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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 0.1%. By the end of trading, PacWest Bancorp fell $0.58 (-1.4%) to $40.63 on light volume. Throughout the day, 811,772 shares of PacWest Bancorp exchanged hands as compared to its average daily volume of 1,194,400 shares. The stock ranged in price between $40.36-$41.35 after having opened the day at $41.10 as compared to the previous trading day's close of $41.21. Other companies within the Banking industry that declined today were: Athens Bancshares Corporation ( AFCB), down 11.3%, Doral Financial ( DRL), down 4.5%, Mid Penn Bancorp ( MPB), down 3.6% and Guaranty Federal ( GFED), 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 $1.8 billion and is part of the financial sector. Shares are down 2.4% year to date as of the close of trading on Thursday. 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.
