10 | 0.040 | 0.255 |
| 2011-05-11 | 0.040 | 0.200 |
| 2011-02-16 | 0.040 | 0.187 |
| 2010-11-03 | 0.040 | 0.202 |
| 2010-08-11 | 0.040 | 0.218 |
| 2010-05-12 | 0.040 | 0.198 |
| 2010-02-17 | 0.040 | 0.180 |
| 2009-11-04 | 0.040 | 0.210 |
| 2009-08-12 | 0.040 | 0.215 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
PacWest Bancorp's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.5x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess PacWest Bancorp's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can PacWest Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) PacWest Bancorp has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
PACW Management
CEO
| COMPENSATION | $6,238,560 |
| AGE | 61 |
| TENURE AS CEO | 18.8 years |
CEO Bio
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 also serves as Director of Pacific Western Bank . Mr. Wagner served as a Director of Guaranty Bancorp from 2004 to 2010. From 1996 to 1999, Mr. Wagner was President and Chief Executive Officer of Western Bancorp. Prior to this, Mr. Wagner served as an Executive Vice President with U.S. Bancorp in Minneapolis, Minnesota, from 1990 to 1996, and as a Senior Vice President, from 1985 to 1990.
CEO Compensation
- Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
- Matt's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the PacWest Bancorp management team in years:
- The tenure for the PacWest Bancorp management team is about average.
Management Team
Matt Wagner
President
$6M
61
18.8 yrs
Pat Rusnak
Executive VP & CFO
$2M
54
3.8 yrs
Mark Yung
Executive VP
$143K
44
0.1 yrs
Jim Pieczynski
Executive VP & Vice Chairman
$3M
55
5.4 yrs
Bryan Corsini
Chief Credit Officer & Executive VP
$2M
56
5.4 yrs
Laird Boulden
Executive VP & President of National Lending Group
$2M
60
5.2 yrs
Bart Olson
Executive VP & Chief Accounting Officer
49
2.3 yrs
Kori Ogrosky
Executive VP
48
Rebecca Cordes
Executive Vice President of Human Resources
62
0.5 yrs
Christopher Blake
Executive VP
$2M
58
1.4 yrs
Board of Directors Tenure
Average tenure and age of the PacWest Bancorp board of directors in years:
- The average tenure for the PacWest Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
John Eggemeyer
Chairman of the Board
$292K
72
19 yrs
Matt Wagner
President
$6M
61
19.4 yrs
Mark Yung
Executive VP
$143K
44
2.1 yrs
Jim Pieczynski
Executive VP & Vice Chairman
$3M
55
5.2 yrs
Robert Stine
Director
$183K
71
19.4 yrs
Susan Lester
Director
$183K
61
16.4 yrs
Craig Carlson
Director
$183K
68
8.6 yrs
Paul Burke
Director
$183K
55
3.7 yrs
Bill Hosler
Lead Independent Director
$183K
55
2.1 yrs
Daniel Platt
Director
$143K
71
16.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Nov 18 | Buy | James Pieczynski | Individual | 28. Nov 18 | 28. Nov 18 | 10,000 | $39.72 | $397,187 | ||
| 02. Nov 18 | Buy | John Eggemeyer | Individual | 01. Nov 18 | 01. Nov 18 | 10,000 | $41.23 | $412,306 | ||
| 30. Oct 18 | Buy | Matthew Wagner | Individual | 29. Oct 18 | 29. Oct 18 | 20,925 | $39.01 | $816,201 | ||
| 17. Sep 18 | Buy | Tanya Acker | Individual | 14. Sep 18 | 14. Sep 18 | 1,000 | $50.26 | $50,259 | ||
Management checks
We assess PacWest Bancorp's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) PacWest Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
PACW News
Simply Wall St News
Imagine Owning PacWest Bancorp (NASDAQ:PACW) And Wondering If The 30% Share Price Slide Is Justified
That downside risk was realized by PacWest Bancorp (NASDAQ:PACW) shareholders over the last year, as the share price declined 30%. … Check out our latest analysis for PacWest Bancorp While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … Even though the PacWest Bancorp share price is down over the year, its EPS actually improved.
