PacWest Bancorp (PACW) Shares Bought by Jane Street Group LLC

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Jane Street Group LLC lifted its position in PacWest Bancorp (NASDAQ:PACW) by 14.9% in the 4th quarter, HoldingsChannel reports. The fund owned 8,099 shares of the financial services provider’s stock after buying an additional 1,050 shares during the period. Jane Street Group LLC’s holdings in PacWest Bancorp were worth $270,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of PacWest Bancorp by 7.5% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,006 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 279 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of PacWest Bancorp by 2.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,334 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 300 shares in the last quarter. Arizona State Retirement System lifted its position in shares of PacWest Bancorp by 0.5% in the 4th quarter. Arizona State Retirement System now owns 87,399 shares of the financial services provider’s stock valued at $2,909,000 after acquiring an additional 468 shares in the last quarter. Lido Advisors LLC lifted its position in shares of PacWest Bancorp by 6.9% in the 4th quarter. Lido Advisors LLC now owns 8,630 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 555 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of PacWest Bancorp by 1.3% in the 4th quarter. Advisors Asset Management Inc. now owns 46,186 shares of the financial services provider’s stock valued at $1,537,000 after acquiring an additional 581 shares in the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.

Several brokerages recently commented on PACW. Zacks Investment Research downgraded shares of PacWest Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. BidaskClub upgraded shares of PacWest Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. JMP Securities reduced their price target on shares of PacWest Bancorp from $59.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, January 14th. TheStreet upgraded shares of PacWest Bancorp from a “c+” rating to a “b-” rating in a research note on Monday, February 25th. Finally, Keefe, Bruyette & Woods lowered shares of PacWest Bancorp from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $50.00 to $45.00 in a research note on Sunday, February 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.89.

PacWest Bancorp stock opened at $39.61 on Wednesday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 1.07 and a beta of 1.53. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.38. PacWest Bancorp has a twelve month low of $31.16 and a twelve month high of $55.86.

PacWest Bancorp (NASDAQ:PACW) last released its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. PacWest Bancorp had a net margin of 35.33% and a return on equity of 9.64%. During the same period last year, the firm posted $0.93 EPS. Equities research analysts forecast that PacWest Bancorp will post 3.77 earnings per share for the current year.

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PacWest Bancorp Profile

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.

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

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