22,679 Shares in Banc of California, Inc. (NYSE:BANC) Acquired by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new position in Banc of California, Inc. (NYSE:BANC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,679 shares of the bank's stock, valued at approximately $351,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BANC. Crescent Grove Advisors LLC increased its holdings in shares of Banc of California by 0.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 99,084 shares of the bank's stock worth $1,542,000 after acquiring an additional 664 shares in the last quarter. CIBC Asset Management Inc grew its stake in Banc of California by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 15,052 shares of the bank's stock valued at $233,000 after buying an additional 683 shares during the last quarter. World Investment Advisors LLC grew its holdings in Banc of California by 4.5% in the 3rd quarter. World Investment Advisors LLC now owns 18,082 shares of the bank's stock valued at $266,000 after buying an additional 779 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Banc of California by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 3,574 shares of the bank's stock valued at $55,000 after acquiring an additional 928 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Banc of California by 6.8% in the fourth quarter. Bank of Montreal Can now owns 16,341 shares of the bank's stock valued at $253,000 after buying an additional 1,038 shares during the period. 86.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director James Andrew Barker purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of $13.16 per share, for a total transaction of $131,600.00. Following the purchase, the director now directly owns 169,680 shares of the company's stock, valued at approximately $2,232,988.80. This represents a 6.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.69% of the stock is owned by insiders.

Banc of California Trading Up 2.7 %

NYSE BANC traded up $0.37 during trading on Friday, hitting $13.76. 714,857 shares of the company's stock traded hands, compared to its average volume of 2,350,552. The firm has a market cap of $2.18 billion, a P/E ratio of 24.58 and a beta of 0.85. The stock has a fifty day moving average of $13.59 and a two-hundred day moving average of $15.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.89. Banc of California, Inc. has a 12-month low of $11.52 and a 12-month high of $18.08.

Banc of California (NYSE:BANC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $266.01 million during the quarter, compared to analysts' expectations of $272.36 million. Banc of California had a return on equity of 6.20% and a net margin of 7.06%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. As a group, sell-side analysts expect that Banc of California, Inc. will post 1.31 EPS for the current year.

Banc of California Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Friday, March 14th. Banc of California's dividend payout ratio is currently 61.54%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BANC. Robert W. Baird cut their target price on Banc of California from $19.00 to $17.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company dropped their target price on shares of Banc of California from $20.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Stephens reiterated an "equal weight" rating and issued a $15.00 price target on shares of Banc of California in a research note on Monday. StockNews.com upgraded shares of Banc of California from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. Finally, Raymond James upped their target price on Banc of California from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.

About Banc of California

Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes.