Intrinsic value of PacWest Bancorp - PACW

Previous Close

$51.41

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

Previous close

$51.41

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as PACW.

We calculate the intrinsic value of PACW stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.20
  4.28
  4.35
  4.42
  4.48
  4.53
  4.57
  4.62
  4.66
  4.69
  4.72
  4.75
  4.77
  4.80
  4.82
  4.84
  4.85
  4.87
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
  4.95
  4.96
  4.96
Revenue, $m
  1,094
  1,141
  1,191
  1,243
  1,299
  1,358
  1,420
  1,485
  1,554
  1,627
  1,704
  1,785
  1,870
  1,960
  2,054
  2,154
  2,258
  2,368
  2,484
  2,605
  2,733
  2,867
  3,008
  3,157
  3,312
  3,476
  3,648
  3,829
  4,019
  4,218
Variable operating expenses, $m
  488
  509
  531
  554
  579
  605
  633
  662
  693
  726
  760
  796
  834
  874
  916
  961
  1,007
  1,056
  1,108
  1,162
  1,219
  1,279
  1,342
  1,408
  1,477
  1,550
  1,627
  1,708
  1,792
  1,881
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  488
  509
  531
  554
  579
  605
  633
  662
  693
  726
  760
  796
  834
  874
  916
  961
  1,007
  1,056
  1,108
  1,162
  1,219
  1,279
  1,342
  1,408
  1,477
  1,550
  1,627
  1,708
  1,792
  1,881
Operating income, $m
  606
  632
  660
  689
  720
  752
  787
  823
  861
  902
  944
  989
  1,036
  1,086
  1,138
  1,193
  1,251
  1,312
  1,376
  1,443
  1,514
  1,588
  1,667
  1,749
  1,835
  1,926
  2,021
  2,121
  2,226
  2,337
EBITDA, $m
  3,047
  3,177
  3,316
  3,462
  3,617
  3,781
  3,954
  4,136
  4,329
  4,532
  4,746
  4,971
  5,208
  5,458
  5,721
  5,998
  6,289
  6,595
  6,917
  7,255
  7,611
  7,985
  8,378
  8,790
  9,224
  9,680
  10,159
  10,663
  11,191
  11,747
Interest expense (income), $m
  54
  1,140
  1,071
  1,111
  1,154
  1,200
  1,248
  1,299
  1,353
  1,410
  1,470
  1,533
  1,600
  1,670
  1,744
  1,822
  1,904
  1,990
  2,081
  2,176
  2,277
  2,382
  2,493
  2,609
  2,732
  2,861
  2,996
  3,138
  3,287
  3,444
  3,609
Earnings before tax, $m
  -534
  -439
  -452
  -466
  -481
  -496
  -513
  -530
  -549
  -569
  -589
  -611
  -634
  -658
  -684
  -711
  -739
  -769
  -800
  -833
  -868
  -905
  -943
  -983
  -1,026
  -1,070
  -1,117
  -1,166
  -1,218
  -1,272
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -534
  -439
  -452
  -466
  -481
  -496
  -513
  -530
  -549
  -569
  -589
  -611
  -634
  -658
  -684
  -711
  -739
  -769
  -800
  -833
  -868
  -905
  -943
  -983
  -1,026
  -1,070
  -1,117
  -1,166
  -1,218
  -1,272

