Gilman Hill Asset Management LLC increased its holdings in PacWest Bancorp (NASDAQ:PACW) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,258 shares of the financial services provider’s stock after acquiring an additional 7,017 shares during the period. Gilman Hill Asset Management LLC’s holdings in PacWest Bancorp were worth $2,806,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Dupont Capital Management Corp lifted its stake in PacWest Bancorp by 263.0% in the 2nd quarter. Dupont Capital Management Corp now owns 33,750 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 24,452 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of PacWest Bancorp by 49.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,721,300 shares of the financial services provider’s stock worth $30,845,000 after purchasing an additional 567,849 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of PacWest Bancorp by 43.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 103,963 shares of the financial services provider’s stock worth $2,049,000 after purchasing an additional 31,395 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of PacWest Bancorp by 36.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 28,500 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 7,600 shares in the last quarter. Finally, AXA raised its stake in shares of PacWest Bancorp by 140.9% during the 1st quarter. AXA now owns 162,400 shares of the financial services provider’s stock worth $2,911,000 after purchasing an additional 95,000 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on PACW. BidaskClub raised PacWest Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 7th. ValuEngine downgraded PacWest Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. PacWest Bancorp presently has a consensus rating of “Hold” and an average price target of $25.20.

Shares of NASDAQ PACW opened at $18.57 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -1.85 and a beta of 1.60. The business’s 50-day simple moving average is $18.26 and its 200-day simple moving average is $18.56. PacWest Bancorp has a 52 week low of $13.84 and a 52 week high of $40.14.

PacWest Bancorp (NASDAQ:PACW) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.25). PacWest Bancorp had a negative net margin of 90.52% and a positive return on equity of 7.15%. During the same period last year, the business posted $1.07 EPS. As a group, equities research analysts forecast that PacWest Bancorp will post 1.94 earnings per share for the current year.

PacWest Bancorp Company Profile

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 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 companies; and equipment-secured loans and leases.

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Institutional Ownership by Quarter for PacWest Bancorp (NASDAQ:PACW)

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