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PacWest Bancorp bears the ticker symbol PACW, and this is my first mention of PacWest Bancorp for my new Viking Portfolio or any of my previous Dog of The Week Portfolios.

PacWest Bancorp is a bank holding company with one wholly-owned banking subsidiary, Pacific Western Bank. The bank has tens of full-service branches mostly located throughout California. The bank provides commercial banking services, including real estate, construction, and commercial loans, as well as comprehensive deposit and treasury management services, to small and midsize businesses. The Bank also provides venture banking products including a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses. The vast majority of the bank's net revenue comes from net interest income.

As of February 1, 2022, it operated through 69 full-service branches located in California; one branch located in Durham, North Carolina; one branch located in Denver, Colorado; and various loan production offices.

The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008.

PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.

Three key data points gauge PacWest Bancorp:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.
 

PACW Price

PacWest’s price per share was $23.94 at Tuesday’s market close. In the past year, PACW’s share price declined by $27.26, or about 114%.

If PacWest’s stock trades in the range of $20.00 to $30.00 this next year, its recent $23.94 share price might reach to $27.00 by next year. That upside estimate of $3.06 is about $1.17 under the median of one-year target estimates from the nine analysts covering PACW for brokers.
 

PACW Dividends

PacWest’s most recent quarterly dividend of $0.25 equates to $1.00 annually and casts a forward yield of 4.18%.
 

PACW Returns

Adding the $1.00 annual estimated PACW dividend to my one-year price upside estimate of $3.06 reveals a $4.06 potential gross gain estimate per share.

At Tuesday’s $23.94 closing price, a little over $1000 would buy 42 shares.

A $10 broker fee (if charged), paid half at purchase and a half at the sale, might cost us about $0.24 per share.

Subtracting that maybe $0.24 brokerage cost from my estimated $4.06 gross gain makes a net gain of $3.82 X 42 shares = $160.44 for a 16.00% net gain including a 4.18% annual dividend yield.

In the next year, our $1K investment in shares of PacWest Bancorp would generate $41.80 in cash dividends. Of course, a single share of PACW stock at Tuesday's $23.94 price is about 1.75 times less than the estimated annual dividend income from our $1000.00 investment.

So, by my dogcatcher ideal, this looks like a good time to buy PACW shares based on their dividends for 2023. The current dividend from $1K invested is 1.75 times greater than the PACW single share price. Consider yourself alerted.

All of the estimates above are speculation based on the past history of investment in shares of PacWest Bancorp. Only time and money invested in this stock will determine its future market value.

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