Causeway Capital Management Has Cut Its Verifone Sys (PAY) Stake; 8 Analysts Covering PacWest Bancorp (PACW)

April 17, 2018 - By Michael Collier

VeriFone Systems, Inc. (NYSE:PAY) Logo

Among 14 analysts covering Pacwest Bancorp (NASDAQ:PACW), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Pacwest Bancorp had 45 analyst reports since October 13, 2015 according to SRatingsIntel. On Monday, September 18 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Neutral” rating by DA Davidson given on Monday, July 18. The stock of PacWest Bancorp (NASDAQ:PACW) has “Outperform” rating given on Monday, December 21 by Wells Fargo. Stephens maintained the stock with “Buy” rating in Friday, July 14 report. FBR Capital downgraded the shares of PACW in report on Wednesday, October 18 to “Neutral” rating. The stock has “Hold” rating by FBR Capital on Monday, December 11. The rating was maintained by Sandler O’Neill on Thursday, January 18 with “Buy”. On Monday, August 14 the stock rating was maintained by Piper Jaffray with “Buy”. As per Monday, October 19, the company rating was maintained by RBC Capital Markets. As per Monday, January 8, the company rating was maintained by SunTrust. See PacWest Bancorp (NASDAQ:PACW) latest ratings:

10/04/2018 Broker: Raymond James Rating: Buy Upgrade
29/03/2018 Broker: Sandler O’Neill Rating: Buy New Target: $56.0000 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $62.0 Maintain
22/01/2018 Broker: FBR Capital Rating: Hold New Target: $55.0 Maintain
19/01/2018 Broker: Stephens Rating: Buy New Target: $60.0 Maintain
19/01/2018 Broker: SunTrust Rating: Hold New Target: $56.0 Maintain
18/01/2018 Broker: Piper Jaffray Rating: Buy New Target: $60.5 Maintain
18/01/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $60.0 Maintain
18/01/2018 Broker: Sandler O’Neill Rating: Buy New Target: $58.0 Maintain
08/01/2018 Broker: SunTrust Rating: Hold New Target: $54.0 Maintain

Causeway Capital Management Llc decreased Verifone Sys Inc (PAY) stake by 0.93% reported in 2017Q4 SEC filing. Causeway Capital Management Llc sold 76,013 shares as Verifone Sys Inc (PAY)’s stock declined 11.73%. The Causeway Capital Management Llc holds 8.12M shares with $143.74M value, down from 8.19 million last quarter. Verifone Sys Inc now has $2.53 billion valuation. The stock increased 0.35% or $0.08 during the last trading session, reaching $22.84. About 1.14 million shares traded. VeriFone Systems, Inc. (NYSE:PAY) has declined 17.61% since April 17, 2017 and is downtrending. It has underperformed by 29.16% the S&P500.

The stock increased 2.45% or $1.2 during the last trading session, reaching $50.1. About 962,422 shares traded or 18.70% up from the average. PacWest Bancorp (NASDAQ:PACW) has declined 4.60% since April 17, 2017 and is downtrending. It has underperformed by 16.15% the S&P500.

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.13, from 1.31 in 2017Q3. It increased, as 35 investors sold PacWest Bancorp shares while 84 reduced holdings. 45 funds opened positions while 126 raised stakes. 107.44 million shares or 2.56% more from 104.75 million shares in 2017Q3 were reported. Fisher Asset Llc holds 1.45M shares. Ls Invest Advsrs Limited Liability reported 0.24% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Putnam Investments Ltd Liability stated it has 144,431 shares. Goldman Sachs Grp has 0.02% invested in PacWest Bancorp (NASDAQ:PACW) for 1.38 million shares. Retirement Sys Of Alabama invested in 214,822 shares. Chesley Taft & reported 0.07% stake. Barr E S stated it has 0.74% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Perigon Wealth Mngmt Ltd holds 0% or 14 shares in its portfolio. Mai Cap Management has invested 0.02% of its portfolio in PacWest Bancorp (NASDAQ:PACW). First Trust Advsr Ltd Partnership invested in 873,191 shares or 0.1% of the stock. Blair William Communication Il invested in 4,737 shares or 0% of the stock. Whittier Trust Communication has 0.01% invested in PacWest Bancorp (NASDAQ:PACW) for 7,806 shares. Cadence Mngmt Limited Com reported 0.05% of its portfolio in PacWest Bancorp (NASDAQ:PACW). State Common Retirement Fund holds 0.02% or 360,703 shares. Lincoln National invested in 25,782 shares.

PacWest Bancorp operates as the holding firm for Pacific Western Bank, a state chartered bank that provides commercial banking services and products. The company has market cap of $6.27 billion. The firm accepts demand, money market, and time deposits. It has a 17.23 P/E ratio. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; cash flow loans to finance business acquisitions and recapitalization activities; small business administration loans; asset loans for working capital needs; venture capital loans to support the start-up activities of entrepreneurial companies; and equipment-secured loans and leases.

Among 31 analysts covering Verifone Systems Inc. (NYSE:PAY), 7 have Buy rating, 1 Sell and 23 Hold. Therefore 23% are positive. Verifone Systems Inc. had 84 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Wednesday, June 8. RBC Capital Markets maintained VeriFone Systems, Inc. (NYSE:PAY) rating on Tuesday, November 14. RBC Capital Markets has “Hold” rating and $20.0 target. On Tuesday, December 19 the stock rating was maintained by Tigress Financial with “Buy”. The rating was initiated by Compass Point on Friday, April 15 with “Buy”. The rating was maintained by BTIG Research with “Hold” on Thursday, March 8. Wedbush maintained VeriFone Systems, Inc. (NYSE:PAY) on Friday, September 4 with “Outperform” rating. BTIG Research downgraded VeriFone Systems, Inc. (NYSE:PAY) on Friday, March 10 to “Neutral” rating. Compass Point maintained the shares of PAY in report on Tuesday, December 13 with “Neutral” rating. On Wednesday, September 30 the stock rating was upgraded by Argus Research to “Buy”. As per Friday, September 15, the company rating was initiated by Citigroup.

Causeway Capital Management Llc increased Vodafone Group Plc New (NASDAQ:VOD) stake by 26,056 shares to 676,997 valued at $21.60 million in 2017Q4. It also upped Momo Inc stake by 14,300 shares and now owns 537,600 shares. Vaneck Vectors Etf Tr was raised too.

PacWest Bancorp (NASDAQ:PACW) Institutional Positions Chart

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