PacWest Bancorp ($PACW) Will Trade Ex-Dividend On November 27, 2020

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PacWest Bancorp (NASDAQ:PACW) will begin trading ex-dividend on November 27, 2020. The quarterly dividend payment of $ 0.25 per share is scheduled to be paid on December 10, 2020. The dividend yield based on the latest trading day closing price was 4.08 percent. Shareholders who purchased PACW shares prior to the ex-dividend date are eligible for the cash dividend payment.

Dividends History
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PacWest Bancorp recently reported third quarter financial results on October 14, 2020, after market close, the Beverly Hills based company disclosed income for the third quarter of $ 0.38 per share, from the revenue of $ 289.58 million. The quarterly earnings shrunk 58.70 percent while revenues developed 1.37 percent compared with the same quarter last year.
Street analysts expected PacWest Bancorp recently reported third quarter financial results on October 14, 2020, after market close, the Beverly Hills based company to report income of $ 0.63 per share on revenue of $ 284.47 million for the third quarter. The bottom line results missed street analysts by $ 0.25 or 39.68 percent, at the same time, top line results outshined analysts by $ 5.11 million or 1.80 percent.

Stock Performance

Shares of PacWest Bancorp traded up $ 0.05 or 0.20 percent on Thursday, reaching $ 24.48 with volume of 682.20 thousand shares. PacWest Bancorp has traded high as $ 24.50 and has cracked $ 24.14 on the downward trend

According to the previous trading day, closing price of $ 24.48, representing a 76.52 % increase from the 52 week low of $ 13.84 and a 37.98 % decrease over the 52 week high of $ 39.39.

The company has a market capital of $ 2.90 billion and is part of the Financial Services sector and Banks – Regional – US industry.

PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered 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; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the start-up operations of entrepreneurial companies; and equipment-secured loans and leases.