PacWest Bancorp (PACW) Stake Boosted by Prudential Financial Inc

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18 September, 2017

Natixis holds 0% in PacWest Bancorp (NASDAQ:PACW) or 5,050 shares. The company has market cap of $263.29 million. The stock decreased 0.87% or $0.4 during the last trading session, reaching $45.76. IDEX Corporation (NYSE:IEX) has risen 30.97% since September 15, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

Cardinal Capital Management Llc increased Pacwest Bancorp Del (PACW) stake by 0.38% reported in 2016Q4 SEC filing. Silvercrest Asset Mgmt Group Ltd Liability holds 1.45% or 2.38 million shares. Town & Country Bancorporation Dba First Bankers Trust holds 0.73% or 36,413 shares.

The analysts offering 12 month price targets for PacWest Bancorp have a median target of $54.5, with a high estimate of $58 and a low estimate of $49.

According to Zacks brokerage recommendations, PacWest Bancorp (NASDAQ:PACW)'s Buy count is 0 and Strong Buy is 8 while the number of analysts recommending Sell and Strong Sell are 0 and 3, respectively. About 957,347 shares traded or 51.25% up from the average. It has outperformed by 2.21% the S&P500.

PacWest Bancorp (NASDAQ:PACW) last issued its quarterly earnings results on Tuesday, July 18th. Therefore 57% are positive. On average, analysts anticipate that PacWest Bancorp will post $2.95 EPS for the current year. (NYSE:JPM) earned "Buy" rating by Argus Research on Wednesday, October 14.

Analysts await PacWest Bancorp (NASDAQ:PACW) to report earnings on October, 17. The stock of PacWest Bancorp (NASDAQ:PACW) has "Market Perform" rating given on Thursday, January 14 by BMO Capital Markets. BidaskClub lowered PacWest Bancorp from a "sell" rating to a "strong sell" rating in a research report on Friday, July 28th. The rating was downgraded by J.P. Morgan to "Hold" on Tuesday, July 18. The rating was maintained by Piper Jaffray on Monday, August 14 with "Buy". The company was maintained on Friday, July 7 by BMO Capital Markets. The company was upgraded on Wednesday, August 10 by Morgan Stanley. As per Thursday, March 24, the company rating was maintained by Wood.

Alico, Inc.is an agribusiness and natural resources management company. It also upped Snap On Inc (NYSE:SNA) stake by 64,045 shares and now owns 316,900 shares. After having $0.77 EPS previously, PacWest Bancorp's analysts see -1.30% EPS growth. During the same period in the prior year, the business posted $0.70 earnings per share. PACW's profit will be $91.17 million for 15.03 P/E if the $0.76 EPS becomes a reality.

PacWest Bancorp (NASDAQ:PACW) was down -1.25% (-$0.57) to $45.19 and showed a volume of 0.68 mln shares. Nasdaq.com's article titled: "PacWest Bancorp is Now Oversold (PACW)" and published on August 17, 2017 is yet another important article.

Investors sentiment increased to 1.24 in Q4 2016. Its up 0.10, from 0.73 in 2016Q3. It is positive, as 26 investors sold PacWest Bancorp shares while 114 reduced holdings. 114 funds opened positions while 214 raised stakes. (OPTT) exchanged hands at an unexpectedly low level of 0.63 million shares over the course of the day. 455 were accumulated by Alexandria Limited Liability. Ny State Common Retirement Fund accumulated 0.03% or 391,613 shares. PacWest Bancorp earned a daily sentiment score of 0.02 on Accern's scale. Edge Asset Mngmt holds 1.52M shares or 0.64% of its portfolio. First Interstate Bank & Trust owns 3,950 shares or 0.04% of their United States portfolio. Oakworth owns 308 shares or 0.01% of their USA portfolio. Fincl Bank Of America De has 0.01% invested in IDEX Corporation (NYSE:IEX) for 352,646 shares. Metropolitan Life Ins New York holds 112,339 shares. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). Whittier Trust invested in 70 shares. Rhumbline Advisers holds 210,501 shares or 0.03% of its portfolio. Wealthtrust stated it has 0.01% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Pinebridge Limited Partnership holds 0.1% or 63,160 shares. The fund owned 605,314 shares of the financial services provider's stock after acquiring an additional 423,590 shares during the quarter. Ubs Asset Americas Inc reported 0.01% in IDEX Corporation (NYSE:IEX). Over the last three months, insiders sold 46,124 shares of company stock valued at $2,442,303. After $3.37 actual earnings per share reported by Anthem Inc for the previous quarter, Wall Street now forecasts -27.89% negative EPS growth. IDEX Corporation had 31 analyst reports since September 29, 2015 according to SRatingsIntel. The stock has "Buy" rating by RBC Capital Markets on Friday, August 18. The firm has "Overweight" rating by Piper Jaffray given on Tuesday, October 13. BMO Capital Markets has "Hold" rating and $104 target. Smith Graham And Inv Advsr Lp reported 157,533 shares stake. The ex-dividend date of this dividend is Thursday, February 16th. On Wednesday, December 7 the stock rating was initiated by Raymond James with "Outperform". Jefferies maintained Anthem Inc (NYSE:ANTM) on Wednesday, June 7 with "Hold" rating.

Cypress Capital Group decreased Bristol Myers Squibb Co (NYSE:BMY) stake by 9,693 shares to 82,247 valued at $4.81 million in 2016Q4.


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