136,820 Shares in Banc of California, Inc. (NYSE:BANC) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new position in Banc of California, Inc. (NYSE:BANC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 136,820 shares of the bank's stock, valued at approximately $2,115,000. Aquatic Capital Management LLC owned about 0.09% of Banc of California as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BANC. Picton Mahoney Asset Management bought a new position in Banc of California during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new position in Banc of California during the fourth quarter worth about $36,000. Jones Financial Companies Lllp grew its position in Banc of California by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,574 shares of the bank's stock worth $55,000 after purchasing an additional 928 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Banc of California by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,348 shares of the bank's stock valued at $68,000 after buying an additional 2,926 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Banc of California in the 4th quarter worth approximately $97,000. Institutional investors own 86.88% of the company's stock.

Insider Buying and Selling at Banc of California

In related news, Director James Andrew Barker acquired 10,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were purchased at an average price of $13.16 per share, for a total transaction of $131,600.00. Following the transaction, the director now owns 169,680 shares in the company, valued at $2,232,988.80. This represents a 6.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.69% of the company's stock.

Banc of California Price Performance

Shares of BANC stock traded up $0.34 during trading hours on Friday, reaching $13.73. The stock had a trading volume of 1,639,914 shares, compared to its average volume of 2,353,679. The stock's fifty day simple moving average is $13.57 and its 200 day simple moving average is $15.15. The firm has a market capitalization of $2.18 billion, a PE ratio of 24.52 and a beta of 0.85. Banc of California, Inc. has a 12 month low of $11.52 and a 12 month high of $18.08. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31.

Banc of California (NYSE:BANC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $266.01 million during the quarter, compared to the consensus estimate of $272.36 million. Banc of California had a net margin of 7.06% and a return on equity of 6.20%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. On average, equities research analysts predict that Banc of California, Inc. will post 1.31 EPS for the current year.

Banc of California Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.91%. Banc of California's dividend payout ratio is currently 61.54%.

Analyst Ratings Changes

BANC has been the topic of a number of recent analyst reports. Stephens reiterated an "equal weight" rating and set a $15.00 price target on shares of Banc of California in a report on Monday, April 28th. StockNews.com raised shares of Banc of California from a "sell" rating to a "hold" rating in a report on Friday, January 24th. Barclays decreased their price objective on shares of Banc of California from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on shares of Banc of California from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Robert W. Baird decreased their price target on shares of Banc of California from $19.00 to $17.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Banc of California has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.

Banc of California Profile

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.