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Banc of California Inc. (BANC)
NYSE:BANC
Banc of California (BANC) Stock Price & Analysis
190 Followers
BANC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.43 - $15.72
Previous Close$13.95
Volume2.47M
Average Volume (3M)2.51M
Market Cap
$2.35B
Enterprise Value$5.26B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$2.91B
Price to Earnings (P/E)-4.4
Beta1.03
Next Earnings
Jul 25, 2024EPS Estimate
$0.23Last Dividend Ex-Date
Mar 14, 2024Dividend Yield2.87%
Share Statistics
EPS (TTM)-3.16
Shares Outstanding157,271,581
10 Day Avg. Volume2,318,950
30 Day Avg. Volume2,512,886
Standard Deviation0.11
R-Squared0.30
Alpha-0.00332
Financial Highlights & Ratios
Price to Book (P/B)0.83
Price to Sales (P/S)7.32
Price to Cash Flow (P/CF)13.40
P/FCF Ratio0.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue17.59
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$17.29Price Target Upside23.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Banc of California News
PremiumCompany Announcements
Banc of California Q3 Results and Conference Call Announcement
Bulls Say, Bears Say
Bulls Say
Analyst's RecommendationAnalyst maintains BUY rating and $20 price target for BANC.
Financial PerformanceNoninterest-bearing deposits increased, indicating success with HOA, fund finance, and mortgage warehouse.
Financial StrategyBanc of California is benefiting from its balance sheet repositioning which included the sale of more than $6 billion of assets and the paydown of nearly $9 billion of borrowings.
Bears Say
Credit QualityCredit quality was net negative as nonperforming loans roughly doubled.
Earnings OutlookFirst quarter earnings to come in below previous expectations due to several financial adjustments.
Earnings ReportThe company reported core earnings per share of $0.19, below the estimate of $0.27 and consensus of $0.24.
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Ownership Overview
6.98% Insiders
15.71% Mutual Funds
24.50% Other Institutional Investors
52.80% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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BANC FAQ
What was Banc of California Inc.’s price range in the past 12 months?
Banc of California Inc. lowest stock price was $9.43 and its highest was $15.72 in the past 12 months.
What is Banc of California Inc.’s market cap?
Currently, no data Available
When is Banc of California Inc.’s upcoming earnings report date?
Banc of California Inc.’s upcoming earnings report date is Jul 25, 2024 which is in 90 days.
How were Banc of California Inc.’s earnings last quarter?
Banc of California Inc. released its earnings results on Apr 23, 2024. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.141 by $0.029.
Is Banc of California Inc. overvalued?
According to Wall Street analysts Banc of California Inc.’s price is currently Undervalued.
Does Banc of California Inc. pay dividends?
Banc of California Inc. pays a Quarterly dividend of $0.1 which represents an annual dividend yield of 2.87%. See more information on Banc of California Inc. dividends here
What is Banc of California Inc.’s EPS estimate?
Banc of California Inc.’s EPS estimate is $0.23.
How many shares outstanding does Banc of California Inc. have?
Banc of California Inc. has 156,794,270 shares outstanding.
What happened to Banc of California Inc.’s price movement after its last earnings report?
Banc of California Inc. reported an EPS of $0.17 in its last earnings report, beating expectations of $0.141. Following the earnings report the stock price went down -1.761%.
Which hedge fund is a major shareholder of Banc of California Inc.?
Among the largest hedge funds holding Banc of California Inc.’s share is Bayview Asset Management, Llc. It holds Banc of California Inc.’s shares valued at 27M.
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Banc of California Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$17.29 (23.72% Upside)
$17.29 (23.72% Upside)
Blogger Sentiment
Bullish
BANC Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 2.9M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $520.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 8.5%
Last 30 Days ▼ 8.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
19.92%
12-Months-Change
Fundamentals
Return on Equity
-18.49%
Trailing 12-Months
Asset Growth
320.35%
Trailing 12-Months
Company Description
Banc of California Inc.
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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BANC Company Deck
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BANC Earnings Call
Q1 2024
0:00 / 0:00
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BANC Stock 12 Months Forecast
Average Price Target
$17.29
▲(23.72% Upside)
Technical Analysis
Best Analysts Covering BANC
1 Year
1 Year Success Rate
5/9 ratings generated profit
1 Year Average Return
+13.54%
reiterated a buy rating 3 days ago
Copying Gary Tenner's trades and holding each position for 1 Year would result in 55.56% of your transactions generating a profit, with an average return of +13.54% per trade.
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