PacWest Bancorp (PACW) Stake Raised by Pinnacle Financial Partners Inc

Rafferty Asset Management Llc sold 81,518 shares as the company's stock declined 15.26% while stock markets rallied. Monarch Partners Asset Management Llc who had been investing in Pacwest Bancorp Del for a number of months, seems to be bullish on the $6.90B market cap company. The stock increased 1.75% or $4.01 during the last trading session, reaching $232.8. About 115,762 shares traded.

Pinnacle Financial Partners Inc. boosted its position in shares of PacWest Bancorp (NASDAQ:PACW) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has outperformed by 2.21% the S&P500.

Gabelli Securities Inc increased its stake in Dominion Diamond Corp Com (DDC) by 30.47% based on its latest 2017Q3 regulatory filing with the SEC. Stock buyback programs are often a sign that the company's board believes its shares are undervalued. The stock decreased 1.18% or $0.64 during the last trading session, reaching $53.62. About 208,999 shares traded. Dominion Diamond Corporation (NYSE:DDC) has risen 25.12% since March 11, 2017 and is uptrending. It has underperformed by 3.88% the S&P500. Another trade for 33,498 shares valued at $6.34M was sold by Shoquist Debora. Rothschild Asset Management reported 570,309 shares.

Barr E S & Co, which manages about $978.77M and $939.42M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 1,986 shares to 59,272 shares, valued at $9.14 million in 2017Q3, according to the filing. Midas Management holds 1.54% of its portfolio in Federated Investors, Inc.

PacWest Bancorp (NASDAQ:PACW) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.74 by ($0.08). PACW's profit will be $103.21M for 16.48 P/E if the $0.81 EPS becomes a reality. After $0.38 actual earnings per share reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts -2.63% negative EPS growth.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.18, from 1.49 in 2017Q2. It is positive, as 3 investors sold SPAR shares while 45 reduced holdings. 23,400 are held by Hutchin Hill Cap Limited Partnership. Moreover, Mesirow Invest Management has 1.05% invested in Virtusa Corporation (NASDAQ:VRTU) for 422,359 shares. Insiders own 0.98% of the company's stock. Raymond James Na reported 0.02% stake. Family Management Corp owns 114,001 shares or 3.94% of their U.S. portfolio. Bnp Paribas Arbitrage holds 0% of its portfolio in The Medicines Company (NASDAQ:MDCO) for 34,329 shares. First Allied Advisory Svcs Inc holds 0.01% or 4,205 shares. Driehaus Cap Mgmt Ltd Co has invested 0.01% in Ambarella, Inc. Bessemer Gru reported 101 shares. State Bank Of America Corp De, a North Carolina-based fund reported 938,591 shares. Hussman Strategic Advsr Inc invested 0.46% in Virtusa Corporation (NASDAQ:VRTU). BidaskClub upgraded PacWest Bancorp from a "sell" rating to a "hold" rating in a research report on Wednesday, December 20th. PacWest Bancorp has a fifty-two week low of $43.08 and a fifty-two week high of $57.08. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The firm has "Hold" rating by Berenberg given on Wednesday, September 13. The rating was maintained by Leerink Swann with "Buy" on Monday, August 31. On Friday, November 10 the stock rating was maintained by Barclays Capital with "Equal-Weight". Needham has "Buy" rating and $60.0 target. The rating was downgraded by FBR Capital on Wednesday, October 18 to "Neutral". The company was maintained on Friday, January 19 by Stephens. On Tuesday, August 8 the stock rating was maintained by Maxim Group with "Hold".

Dorsey Wright & Associates, which manages about $743.59 million and $433.88M US Long portfolio, upped its stake in Telecom Argentina S A Spon Adr (NYSE:TEO) by 44,383 shares to 143,874 shares, valued at $4.48M in 2017Q3, according to the filing. It also reduced its holding in Coca Cola Com (NYSE:KO) by 27,229 shares in the quarter, leaving it with 405,050 shares, and cut its stake in Southern Natl Bancorp (NASDAQ:SONA). The stock of PacWest Bancorp (NASDAQ:PACW) has "Hold" rating given on Tuesday, October 3 by BMO Capital Markets.

PacWest Bancorp announced that its Board of Directors has authorized a share repurchase program on Thursday, November 16th that authorizes the company to buyback $150.00 million in shares. On Monday, August 14 the stock rating was maintained by Piper Jaffray with "Buy". Cipher Capital Lp stated it has 0.09% in PacWest Bancorp (NASDAQ:PACW). Keefe Bruyette & Woods maintained it with "Buy" rating and $54.0 target in Monday, September 18 report. Wells Fargo initiated the shares of PACW in report on Monday, December 21 with "Outperform" rating.

News headlines about PacWest Bancorp (NASDAQ:PACW) have trended somewhat positive on Friday, according to Accern. The stock of PacWest Bancorp (NASDAQ:PACW) has "Hold" rating given on Tuesday, October 3 by BMO Capital Markets. PacWest Bancorp has a consensus rating of "Hold" and an average target price of $55.18. The firm earned "Hold" rating on Thursday, August 6 by Zacks.

The institutional investor owned 19,920 shares of the financial services provider's stock after acquiring an additional 1,735 shares during the quarter. Its up 0.07, from 1.13 in 2017Q2. It improved, as 24 investors sold PACW shares while 96 reduced holdings. 34 funds opened positions while 53 raised stakes. Bruni J V & Co Co, a Colorado-based fund reported 1.94 million shares. Nbw Ltd Liability Corporation holds 65,932 shares. Tower Rech Capital Lc (Trc) owns 1,438 shares or 0.01% of their USA portfolio. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Moody Natl Bank Trust Division invested 0.02% in PacWest Bancorp (NASDAQ:PACW). Tci Wealth Advisors reported 0.01% of its portfolio in Spartan Motors, Inc. 18,150 are owned by Buckhead Capital Mgmt Limited Liability Company. The stock of PacWest Bancorp (NASDAQ:PACW) has "Buy" rating given on Thursday, September 7 by DA Davidson. It also increased its holding in Ventas Inc (NYSE:VTR) by 6,640 shares in the quarter, for a total of 59,269 shares, and has risen its stake in Hologic Inc (NASDAQ:HOLX). The New York-based Karpas Strategies Ltd Liability has invested 0.18% in PacWest Bancorp (NASDAQ:PACW). Mason Street Advisors stated it has 0.07% in PacWest Bancorp (NASDAQ:PACW).

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