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Cwm LLC raised its holdings in shares of PacWest Bancorp () by 1,987.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
Source: https://www.etfdailynews.com/2023/01/15/cwm-llc-boosts-holdings-in-pacwest-bancorp-nasdaqpacw/
Janney Montgomery Scott LLC’s holdings in PacWest Bancorp were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.
Other US banks under scrutiny PacWest Bancorp (PACW.O), Truist Financial Corp (TFC.N) and Western Alliance Bancorp (WAL.N) rose between 0.8% and 3%.
Source: https://www.mutiny.in/central-banks-continue-to-raise-interest-rates-amid-banking-turmoil/
PacWest Bancorp is exploring strategic options, a source familiar with the matter said, sending the shares of the bank and several other US regional lenders tumbling in after-market trading.
PacWest Bancorp leaped 14.1%, for example, to trim its loss for the year to 66.6%.
PacWest Bancorp rose as much as 16% in premarket trading Monday, extending Friday’s brisk rebound and leading gains in US regional banks, after it slashed its quarterly dividend and said business remains “sound.”
PacWest Bancorp said that $6.8B worth of deposits had been withdrawn from the bank between the end of FY 2022 and March 20, 2023, which represents a decline of 20%.
Shares of other regional banks, including First Republic Bank, PacWest Bancorp, Western Alliance Bancorp and Signature Bank, were frozen late Thursday with growing concerns of broader risks to the sector.
The acquisition was disclosed in a legal filing with the SEC, which is accessible through sold 66,659 shares of PacWest Bancorp stock in a transaction on Friday, November 25th.
This table compares PacWest Bancorp and Park National’s gross revenue, earnings per share and valuation.
Wipfli Financial Advisors LLC bought a new stake in shares of PacWest Bancorp during the third quarter worth about $51,000.