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  19,538
  20,374
  21,260
  22,199
  23,193
  24,243
  25,352
  26,523
  27,757
  29,059
  30,431
  31,876
  33,398
  35,000
  36,686
  38,460
  40,326
  42,288
  44,352
  46,522
  48,803
  51,200
  53,720
  56,367
  59,150
  62,073
  65,145
  68,372
  71,762
  75,323
Adjusted assets (=assets-cash), $m
  19,538
  20,374
  21,260
  22,199
  23,193
  24,243
  25,352
  26,523
  27,757
  29,059
  30,431
  31,876
  33,398
  35,000
  36,686
  38,460
  40,326
  42,288
  44,352
  46,522
  48,803
  51,200
  53,720
  56,367
  59,150
  62,073
  65,145
  68,372
  71,762
  75,323
Revenue / Adjusted assets
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
  0.056
Average production assets, $m
  24,407
  25,452
  26,559
  27,733
  28,974
  30,285
  31,671
  33,133
  34,676
  36,302
  38,016
  39,821
  41,722
  43,724
  45,830
  48,046
  50,377
  52,829
  55,407
  58,117
  60,966
  63,961
  67,109
  70,417
  73,893
  77,545
  81,382
  85,413
  89,648
  94,097
Working capital, $m
  -18,113
  -18,888
  -19,710
  -20,581
  -21,502
  -22,475
  -23,503
  -24,589
  -25,733
  -26,940
  -28,212
  -29,552
  -30,963
  -32,448
  -34,011
  -35,655
  -37,385
  -39,205
  -41,118
  -43,129
  -45,244
  -47,466
  -49,802
  -52,257
  -54,837
  -57,547
  -60,395
  -63,386
  -66,529
  -69,830
Total debt, $m
  19,828
  20,580
  21,378
  22,224
  23,118
  24,063
  25,061
  26,114
  27,226
  28,397
  29,632
  30,933
  32,302
  33,744
  35,261
  36,858
  38,537
  40,304
  42,161
  44,114
  46,166
  48,324
  50,592
  52,975
  55,479
  58,110
  60,875
  63,779
  66,830
  70,035
Total liabilities, $m
  17,584
  18,336
  19,134
  19,979
  20,874
  21,819
  22,817
  23,870
  24,982
  26,153
  27,388
  28,689
  30,058
  31,500
  33,017
  34,614
  36,293
  38,060
  39,917
  41,870
  43,922
  46,080
  48,348
  50,731
  53,235
  55,866
  58,630
  61,535
  64,586
  67,791
Total equity, $m
  1,954
  2,037
  2,126
  2,220
  2,319
  2,424
  2,535
  2,652
  2,776
  2,906
  3,043
  3,188
  3,340
  3,500
  3,669
  3,846
  4,033
  4,229
  4,435
  4,652
  4,880
  5,120
  5,372
  5,637
  5,915
  6,207
  6,514
  6,837
  7,176
  7,532
Total liabilities and equity, $m
  19,538
  20,373
  21,260
  22,199
  23,193
  24,243
  25,352
  26,522
  27,758
  29,059
  30,431
  31,877
  33,398
  35,000
  36,686
  38,460
  40,326
  42,289
  44,352
  46,522
  48,802
  51,200
  53,720
  56,368
  59,150
  62,073
  65,144
  68,372
  71,762
  75,323
Debt-to-equity ratio
  10.150
  10.100
  10.060
  10.010
  9.970
  9.930
  9.890
  9.850
  9.810
  9.770
  9.740
  9.700
  9.670
  9.640
  9.610
  9.580
  9.560
  9.530
  9.510
  9.480
  9.460
  9.440
  9.420
  9.400
  9.380
  9.360
  9.340
  9.330
  9.310
  9.300
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -534
  -439
  -452
  -466
  -481
  -496
  -513
  -530
  -549
  -569
  -589
  -611
  -634
  -658
  -684
  -711
  -739
  -769
  -800
  -833
  -868
  -905
  -943
  -983
  -1,026
  -1,070
  -1,117
  -1,166
  -1,218
  -1,272
Depreciation, amort., depletion, $m
  2,441
  2,545
  2,656
  2,773
  2,897
  3,029
  3,167
  3,313
  3,468
  3,630
  3,802
  3,982
  4,172
  4,372
  4,583
  4,805
  5,038
  5,283
  5,541
  5,812
  6,097
  6,396
  6,711
  7,042
  7,389
  7,755
  8,138
  8,541
  8,965
  9,410
Funds from operations, $m
  1,907
  2,107
  2,204
  2,308
  2,417
  2,532
  2,654
  2,783
  2,919
  3,062
  3,212
  3,371
  3,538
  3,714
  3,899
  4,094
  4,298
  4,514
  4,740
  4,978
  5,229
  5,492
  5,768
  6,058
  6,364
  6,684
  7,021
  7,375
  7,747
  8,138
Change in working capital, $m
  -730
  -775
  -822
  -871
  -921
  -974
  -1,028
  -1,085
  -1,145
  -1,207
  -1,272
  -1,340
  -1,411
  -1,485
  -1,563
  -1,645
  -1,730
  -1,819
  -1,913
  -2,011
  -2,115
  -2,223
  -2,336
  -2,455
  -2,580
  -2,710
