The ex-dividend date for PacWest Bancorp (Nasdaq:PACW) is tomorrow, May 19, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $21.30 as of 9:32 a.m., the dividend yield is 0.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for PacWest Bancorp (Nasdaq: PACW) is tomorrow, May 19, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $21.30 as of 9:32 a.m. ET, the dividend yield is 0.2%. The average volume for PacWest has been 184,500 shares per day over the past 30 days. PacWest has a market cap of $782.7 million and is part of the financial sector and banking industry. Shares are up 0.1% year to date as of the close of trading on Tuesday. PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides banking products and services primarily in southern and western California. The company has a P/E ratio of 75.1, below the average banking industry P/E ratio of 87.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PacWest as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full PacWest Ratings Report. See our dividend calendar or top-yielding stocks list.