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PacWest Bancorp

PacWest Bancorp (PACWP)

20.94
0.00
( 0.00% )
Updated: 20:00:00

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
20.94
Bid
20.90
Ask
21.36
Volume
-
0.00 Day's Range 0.00
12.86 52 Week Range 21.4503
Previous Close
20.94
Open
-
Last Trade
Last Trade Time
-
Average Volume (3m)
-
Financial Volume
-
VWAP
-

PACWP Latest News

PacWest Bancorp Announces Quarterly Dividends

LOS ANGELES, Nov. 01, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.01 per common share. The...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
527.1351.629254163613.8121.450312.8612527618.84821994CS
156-4.96-19.150579150625.926.79054.522200016.36707847CS
260-4.96-19.150579150625.926.79054.522200016.36707847CS

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PACWP Discussion

View Posts
DeafTrader2 DeafTrader2 2 months ago
Bad and Lazy DD you are posting here .
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56Chevy 56Chevy 7 months ago
PacWest, Banc of CA Merger Approved

DECEMBER 4, 2023

Four months after PacWest Bancorp and Banc of California Inc. announced their intent to merge under the Banc of California banner, the transaction officially closed on Nov. 30 following both shareholder and regulatory approval.

[....]

Source:
https://labusinessjournal.com/featured/pacwest-banc-of-ca-merger-approved/
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Enterprising Investor Enterprising Investor 10 months ago
Warburg Pincus and Centerbridge are providing funds to fill a capital ratio hole created by mark-to-market accounting.

They are paying $12.30 per BANC share (or about $8.14 per PACW share on an exchanged basis).

PACW will most likely trade at a small discount to BANC.

BANC could trade as high as $18 per shares next year based on $1.80 in EPS and 10x PE ratio.
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Enterprising Investor Enterprising Investor 10 months ago
PACWP is attractive particularly for lower risk investors.

The price should gradually move closer to par as the closing date nears.

Dividends are equal to (i) 7.75% through 9/01/27 or the date of earlier redemption and (ii) from, and including, the first reset date, during each reset period, a rate per annum equal to the five-year treasury rate as of the most recent reset dividend determination date plus 4.82%.

Shares are redeemable 9/01/27.

https://www.sec.gov/Archives/edgar/data/1102112/000110465922067778/tm228951-2_424b5.htm

I have a position in PACWP.
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56Chevy 56Chevy 10 months ago
Marker:

PACWP

$19.15 -0.19 (-1.0%)
Volume: 30,952
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tw0122 tw0122 11 months ago
Another Bank goes down..Heartland Tri-State Bank in Kansas has been forced to halt operations by regulators after it became insolvent, marking it the fifth bank to collapse in the United States this year. After determining that the bank, which had its headquarters in Elkhart, had fallen insolvent, Kansas Bank Commissioner David Herndon appointed the Federal Deposit Insurance Corporation (FDIC) as a receiver. After that, the FDIC sold it to Dream First Bank.

Heartland Tri-State Bank to resume operations under FDIC

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rahrah rahrah 11 months ago
100 X .6569 = 65 shares of BANC, with .69 share should be paid in cash
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myjog myjog 11 months ago
Can anyone please tell me if I hold 100 PACW stock now, then post-merger how much stock I’ll get? Thanks in advance.
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ZRock ZRock 11 months ago
I'm all out also..
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Dobies Dobies 11 months ago
Thanks, I did just that. I'm out. Bought at 7.17 sold at 10. Good luck everyone!
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tw0122 tw0122 11 months ago
Take your gains and run is the game now as dilution hits next.. Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge
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Marsanch1 Marsanch1 11 months ago
9.60 was based on Tuesday Close, then PACW will get 65 cents/share

https://www.marketwatch.com/story/banc-of-california-in-talks-to-buy-pacwest-wsj-b6c1cff1?mod=mw_quote_news
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Dobies Dobies 11 months ago
I think the closing price of BANC was closer to 14.6192 because trading appeared to be halted at the close. Also trading appeared halted on PACW
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Marsanch1 Marsanch1 11 months ago
"Under the terms of the merger agreement, PacWest (PACW) stockholders will receive 0.6569 of a share of Banc of California (BANC) common stock for each share of PacWest common stock. Based on closing prices on Tuesday, the deal values PacWest at $9.60 a share, a premium over its closing price of $7.67 a share on Tuesday."