Simply Wall St - – Full articleWhat You Must Know About PacWest Bancorp's (NASDAQ:PACW) Beta Value
If you own shares in PacWest Bancorp (NASDAQ:PACW) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … If this beta value holds true in the future, PacWest Bancorp shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Since PacWest Bancorp tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.
Simply Wall St - – Full articleIs PacWest Bancorp's (NASDAQ:PACW) CEO Paid At A Competitive Rate?
Matt Wagner became the CEO of PacWest Bancorp (NASDAQ:PACW) in 2000. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Matt Wagner's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleYou Have To Love PacWest Bancorp's (NASDAQ:PACW) Dividend
Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With PacWest Bancorp yielding 6.1% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.
Simply Wall St - – Full articleAt US$39.86, Is PacWest Bancorp (NASDAQ:PACW) Worth Looking At Closely?
saw a significant share price rise of over 20% in the past couple of months on the NASDAQGS. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine PacWest Bancorp’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleWhy PacWest Bancorp (NASDAQ:PACW) May Not Be As Risky Than You Think
As a small-cap bank with a market capitalisation of US$4.3b, PacWest Bancorp’s (NASDAQ:PACW) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off PacWest Bancorp’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of PacWest Bancorp's a stock investment.
Simply Wall St - – Full articleThose Who Purchased PacWest Bancorp (NASDAQ:PACW) Shares A Year Ago Have A 26% Loss To Show For It
Investors in PacWest Bancorp (NASDAQ:PACW) have tasted that bitter downside in the last year, as the share price dropped 26%. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the unfortunate twelve months during which the PacWest Bancorp share price fell, it actually saw its earnings per share (EPS) improve by 28%.
Simply Wall St - – Full articleIs PacWest Bancorp's (NASDAQ:PACW) P/E Ratio Really That Good?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … PacWest Bancorp has a price to earnings ratio of 11.08, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articlePacWest Bancorp (NASDAQ:PACW): Ex-Dividend Is In 2 Days
On the 28 February 2019, PacWest Bancorp (NASDAQ:PACW) will be paying shareholders an upcoming dividend amount of US$0.60 per share. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … consistent, reliable and competitive dividend over a long period of time, and is expected to continue to pay in the same manner many years to come.
Simply Wall St - – Full articleWhy PacWest Bancorp's (NASDAQ:PACW) CEO Pay Matters To You
Matt Wagner became the CEO of PacWest Bancorp (NASDAQ:PACW) in 2000. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Matt Wagner's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articlePACW Company Info
Description
PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial 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, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the start-up operations of entrepreneurial companies; and equipment-secured loans and leases. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management services; treasury and cash management services; telephone banking, and online and mobile banking services; and foreign exchange and ATM services. The company offers its products and services to small and mid-sized companies, entrepreneurial businesses and their venture capital, private equity investors, professionals, and other individuals. As of January 31, 2019, it had 74 full-service branches located throughout the state of California; and 1 branch in Durham, North Carolina. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.
Details
| Name: | PacWest Bancorp |
| PACW | |
| Exchange: | NasdaqGS |
| Founded: | 1999 |
| $4,553,607,046 | |
| 118,614,406 | |
| Website: | http://www.pacwestbancorp.com |
| Address: |
PacWest Bancorp 9701 Wilshire Boulevard, Suite 700, Beverly Hills, California, 90212, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | PACW | Common Stock | Nasdaq Global Select | US | USD | 05. Jun 2000 | |
| DB | F8B | Common Stock | Deutsche Boerse AG | DE | EUR | 05. Jun 2000 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/16 00:22 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/05/31 |
| Last earnings filing: | 2019/05/09 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
