Q2 Earnings Estimate for BANC Issued By DA Davidson

Banc of California, Inc. (NYSE:BANC - Free Report) - Equities researchers at DA Davidson issued their Q2 2025 earnings per share estimates for shares of Banc of California in a research report issued on Friday, April 25th. DA Davidson analyst G. Tenner forecasts that the bank will post earnings of $0.29 per share for the quarter. The consensus estimate for Banc of California's current full-year earnings is $1.31 per share.

Banc of California (NYSE:BANC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Banc of California had a net margin of 7.06% and a return on equity of 6.20%. The firm had revenue of $266.01 million during the quarter, compared to analysts' expectations of $272.36 million. During the same period in the prior year, the company posted $0.19 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year.

Several other research firms have also recently issued reports 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. JPMorgan Chase & Co. cut their price objective on shares of Banc of California from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Monday. Wells Fargo & Company lowered their target price on shares of Banc of California from $20.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. StockNews.com raised shares of Banc of California from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. Finally, 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. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.25.

Banc of California Price Performance

NYSE:BANC traded up $0.29 on Monday, reaching $13.68. 213,111 shares of the company's stock traded hands, compared to its average volume of 2,348,516. The stock has a 50-day simple moving average of $13.59 and a 200-day simple moving average of $15.16. Banc of California has a 12 month low of $11.52 and a 12 month high of $18.08. The firm has a market cap of $2.17 billion, a PE ratio of 24.36 and a beta of 0.85. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BANC. Picton Mahoney Asset Management bought a new position in Banc of California in the 4th quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new position in Banc of California during the 4th quarter worth $36,000. Jones Financial Companies Lllp raised its position in Banc of California by 35.1% during the 4th quarter. Jones Financial Companies Lllp now owns 3,574 shares of the bank's stock valued at $55,000 after purchasing an additional 928 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Banc of California by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,348 shares of the bank's stock worth $68,000 after buying an additional 2,926 shares during the period. Finally, Summit Securities Group LLC bought a new position in shares of Banc of California during the 4th quarter worth $97,000. 86.88% of the stock is currently owned by institutional investors.

Insider Transactions at Banc of California

In other Banc of California news, Director James Andrew Barker acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was bought at an average price of $13.16 per share, for a total transaction of $131,600.00. Following the acquisition, the director now directly owns 169,680 shares in the company, valued at $2,232,988.80. The trade was a 6.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.69% of the company's stock.

Banc of California Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, March 14th. Banc of California's dividend payout ratio is currently 61.54%.

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.