Stock Analysis Report

Header cover image

Executive Summary

PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial banking products and services.

Snowflake Analysis

Flawless balance sheet average dividend payer.

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's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: PACW underperformed the US Banks industry which returned -27.8% over the past year.

Return vs Market: PACW underperformed the US Market which returned 4.8% over the past year.

Shareholder returns

7 Day0.8%-4.6%1.6%
30 Day4.7%-5.4%2.3%
90 Day16.9%15.3%29.5%
1 Year-48.1%-51.4%-25.2%-27.8%7.1%4.8%
3 Year-52.9%-60.0%-17.8%-24.4%37.1%28.1%
5 Year-47.8%-59.6%10.0%-3.3%67.2%48.6%

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


Is PacWest Bancorp undervalued compared to its fair value and its price relative to the market?


Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PACW's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PACW's fair value to establish if it is undervalued.

Price To Earnings Ratio

PE vs Industry: PACW is unprofitable, so we can't compare its PE Ratio to the 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 is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).

Next Steps

Future Growth

How is PacWest Bancorp forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?


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 (0.06% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: PACW's revenue (0.06% 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?


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 -8.5% 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 (1.9%).

Return on Equity

High ROE: PACW has a negative Return on Equity (-31.77%), 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 (7.7x) is low.

Allowance for Bad Loans: PACW has a sufficient allowance for bad loans (231%).

Low Risk Liabilities: 86% 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 (75%).

Low Risk Deposits: PACW's Loans to Deposits ratio (100%) is appropriate.

Level of Bad Loans: PACW has an appropriate level of bad loans (0.5%).

Next Steps


What is PacWest Bancorp current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PACW's dividend (5.36%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: PACW's dividend (5.36%) is in the top 25% of dividend payers in the US market (4.51%)

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 covered by earnings (51.8% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Matt Wagner (63yo)





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 ($USD7.06M) is above average for companies of similar size in the US market ($USD4.72M).

Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.

Leadership Team

Matthew Wagner
President19.83yrsUS$7.06m0.61% $13.3m
Patrick Rusnak
Executive VP & CFO4.92yrsUS$3.03m0.10% $2.2m
Mark Yung
Executive VP3.17yrsUS$3.66m0.074% $1.6m
Christopher Blake
Executive VP2.5yrsUS$2.34m0.066% $1.4m
Laird Boulden
Executive VP & Vice Chairman - Pacific Western Bank6.25yrsUS$2.37m0.062% $1.4m
Bart Olson
Executive VP & Chief Accounting Officer3.42yrsno data0.028% $600.2k
Kori Ogrosky
Executive VPno datano data0.061% $1.3m
Rebecca Cordes
Executive Vice President of Human Resources1.58yrsno data0.022% $474.4k
James Pieczynski
Executive VP6.25yrsUS$2.81m0.16% $3.5m
Stanley Ivie
Executive VP & Chief Risk Officer4.33yrsUS$2.84m0.047% $1.0m


Average Tenure


Average Age

Experienced Management: PACW's management team is considered experienced (4.3 years average tenure).

Board Members

Matthew Wagner
President19.83yrsUS$7.06m0.61% $13.3m
Mark Yung
Executive VP3.17yrsUS$3.66m0.074% $1.6m
James Pieczynski
Executive VP6.25yrsUS$2.81m0.16% $3.5m
C. Hosler
Lead Independent Director3.17yrsUS$182.97k0.043% $941.7k
Robert Stine
Independent Director20.5yrsUS$182.97k0.030% $653.2k
John Eggemeyer
Independent Chairman of the Board20.08yrsUS$291.98k0.19% $4.2m
Susan Lester
Independent Director17.5yrsUS$182.97k0.027% $586.5k
Daniel Platt
Independent Director17.5yrsUS$142.97k0.027% $587.4k
Paul Burke
Independent Director4.75yrsUS$182.97k0.035% $759.9k
Craig Carlson
Independent Director9.67yrsUS$182.97k0.014% $304.8k


Average Tenure


Average Age

Experienced Board: PACW's board of directors are seasoned and experienced ( 13.6 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: PACW 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$2.172b
  • Shares outstanding: 116.48m
  • Website:

Number of Employees


  • PacWest Bancorp
  • 9701 Wilshire Boulevard
  • Suite 700
  • Beverly Hills
  • California
  • 90212
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PACWNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 2000
F8BDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2000


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. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/03 00:00
End of Day Share Price2020/07/02 00:00
Annual Earnings2019/12/31

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.