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PacWest Bancorp

PacWest Bancorp (PACW)

7.54
0.00
(0.00%)
Closed March 29 04:00PM
0.00
0.00
(0.00%)

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Key stats and details

Current Price
7.54
Bid
7.52
Ask
7.53
Volume
-
0.00 Day's Range 0.00
2.49 52 Week Range 12.08
Previous Close
7.54
Open
-
Last Trade
Last Trade Time
Average Volume (3m)
-
Financial Volume
-
VWAP
-

PACW Latest News

Form 15-12G - Securities registration termination [Section 12(g)]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549   FORM 15 CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION...

Form POSASR - Post-effective Amendment to an automatic shelf registration statement

As filed with the Securities and Exchange Commission on December 1, 2023 Registration No. 333-253712 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549...

Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments

As filed with the Securities and Exchange Commission on December 1, 2023 Registration No. 333-256041 Registration No. 333-218010 Registration No. 333-195147 UNITED STATES...

Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments

As filed with the Securities and Exchange Commission on December 1, 2023 Registration No. 333-256041 Registration No. 333-218010 Registration No. 333-195147 UNITED STATES...

Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments

As filed with the Securities and Exchange Commission on December 1, 2023 Registration No. 333-256041 Registration No. 333-218010 Registration No. 333-195147 UNITED STATES...

Form 8-K - Current report

false --12-31 0001102112 0001102112 2023-11-30 2023-11-30 0001102112 us-gaap:CommonStockMember 2023-11-30 2023-11-30 0001102112...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
26-0.13-1.694915254247.678.446.2551708027.58323351CS
52-2.31-23.45177664979.8512.082.49135611597.3758926CS
156-31.42-80.646817248538.9651.812.49499731112.12101802CS
260-29.67-79.736629938237.2151.812.49329730214.31755592CS

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PACW Discussion

View Posts
56Chevy 56Chevy 4 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/
πŸ‘οΈ0
Enterprising Investor Enterprising Investor 7 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 7 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.
πŸ‘οΈ0
56Chevy 56Chevy 7 months ago
Marker:

PACWP

$19.15 -0.19 (-1.0%)
Volume: 30,952
πŸ‘οΈ0
tw0122 tw0122 8 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

πŸ‘οΈ0
rahrah rahrah 8 months ago
100 X .6569 = 65 shares of BANC, with .69 share should be paid in cash
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myjog myjog 8 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.
πŸ‘οΈ0
ZRock ZRock 8 months ago
I'm all out also..
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Dobies Dobies 8 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 8 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 8 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
πŸ‘οΈ0
Dobies Dobies 8 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 8 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/
πŸ‘οΈ0
Marsanch1 Marsanch1 8 months ago
Disregard I found the answer

https://www.tradingview.com/news/DJN_SN20230725014332:0/
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WallWeeD WallWeeD 8 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 8 months ago
how did you come up with the math
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WallWeeD WallWeeD 8 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 8 months ago
Anyone opinion about the Quarterly and Merger?
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koolmc koolmc 8 months ago
Congrats to those that held and didn't get shooked out.
πŸ‘οΈ0
TheFinalCD TheFinalCD 8 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
πŸ‘οΈ0
tw0122 tw0122 8 months ago
Well the smaller banks all need to merge or they are done financially . So shall see more mergers coming up for sure.
πŸ‘οΈ0
56Chevy 56Chevy 8 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.
πŸ‘οΈ0
ZRock ZRock 8 months ago
sold, not bought...
πŸ‘οΈ0
Dobies Dobies 8 months ago
PacWest stockholders will receive 0.6569 of a share of Banc of California common stock for each share of PacWest common stock.
πŸ‘οΈ0
Marsanch1 Marsanch1 8 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.
πŸ‘οΈ0
boo boo boo boo 8 months ago
And it's gone....
πŸ‘οΈ0
Dobies Dobies 8 months ago
It looks like trading was halted a BANC, but what do I know!
πŸ‘οΈ0
ZRock ZRock 8 months ago
that was only one block. I've been in PACW since middle of May..
πŸ‘οΈ0
Dobies Dobies 8 months ago
I'll toss and turn tonight trying to sleep!
πŸ‘οΈ0
Dobies Dobies 8 months ago
Glad to hear you came out OK. The fact that your shares were bought at that price is encouraging.
πŸ‘οΈ0
ZRock ZRock 8 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..
πŸ‘οΈ0
Fynn Fynn 8 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.
πŸ‘οΈ0
Lazarus Lazarus 8 months ago
Hopefully the trade works for you.
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Dobies Dobies 8 months ago
Not sure if I made the right decision, but I held. My average is 7.17.
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Jess070283 Jess070283 8 months ago
Dip and Rip!????
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Dobies Dobies 8 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 8 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 8 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 8 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 8 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 8 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 8 months ago
FILLED 9.87 FOR A BOUNCE TRADE 10.49 WAS HOD
👍️ 1
TheFinalCD TheFinalCD 8 months ago
PACW all over the place this morn
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tw0122 tw0122 8 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 8 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 8 months ago
My bank pays 5.5%. Get lost with your .02
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tw0122 tw0122 8 months ago
$10 resistance don’t break then perhaps start taking profits
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delerious1 delerious1 8 months ago
wow
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ZRock ZRock 8 months ago
not much I can say, cept PACW is a sweet one!
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ZRock ZRock 8 months ago
Pacman's looking good again today. let's go PACW...
👍️ 1

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