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Banc of California (BANC) Gets a Buy Rating from Wells Fargo

In a report released yesterday, Timur Braziler from Wells Fargo maintained a Buy rating on Banc of California (BANCResearch Report), with a price target of $25.00. The company’s shares closed last Tuesday at $20.34.

According to TipRanks.com, Braziler is a 2-star analyst with an average return of 0.7% and a 50.0% success rate. Braziler covers the Financial sector, focusing on stocks such as First Bancorp Puerto Rico, Western Alliance, and OFG Bancorp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Banc of California with a $24.33 average price target.

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The company has a one-year high of $22.09 and a one-year low of $15.40. Currently, Banc of California has an average volume of 230.4K.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BANC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Banc of California, Inc. is a financial holding company, which engages in the provision of commercial banking services. It offers personal banking, business and commercial banking, real estate banking, and private banking. The company was founded in March 2002 and is headquartered in Santa Ana, CA.

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