PacWest Bancorp (NASDAQ:PACW) Updates On Quarterly Dividend


As per PacWest Bancorp (NASDAQ:PACW) statement on 2016-08-02, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.5 per share as dividend to stakeholders. The record date is set as 2016-08-15, the payout date as 2016-08-31 and the ex-dividend date is 2016-08-11.

Last fiscal PacWest Bancorp (NASDAQ:PACW) disbursed cash dividend of $0.5. A year ago, the payout was $0.5, which indicates a difference of 60%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.5, implying 118.6724% growth.

For the period ended on 2015-12-31, PacWest Bancorp (NASDAQ:PACW)’s earnings came at $0.68 per share compared to EPS of $0.63 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-20. For this quarter, the analysts have earnings estimate of $0.73 per share.

The interim price target for PacWest Bancorp (NASDAQ:PACW) is set at $46.214. This level is the mean price reached by averaging the stock views of 7 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for PacWest Bancorp (NASDAQ:PACW) is seen at $50 and the lowest level is established at $41. This broad range highlights a standard deviation of $2.826 in reported estimates.

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