PacWest Bancorp (PACW): Today's Featured Banking Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

PacWest Bancorp ( PACW) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.2%. By the end of trading, PacWest Bancorp fell $1.51 (-3.4%) to $42.96 on heavy volume. Throughout the day, 2,940,299 shares of PacWest Bancorp exchanged hands as compared to its average daily volume of 1,089,600 shares. The stock ranged in price between $42.35-$44.62 after having opened the day at $44.50 as compared to the previous trading day's close of $44.47. Other companies within the Banking industry that declined today were: First Internet Bancorp ( INBK), down 4.2%, Howard Bancorp Inc Md ( HBMD), down 4.0%, Norwood Financial Corporation ( NWFL), down 3.5% and Bancorp of New Jersey ( BKJ), down 3.3%.

PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides commercial banking products and services to small to medium sized businesses, and the owners and employees of those businesses primarily in Southern California. PacWest Bancorp has a market cap of $2.0 billion and is part of the financial sector. Shares are up 5.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate PacWest Bancorp a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates PacWest Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Mackinac Financial Corporation ( MFNC), up 9.6%, Elmira Savings Bank Elmira NY ( ESBK), up 6.7%, Carolina Trust Bank ( CART), up 6.4% and Pathfinder Bancorp ( PBHC), up 5.5% , were all gainers within the banking industry with Bank of America Corporation ( BAC) being today's featured banking industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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