SEC Form SC 13G/A filed by PacWest Bancorp (Amendment)

2/9/24 10:20:59 AM ET

Major Banks

Finance

Get the next $PACW alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.2 PACWEST BANCORP DE COMMON STOCK Cusip #695263103 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #695263103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 0 Item 6: 0 Item 7: 0 Item 8: 0 Item 9: 0 Item 11: 0.000% Item 12: HC Cusip #695263103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 0 Item 8: 0 Item 9: 0 Item 11: 0.000% Item 12: IN Item 1(a). Name of Issuer: PACWEST BANCORP DE Item 1(b). Address of Issuer's Principal Executive Offices: 130 S. STATE COLLEGE BLVD BREA, CA 92821 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 695263103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 0 (b) Percent of Class: 0.000% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of any of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2024 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of PACWEST BANCORP DE at December 29, 2023. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $PACW alert in real time by email

Recent Analyst Ratings for

$PACW

Date	Price Target	Rating	Analyst
6/8/2023	$8.75	Hold	Odeon
5/4/2023	$19.00 → $3.00	Buy → Neutral	DA Davidson
3/13/2023	$31.00 → $29.00	Neutral → Buy	DA Davidson
12/15/2022	$32.00 → $26.00	Overweight → Equal Weight	Wells Fargo
12/9/2022	$26.00	Buy → Hold	Truist
10/6/2022	$43.00 → $28.00	Buy → Neutral	DA Davidson
7/22/2022	$47.00 → $35.00	Outperform → Mkt Perform	Keefe Bruyette
7/7/2022		Strong Buy → Mkt Perform	Raymond James

More analyst ratings

SEC Form SC 13G/A filed by PacWest Bancorp (Amendment)

Chat with this insight

Recent Analyst Ratings for $PACW

$PACW Financials

Live finance-specific insights

Banc of California Announces Completion of Transformational Merger with PacWest Bancorp and $400 Million Equity Raise

Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger

Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger

$PACW SEC Filings

SEC Form 15-12G filed by PacWest Bancorp

SEC Form POSASR filed by PacWest Bancorp

SEC Form S-8 POS filed by PacWest Bancorp

$PACW Press Releases

Fastest customizable press release news feed in the world

KBRA Affirms Ratings for Banc of California, Inc. and Withdraws Ratings for PacWest Bancorp

Banc of California Announces Completion of Transformational Merger with PacWest Bancorp and $400 Million Equity Raise

Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

$PACW Leadership Updates

Live Leadership Updates

$PACW Large Ownership Changes

This live feed shows all institutional transactions in real time.

$PACW Market Insights

Live Market Insights

$PACW Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

PacWest Bancorp investors: Please contact the Portnoy Law Firm to recover your losses; November 13, 2023 deadline.

PacWest Bancorp Announces Leadership Transitions