9.60/share +. 65/share = 10.25

https://www.tradingview.com/news/DJN_SN20230725014332:0/
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Marsanch1 Marsanch1 11 months ago
Disregard I found the answer

https://www.tradingview.com/news/DJN_SN20230725014332:0/
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WallWeeD WallWeeD 11 months ago
15.89 x .6569 = 10.43$ a share am I wrong? From What I read we will get .6569 of a share of BANC RIGHT? So if the stock stays over that price is all good.
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Marsanch1 Marsanch1 11 months ago
how did you come up with the math
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WallWeeD WallWeeD 11 months ago
If banc stocks stays over the current price We will make money. Right now .6569 of a share is 10.30$. I am going to hold and see but if I am correct I will not lose on this.
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Marsanch1 Marsanch1 11 months ago
Anyone opinion about the Quarterly and Merger?
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koolmc koolmc 11 months ago
Congrats to those that held and didn't get shooked out.
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TheFinalCD TheFinalCD 11 months ago
11.21 TO 7.67 11 MINUTES LATER


CLOSED 7.69 THEN RUNS TO 10.49 AH

THIS JUST GOES TO SHOW HOW REALLY CRAZY THESE MARKETS ARE

$PACW
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tw0122 tw0122 11 months ago
Well the smaller banks all need to merge or they are done financially . So shall see more mergers coming up for sure.
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56Chevy 56Chevy 11 months ago
Marker:

PACWP
$21.00 3.55 (20.3%)

*Commons we're never the play on PacWest Bank.. Preferred shares are up 3X from March lows.
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ZRock ZRock 11 months ago
sold, not bought...
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Dobies Dobies 11 months ago
PacWest stockholders will receive 0.6569 of a share of Banc of California common stock for each share of PacWest common stock.
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Marsanch1 Marsanch1 11 months ago
You bought PACW at 11? Now it's 7.73

Halted pending news and Earnings Releast late Tuesday. Merger is on progress bet PACW and BANC.
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boo boo boo boo 11 months ago
And it's gone....
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Dobies Dobies 11 months ago
It looks like trading was halted a BANC, but what do I know!
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ZRock ZRock 11 months ago
that was only one block. I've been in PACW since middle of May..
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Dobies Dobies 11 months ago
I'll toss and turn tonight trying to sleep!
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Dobies Dobies 11 months ago
Glad to hear you came out OK. The fact that your shares were bought at that price is encouraging.
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ZRock ZRock 11 months ago
I had an AON at $11.05 and it got taken. looks like turned out to be good thing for me!

looking like Bank of California maybe buying them out..
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Fynn Fynn 11 months ago
First there was a dump of 2 million shares. Been long on Pac West for some time and really not going to sell into the hysteria of what will or will not be. That being said, Pac West sure does know how to screw its shareholders. to have this kind of announcement a couple of hours before an earnings report is pathetic. They could have announced this last Friday.
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Lazarus Lazarus 11 months ago
Hopefully the trade works for you.
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Dobies Dobies 11 months ago
Not sure if I made the right decision, but I held. My average is 7.17.
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Jess070283 Jess070283 11 months ago
Dip and Rip!????
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Dobies Dobies 11 months ago
I'm hoping that jump to 11.21 was a good sign of maybe a considered offer, but the selling is troubling. Panic selling?
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Lazarus Lazarus 11 months ago
Lots of uncertainty - thus the volatility. I put my limit order in at $9.80 and it took awhile but they eventually went up and grabbed my shares - then retreated again
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Dobies Dobies 11 months ago
I just read that news. Obviously, I hope it comes back. There's still a lot of buying though!
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Lazarus Lazarus 11 months ago
down 27% and halted on buyout news.

[edit update] I exited with an .11 cent loss per share. Had another bank that got a buyout/buydown which was my first experience in a stock/company getting bought out for LESS than what is was trading for. Not saying thats what will happen here - but Shit happens.
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Dobies Dobies 11 months ago
Did this jump to 11.21 then back down to 9.44 within a minute? Was trading halted?
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tw0122 tw0122 11 months ago
Looking good broke previous resistance level on low $10s can start moving to $20s next virtually nonresistance on the way to $20
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TheFinalCD TheFinalCD 11 months ago
FILLED 9.87 FOR A BOUNCE TRADE 10.49 WAS HOD
👍️ 1
TheFinalCD TheFinalCD 11 months ago
PACW all over the place this morn
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tw0122 tw0122 11 months ago
Resistance was right above $10 and will fail as support. Natural pullback coming to markets in general. Need to cool down some. Then of course companies only making earnings because the fake earnings bar was reset so ridiculously low. Wall Street at its finest will trap bulls also.
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Lazarus Lazarus 11 months ago
Should be able to ride this puppy to $17 plus. I have a GTC order to sell in a $19+

Relax, let the market do the heavy lifting. I'm looking at two very bullish indicators.

Buy high --- and sell higher
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Harbor6460 Harbor6460 11 months ago
My bank pays 5.5%. Get lost with your .02
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tw0122 tw0122 11 months ago
$10 resistance don’t break then perhaps start taking profits
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delerious1 delerious1 11 months ago
wow
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ZRock ZRock 11 months ago
not much I can say, cept PACW is a sweet one!
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