Quantitative Systematic Strategies LLC Takes Position in PacWest Bancorp (NASDAQ:PACW)

Lloyd Doyle
February 25, 2018

Anchor Capital Advisors Llc bought 26,583 shares as the company's stock declined 15.09% while stock markets rallied. Moreover, Cardinal Capital Management Llc Ct has 3.7% invested in the company for 1.77 million shares. The stock increased 1.49% or $0.55 during the last trading session, reaching $37.55. About 638,621 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 23, 2017 and is uptrending. It has underperformed by 16.57% the S&P500.

Connors Investor Services Inc increased Apple (AAPL) stake by 34.05% reported in 2017Q3 SEC filing. Neumeier Poma Investment Counsel Llc bought 144,300 shares as the company's stock declined 15.26% while stock markets rallied. It turned negative, as 24 investors sold PacWest Bancorp shares while 96 reduced holdings. The stock increased 1.20% or $2.07 during the last trading session, reaching $174.57. About 399,853 shares traded. Pacwest Bancorp now has $6.77B valuation. It has outperformed by 2.21% the S&P500.

Riverhead Capital Management Llc decreased Brinker International Inc (NYSE:EAT) stake by 70,368 shares to 4,331 valued at $138,000 in 2017Q3. It also upped Huntington Bancshares Inc (NASDAQ:HBAN) stake by 110,764 shares and now owns 594,292 shares. This represents a $2.00 annualized dividend and a yield of 3.72%. The ex-dividend date is Friday, February 16th. (NASDAQ:UBSI), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Pacwest Bancorp had 42 analyst reports since October 13, 2015 according to SRatingsIntel. JMP Securities initiated the stock with "Mkt Outperform" rating in Friday, September 16 report. On Thursday, April 6 the stock rating was upgraded by Raymond James to "Strong Buy". On Thursday, January 18 the stock rating was maintained by Sandler O'Neill with "Buy". (NASDAQ:UBSI) rating on Thursday, January 4. The company has an average rating of "Hold" and an average target price of $55.18. The firm has "Buy" rating by S&P Research given on Wednesday, October 14. RBC Capital Markets maintained Citizens Financial Group, Inc. As per Friday, September 11, the company rating was reinitiated by Rosenblatt. The firm has "Hold" rating by Boenning & Scattergood given on Tuesday, January 30.

The institutional investor purchased 37,095 shares of the financial services provider's stock, valued at approximately $1,870,000. Its down 0.10, from 0.79 in 2017Q2. 23 funds opened positions while 88 raised stakes. Family Management Corp owns 114,001 shares or 3.94% of their U.S. portfolio. (NASDAQ:AAPL) or 56,808 shares. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. Thrivent For Lutherans reported 0.03% stake. Stoneridge Inv Prns has 11,454 shares. Sigma Planning invested 0.05% in United Bankshares, Inc. Public Employees Retirement Association Of Colorado, Colorado-based fund reported 15,239 shares. Royal State Bank Of Canada holds 0% or 275,058 shares. The Basswood Capital Management Llc holds 1.29M shares with $48.80M value, down from 1.34 million last quarter. Gilead Sciences Inc (NASDAQ:GILD) was reduced too. BidaskClub cut shares of PacWest Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, January 31st. Therefore 29% are positive.

Analysts await PacWest Bancorp (NASDAQ:PACW) to report earnings on April, 16.


PacWest Bancorp (NASDAQ:PACW) last issued its quarterly earnings data on Thursday, January 18th. The company was maintained on Monday, August 14 by Piper Jaffray. The rating was maintained by BMO Capital Markets on Thursday, October 19 with "Market Perform". Zacks Investment Research raised shares of PacWest Bancorp from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research note on Wednesday, January 24th. As per Tuesday, November 28, the company rating was maintained by SunTrust. Pacific Crest downgraded the shares of AAPL in report on Monday, June 5 to "Sector Weight" rating. Finally, Keefe, Bruyette & Woods reissued a "buy" rating and issued a $59.00 price objective on shares of PacWest Bancorp in a research note on Friday, December 22nd. On Monday, May 1 the stock rating was upgraded by Wedbush to "Outperform".

Investors sentiment decreased to 1.31 in 2017 Q3. Its down 0.18, from 1.49 in 2017Q2.

Institutional investors have recently modified their holdings of the stock. Mizuho maintained the shares of AAPL in report on Wednesday, February 1 with "Buy" rating.

TRADEMARK VIOLATION WARNING: "BidaskClub Lowers PacWest Bancorp (NASDAQ:PACW) to Sell" was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. (NYSE:ABBV) by 4,700 shares to 9,308 shares, valued at $827,000 in 2017Q3, according to the filing. Bnp Paribas Arbitrage Sa holds 53,792 shares. Aristotle Capital Boston Lc reported 208,025 shares stake. Northwest Inv Counselors Ltd Liability Company reported 1.37% in Apple Inc. Seven analysts have issued estimates for PacWest Bancorp's earnings. Massachusetts-based Martingale Asset Ltd Partnership has invested 0.01% in PacWest Bancorp (NASDAQ:PACW). Liberty Mutual Gru Asset Mngmt has 31,354 shares. Insurance Com Tx stated it has 0.1% of its portfolio in PacWest Bancorp (NASDAQ:PACW).

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