The ex-dividend date for PacWest Bancorp (Nasdaq:PACW) is tomorrow, November 15, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $18.59 as of 9:31 a.m., the dividend yield is 3.9%.
NEW YORK ( TheStreet) -- The ex-dividend date for PacWest Bancorp (Nasdaq: PACW) is tomorrow, November 15, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $18.59 as of 9:31 a.m. ET, the dividend yield is 3.9%. The average volume for PacWest has been 291,000 shares per day over the past 30 days. PacWest has a market cap of $653.8 million and is part of the financial sector and banking industry. Shares are down 12.7% year to date as of the close of trading on Friday. PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides commercial banking products and services to small to medium size businesses, the owners and employees of those businesses, and households primarily in Southern California. The company has a P/E ratio of 23.9, above the average banking industry P/E ratio of 23.6 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 find that the stock has had a generally disappointing performance in the past year. You can view the full PacWest Ratings Report. See our dividend calendar or top-yielding stocks list.