  -2,848
  -2,992
  -3,143
  -3,301
Cash from operations, $m
  2,637
  2,882
  3,026
  3,178
  3,338
  3,506
  3,682
  3,868
  4,063
  4,268
  4,484
  4,711
  4,949
  5,199
  5,462
  5,738
  6,028
  6,333
  6,653
  6,990
  7,343
  7,714
  8,104
  8,513
  8,943
  9,395
  9,869
  10,367
  10,890
  11,439
Maintenance CAPEX, $m
  -2,343
  -2,441
  -2,545
  -2,656
  -2,773
  -2,897
  -3,029
  -3,167
  -3,313
  -3,468
  -3,630
  -3,802
  -3,982
  -4,172
  -4,372
  -4,583
  -4,805
  -5,038
  -5,283
  -5,541
  -5,812
  -6,097
  -6,396
  -6,711
  -7,042
  -7,389
  -7,755
  -8,138
  -8,541
  -8,965
New CAPEX, $m
  -975
  -1,045
  -1,108
  -1,173
  -1,241
  -1,312
  -1,386
  -1,462
  -1,543
  -1,626
  -1,714
  -1,805
  -1,901
  -2,001
  -2,106
  -2,216
  -2,331
  -2,452
  -2,578
  -2,710
  -2,849
  -2,995
  -3,148
  -3,308
  -3,476
  -3,652
  -3,837
  -4,031
  -4,235
  -4,449
Cash from investing activities, $m
  -3,318
  -3,486
  -3,653
  -3,829
  -4,014
  -4,209
  -4,415
  -4,629
  -4,856
  -5,094
  -5,344
  -5,607
  -5,883
  -6,173
  -6,478
  -6,799
  -7,136
  -7,490
  -7,861
  -8,251
  -8,661
  -9,092
  -9,544
  -10,019
  -10,518
  -11,041
  -11,592
  -12,169
  -12,776
  -13,414
Free cash flow, $m
  -681
  -604
  -627
  -651
  -676
  -703
  -732
  -761
  -793
  -825
  -860
  -896
  -934
  -974
  -1,017
  -1,061
  -1,107
  -1,156
  -1,207
  -1,261
  -1,318
  -1,377
  -1,440
  -1,505
  -1,574
  -1,647
  -1,723
  -1,803
  -1,886
  -1,974
Issuance/(repayment) of debt, $m
  -1,282
  753
  798
  845
  894
  945
  998
  1,054
  1,111
  1,172
  1,235
  1,301
  1,370
  1,442
  1,517
  1,596
  1,679
  1,766
  1,857
  1,953
  2,053
  2,158
  2,268
  2,383
  2,504
  2,631
  2,764
  2,904
  3,051
  3,205
Issuance/(repurchase) of shares, $m
  2,488
  522
  540
  560
  580
  601
  624
  648
  673
  699
  727
  756
  786
  819
  853
  888
  926
  965
  1,007
  1,050
  1,096
  1,144
  1,195
  1,248
  1,304
  1,362
  1,424
  1,489
  1,557
  1,628
Cash from financing (excl. dividends), $m  
  1,206
  1,275
  1,338
  1,405
  1,474
  1,546
  1,622
  1,702
  1,784
  1,871
  1,962
  2,057
  2,156
  2,261
  2,370
  2,484
  2,605
  2,731
  2,864
  3,003
  3,149
  3,302
  3,463
  3,631
  3,808
  3,993
  4,188
  4,393
  4,608
  4,833
Total cash flow (excl. dividends), $m
  525
  671
  712
  754
  797
  843
  890
  940
  991
  1,045
  1,101
  1,160
  1,222
  1,286
  1,353
  1,424
  1,498
  1,575
  1,657
  1,742
  1,831
  1,925
  2,023
  2,126
  2,234
  2,347
  2,466
  2,590
  2,721
  2,859
Retained Cash Flow (-), $m
  -2,488
  -522
  -540
  -560
  -580
  -601
  -624
  -648
  -673
  -699
  -727
  -756
  -786
  -819
  -853
  -888
  -926
  -965
  -1,007
  -1,050
  -1,096
  -1,144
  -1,195
  -1,248
  -1,304
  -1,362
  -1,424
  -1,489
  -1,557
  -1,628
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  25
  26
  27
  29
  30
  31
  33
  34
  36
  37
  39
  41
  43
  45
  47
  49
  52
  54
  57
  60
  63
  66
  69
  72
  76
  79
  83
  88
  92
  96
Cash available for distribution, $m
  -1,963
  149
  171
  194
  218
  242
  267
  292
  319
  346
  375
  404
  435
  467
  501
  536
  572
  610
  650
  691
  735
  780
  828
  878
  930
  984
  1,042
  1,102
  1,165
  1,231
Discount rate, %
  14.00
  14.70
  15.44
  16.21
  17.02
  17.87
  18.76
  19.70
  20.68
  21.72
  22.80
  23.94
  25.14
  26.40
  27.72
  29.10
  30.56
  32.09
  33.69
  35.38
  37.15
  39.00
  40.95
  43.00
  45.15
  47.41
  49.78
  52.27
  54.88
  57.63
PV of cash for distribution, $m
  -1,722
  113
  111
  106
  99
  90
  80
  69
  59
  49
  39
  31
  24
  18
  13
  9
  6
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  39.5
  31.2
  24.7
  19.6
  15.5
  12.4
  9.8
  7.9
  6.3
  5.0
  4.0
  3.2
  2.6
  2.1
  1.7
  1.4
  1.1
  0.9
  0.7
  0.6
  0.5
  0.4
  0.3
  0.2
  0.2
  0.2
  0.1
  0.1
  0.1

