PacWest Bancorp
Market Cap
US$4.5b
Last Updated
2019/12/14 00:45 UTC
Data Sources
Company Financials +
Executive Summary
PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial banking products and services.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -2.6% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.9%
PACW
1.3%
US Banks
0.6%
US Market
1 Year Return
15.5%
PACW
24.6%
US Banks
20.8%
US Market
Return vs Industry: PACW underperformed the US Banks industry which returned 24.6% over the past year.
Return vs Market: PACW underperformed the US Market which returned 20.8% over the past year.
Shareholder returns
| PACW | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 1.3% | 0.6% |
| 30 Day | -1.9% | 3.3% | 2.5% |
| 90 Day | -0.3% | 8.9% | 4.9% |
| 1 Year | 23.1%15.5% | 28.2%24.6% | 23.5%20.8% |
| 3 Year | -17.5%-29.2% | 26.0%17.2% | 46.5%37.0% |
| 5 Year | 8.0%-15.7% | 61.8%44.2% | 64.6%46.5% |
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
PacWest Bancorp (NASDAQ:PACW): What Does Its Beta Value Mean For Your Portfolio?1 month ago | Simply Wall St
Why You Might Be Interested In PacWest Bancorp (NASDAQ:PACW) For Its Upcoming Dividend1 month ago | Simply Wall St
Does PacWest Bancorp's (NASDAQ:PACW) P/E Ratio Signal A Buying Opportunity?Valuation
Is PacWest Bancorp undervalued compared to its fair value and its price relative to the market?
38.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PACW ($38.1) is trading below our estimate of fair value ($61.8)
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 (9.9x) compared to the Banks industry average (12.9x).
PE vs Market: PACW is good value based on its PE Ratio (9.9x) compared to the US market (18.6x).
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 good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is PacWest Bancorp forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
-2.6%
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 (-2.6% per year).
Earnings vs Market: PACW's earnings are forecast to decline over the next 3 years (-2.6% per year).
High Growth Earnings: PACW's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PACW's revenue (1.2% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: PACW's revenue (1.2% 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 (8.5%).
Next Steps
Past Performance
How has PacWest Bancorp performed over the past 5 years?
17.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PACW has high quality earnings.
Growing Profit Margin: PACW's current net profit margins (40.2%) are higher than last year (37.8%).
Past Earnings Growth Analysis
Earnings Trend: PACW's earnings have grown by 17.2% per year over the past 5 years.
Accelerating Growth: PACW's earnings growth over the past year (7.3%) is below its 5-year average (17.2% per year).
Earnings vs Industry: PACW earnings growth over the past year (7.3%) underperformed the Banks industry 27.3%.
Return on Equity
High ROE: PACW's Return on Equity (9.5%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: PACW has a low level of unsold assets or inventory.
Debt Coverage by Assets: PACW's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: PACW's level of assets compared to its equity is low.
Allowance for Bad Loans: PACW has a sufficient allowance for bad loans.
Low Risk Liabilities: PACW's liabilities are made up of primarily low risk sources of funding.
Loan Level: PACW has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PACW's loans are broadly funded by customer deposits.
Level of Bad Loans: PACW has an appropriate level of bad loans (0.53%)
Next Steps
Dividend
What is PacWest Bancorp's current dividend yield, its reliability and sustainability?
6.30%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PACW's dividend (6.3%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: PACW's dividend (6.3%) is in the top 25% of dividend payers in the US market (3.71%)
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 reasonable payout ratio (62.4%), PACW's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PACW's dividends in 3 years are forecast to be covered by earnings (68.8% payout ratio).
Next Steps
Management
What is the CEO of PacWest Bancorp's salary, the management and board of directors tenure and is there insider trading?
4.3yrs
Average management tenure
CEO
Matt Wagner (62yo)
19.3yrs
Tenure
US$6,238,560
Compensation
Mr. Matthew P. Wagner, also known as Matt, has been President and Chief Executive Officer of PacWest Bancorp and Pacific Western Bank. Mr. Wagner is a Director of PacWest Bancorp since 2000. Mr. Wagner als ...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD6.24M) is about average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.3yrs
Average Tenure
56.5yo
Average Age
Experienced Management: PACW's management team is considered experienced (4.3 years average tenure).
Board Age and Tenure
13.0yrs
Average Tenure
62yo
Average Age
Experienced Board: PACW's board of directors are seasoned and experienced ( 13 years average tenure).
Insider Trading
Insider Buying: PACW insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP |
| Shares | 2,670 |
| Max Price | US$37.37 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 6,610 |
| Max Price | US$37.80 |
| Entity | Individual |
| Shares | 9,500 |
| Max Price | US$37.89 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Mark Yung (45yo)
Executive VP
- Tenure: 2.6yrs
- Compensation: US$142.99k
Pat Rusnak (55yo)
Executive VP & CFO
- Tenure: 4.3yrs
- Compensation: US$2.43m
Bryan Corsini (57yo)
Chief Credit Officer & Executive VP
- Tenure: 5.9yrs
- Compensation: US$1.73m
Christopher Blake (59yo)
Executive VP
- Tenure: 1.9yrs
- Compensation: US$2.03m
Matt Wagner (62yo)
President
- Tenure: 19.3yrs
- Compensation: US$6.24m
Jim Pieczynski (56yo)
Executive VP & Vice Chairman
- Tenure: 5.7yrs
- Compensation: US$2.81m
Laird Boulden (61yo)
Executive VP & President of National Lending Group
- Tenure: 5.7yrs
- Compensation: US$1.66m
Kori Ogrosky (49yo)
Executive VP
- Tenure: 0yrs
Rebecca Cordes (63yo)
Executive Vice President of Human Resources
- Tenure: 1yrs
Bart Olson (50yo)
Executive VP & Chief Accounting Officer
- Tenure: 2.8yrs
Board Members
Mark Yung (45yo)
Executive VP
- Tenure: 2.6yrs
- Compensation: US$142.99k
Bill Hosler (56yo)
Lead Independent Director
- Tenure: 2.6yrs
- Compensation: US$182.99k
Robert Stine (72yo)
Independent Director
- Tenure: 19.9yrs
- Compensation: US$182.99k
John Eggemeyer (73yo)
Chairman of the Board
- Tenure: 19.5yrs
- Compensation: US$291.98k
Matt Wagner (62yo)
President
- Tenure: 19.3yrs
- Compensation: US$6.24m
Jim Pieczynski (56yo)
Executive VP & Vice Chairman
- Tenure: 5.7yrs
- Compensation: US$2.81m
Susan Lester (62yo)
Independent Director
- Tenure: 16.9yrs
- Compensation: US$182.99k
Daniel Platt (72yo)
Independent Director
- Tenure: 16.9yrs
- Compensation: US$142.99k
Paul Burke (56yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: US$182.99k
Craig Carlson (69yo)
Independent Director
- Tenure: 9.1yrs
- Compensation: US$182.99k
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$4.504b
- Shares outstanding: 118.21m
- 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, a state chartered bank that provides commercial banking products and services. The company accepts demand, money market, and time d ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/14 00:45 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.