Analytical Report: PacWest Bancorp (NASDAQ:PACW)

PacWest Bancorp (NASDAQ:PACW) reported earnings for the three months ended Mar2016 on April 14, 2016. The company earned $0.74 per share on revenue of $279.13M. Analysts had been modeling earning per share of $0.7 with $262.86M in revenue.

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, and construction of commercial real estate properties; cash flow loans to finance business acquisitions and recapitalization activities; small business administration loans; asset-based loans for working capital needs; equipment-secured loans and leases; and venture-backed loans to support the start-up operations of entrepreneurial companies. 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, multi-state deposit, and asset management services; money market sweep products; investment advisory services; treasury and cash management services; telephone banking, and on-line and mobile banking services; and foreign exchange and ATM services. The company offers its products and services to small and mid-sized companies, private equity investors, professionals, and other individuals. As of February 1, 2016, it had 80 full-service branches in the state of California; and a 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 based in Beverly Hills, California.

PacWest Bancorp earnings per share showed an increasing trend of 43.8% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 303%.Analysts project EPS growth over the next 5 years at 10%. It has EPS annual growth over the past 5 fiscal years of 29% when sales grew 24.9. It reported 21% sales growth, and 4.8% EPS growth in the last quarter.

The stock is trading at $41.68, up 45.36% from 52-week low of $29.05. The stock trades down -10.62% from its peak of $48.86 and 4.77% above the consensus price target of $43.67. Its volume clocked up at 0.56 million shares which is lower than the average volume of 1.1 million shares. Its market capitalization currently stands at $5.02B.