PacWest Bancorp is a bank holding company for Pacific Western Bank (the Bank). The Company is focused on relationship-based business banking to small, middle-market and venture-backed businesses. As of October 23, 2017, the Bank offered a range of loan and deposit products and services through 83 branches located throughout the state of California, one branch located in Durham, North Carolina, and several loan production offices located in cities across the country. The Company provides commercial banking services, and deposit and treasury management services to small and middle-market businesses. It offers products and services through its CapitalSource and Square 1 Bank divisions. In addition, the Company provides investment advisory and asset management services to select clients through Square 1 Asset Management, Inc., a subsidiary of the Bank.

FINANCIAL RATIOS  of  PacWest Bancorp (PACW)

Valuation Ratios
P/E Ratio 17.7
Price to Sales 0
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 10.7
Price to Free Cash Flow 12
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -18.9%
Cap. Spend. - 3 Yr. Gr. Rate 71.9%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 30.1%
Total Debt to Equity 30.1%
Interest Coverage 11
Management Effectiveness
Return On Assets 1.8%
Ret/ On Assets - 3 Yr. Avg. 1.8%
Return On Total Capital 6.2%
Ret/ On T. Cap. - 3 Yr. Avg. 6.2%
Return On Equity 7.9%
Return On Equity - 3 Yr. Avg. 7.8%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 36.9%
Eff/ Tax Rate - 3 Yr. Avg. 38.4%
Payout Ratio 69%

PACW stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PACW stock intrinsic value calculation we used $1050 million for the last fiscal year's total revenue generated by PacWest Bancorp. The default revenue input number comes from 2017 income statement of PacWest Bancorp. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PACW stock valuation model: a) initial revenue growth rate of 4.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 14%, whose default value for PACW is calculated based on our internal credit rating of PacWest Bancorp, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of PacWest Bancorp.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PACW stock the variable cost ratio is equal to 44.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for PACW stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for PacWest Bancorp.

Corporate tax rate of 27% is the nominal tax rate for PacWest Bancorp. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PACW stock is equal to 2.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PACW are equal to 2230.8%.

Life of production assets of 10 years is the average useful life of capital assets used in PacWest Bancorp operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PACW is equal to -1655.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for PacWest Bancorp - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 129 million for PacWest Bancorp is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of PacWest Bancorp at the current share price and the inputted number of shares is $6.6 billion.

RELATED COMPANIES Price Int.Val. Rating
PPBI Pacific Premie 38.30 134.45  str.buy
EWBC East West Banc 64.30 30.79  sell
SIVB SVB Financial 320.23 201.14  hold
CVBF CVB Financial 24.42 2.28  str.sell
BSRR Sierra Bancorp 29.48 14.33  sell

COMPANY NEWS

▶ Square 1 Bank Announces Credit Facility to DirectScale   [Aug-14-18 09:00AM  GlobeNewswire]
▶ PacWest Bancorp Announces Quarterly Dividend   [Aug-01-18 08:00AM  GlobeNewswire]
▶ PacWest: 2Q Earnings Snapshot   [07:09AM  Associated Press]
▶ Where to Invest for Peak Earnings   [May-01-18 08:24PM  Zacks]
▶ PacWest Bancorp Announces Increased Quarterly Dividend   [Apr-24-18 04:40PM  GlobeNewswire]
▶ Top Ranked Income Stocks to Buy for April 17th   [Apr-17-18 10:47AM  Zacks]
▶ PacWest: 1Q Earnings Snapshot   [07:09AM  Associated Press]
▶ Top Ranked Income Stocks to Buy for April 11th   [Apr-11-18 09:42AM  Zacks]
▶ Should You Buy PacWest Bancorp (NASDAQ:PACW) At $48.9?   [Apr-04-18 08:23AM  Simply Wall St.]
▶ PacWest Bancorp Announces Quarterly Dividend   [Feb-01-18 08:00AM  GlobeNewswire]
▶ PacWest misses Street 4Q forecasts   [Jan-18-18 07:43AM  Associated Press]
▶ Pacific Western Bank Increases Hourly Minimum Wage to $15   [Dec-26-17 12:43PM  GlobeNewswire]
▶ Is It The Right Time To Buy PacWest Bancorp (PACW)?   [Dec-11-17 05:08PM  Simply Wall St.]
▶ Best Dividend Stock Picks   [Nov-21-17 08:03AM  Simply Wall St.]
▶ PacWest Bancorp Announces Quarterly Dividend   [Nov-01-17 08:00AM  GlobeNewswire]
▶ PacWest tops 3Q profit forecasts   [Oct-17-17 07:18AM  Associated Press]
▶ When Should You Buy PacWest Bancorp (PACW)?   [05:19PM  Simply Wall St.]
▶ ETFs with exposure to PacWest Bancorp : October 5, 2017   [Oct-05-17 11:15AM  Capital Cube]
▶ Square 1 Bank Announces Credit Facility to MapAnything   [Sep-27-17 10:00AM  GlobeNewswire]
▶ Should You Buy PacWest Bancorp (PACW)?   [Sep-21-17 01:27PM  Simply Wall St.]
▶ ETFs with exposure to PacWest Bancorp : September 1, 2017   [Aug-31-17 08:03PM  Capital Cube]
▶ PacWest Bancorp Announces Quarterly Dividend   [08:00AM  GlobeNewswire]
▶ PacWest tops Street 2Q forecasts   [Jul-18-17 10:10PM  Associated Press]
▶ ETFs with exposure to PacWest Bancorp : June 28, 2017   [Jun-28-17 02:58PM  Capital Cube]
▶ 5 Highest-Yielding Regional Bank Stocks   [08:28AM  Motley Fool]
▶ Square 1 Bank Announces Credit Facility to LiveSafe   [Jun-27-17 10:00AM  GlobeNewswire]
▶ ETFs with exposure to PacWest Bancorp : June 6, 2017   [Jun-06-17 11:46AM  Capital Cube]
▶ Square 1 Bank Announces Credit Facility to CIC Partners   [May-09-17 10:00AM  GlobeNewswire]
▶ Square 1 Bank Announces Credit Facility to mPulse Mobile   [May-04-17 10:00AM  GlobeNewswire]
▶ PacWest Bancorp Announces Quarterly Dividend   [May-01-17 08:00AM  GlobeNewswire]
▶ Square 1 Bank Announces Credit Facility to ItemMaster   [Apr-25-17 09:00AM  GlobeNewswire]
▶ PacWest misses Street 1Q forecasts   [Apr-17-17 07:11AM  Associated Press]
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