Should I buy or sell Banc of California stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BANC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BANC, but not buy additional shares or sell existing shares. View BANC analyst ratings or view top-rated stocks .

What is Banc of California's stock price target for 2024?

5 equities research analysts have issued twelve-month price objectives for Banc of California's shares. Their BANC share price targets range from $16.00 to $21.50. On average, they anticipate the company's share price to reach $17.07 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price. View analysts price targets for BANC or view top-rated stocks among Wall Street analysts .

How have BANC shares performed in 2024?

Banc of California's stock was trading at $13.43 at the beginning of the year. Since then, BANC stock has increased by 2.8% and is now trading at $13.80. View the best growth stocks for 2024 here .

Are investors shorting Banc of California?

Banc of California saw a decline in short interest in March. As of March 31st, there was short interest totaling 9,220,000 shares, a decline of 18.4% from the March 15th total of 11,300,000 shares. Based on an average daily trading volume, of 2,490,000 shares, the days-to-cover ratio is presently 3.7 days. View Banc of California's Short Interest .

When is Banc of California's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our BANC earnings forecast .

How can I listen to Banc of California's earnings call?

Banc of California will be holding an earnings conference call on Tuesday, April 23rd at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) issued its quarterly earnings results on Thursday, January, 25th. The bank reported ($4.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by $4.27. The bank had revenue of $193.06 million for the quarter, compared to analysts' expectations of $163.11 million. Banc of California had a negative net margin of 44.04% and a positive trailing twelve-month return on equity of 1.14%. During the same period last year, the firm earned $0.45 earnings per share.

How often does Banc of California pay dividends? What is the dividend yield for Banc of California?

Banc of California announced a quarterly dividend on Thursday, February 8th. Investors of record on Friday, March 15th will be paid a dividend of $0.10 per share on Monday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Thursday, March 14th. Read our dividend analysis for BANC .

Is Banc of California a good dividend stock?

Banc of California (NYSE:BANC) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.89%. Read our dividend analysis for BANC .

What ETFs hold Banc of California's stock?

ETFs with the largest weight of Banc of California (NYSE:BANC) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR) , SPDR S&P Regional Banking ETF (KRE) , SPDR S&P Bank ETF (KBE) and LeaderShares Activist Leaders ETF (ACTV) . Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) .

What is Jared Wolff's approval rating as Banc of California's CEO?

26 employees have rated Banc of California Chief Executive Officer Jared Wolff on Glassdoor.com . Jared Wolff has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Banc of California own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Banc of California investors own include American Airlines Group (AAL) , Ford Motor (F) , AbbVie (ABBV) , Bristol-Myers Squibb (BMY) , General Electric (GE) , AT&T (T) , Twilio (TWLO) , Gilead Sciences (GILD) , Pfizer (PFE) and Wells Fargo & Company (WFC) .

Who are Banc of California's major shareholders?

Banc of California's stock is owned by many different retail and institutional investors. Top institutional shareholders include Hodges Capital Management Inc. (1.11%), Hennessy Advisors Inc. (0.16%), Alaska Permanent Fund Corp (0.04%), Global Assets Advisory LLC (0.03%), Los Angeles Capital Management LLC (0.03%) and First Dallas Securities Inc. (0.03%). Insiders that own company stock include James Andrew Barker , Jared M Wolff, Jared M Wolff , Joseph J Rice, Mary A Curran, Richard J Lashley, Robert D Sznewajs and Robert G Dyck. View institutional ownership trends .

How do I buy shares of Banc of California?

Shares of BANC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:BANC

Banc of California (BANC) Stock Price, News & Analysis

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Free BANC Stock Alerts

$13.80

-0.02 (-0.14%)

(As of 04/18/2024 ET)

Compare

Today's Range: $13.67
▼
$13.93
50-Day Range: $12.96
▼
$15.21
52-Week Range: $9.72
▼
$16.08

Volume: 1.24 million shs
Average Volume: 2.41 million shs
Market Capitalization: $2.17 billion

P/E Ratio: N/A
Dividend Yield: 2.90%
Price Target: $17.07

Get Banc of California alerts:

Banc of California MarketRank™ Stock Analysis

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 23.7% Upside
$17.07 Price Target
Short Interest: Healthy
5.86% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: 0.41
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$345,600 Bought Last Quarter
Proj. Earnings Growth: 36.67%
From $1.50 to $2.05 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.78 out of 5 stars

Finance Sector

87th out of 826 stocks

National Commercial Banks Industry

15th out of 77 stocks

3.1

Analyst's Opinion

Consensus Rating
Banc of California has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Banc of California has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
5.86% of the outstanding shares of Banc of California have been sold short.
Short Interest Ratio / Days to Cover
Banc of California has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Banc of California has recently decreased by 18.41%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Banc of California pays a meaningful dividend of 2.89%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Banc of California has only been increasing its dividend for 1 years.
Dividend Sustainability
Based on earnings estimates, Banc of California will have a dividend payout ratio of 19.51% next year. This indicates that Banc of California will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Banc of California has received a 36.38% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Cash withdrawal services", "Wire transfer services", "Home equity loans", "Mortgages provided by brick and mortar banks", "Debit cards", and "Consumer savings accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for Banc of California is -0.50.

1.9

News and Social Media Coverage

News Sentiment
Banc of California has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Banc of California this week, compared to 4 articles on an average week.
Search Interest
Only 3 people have searched for BANC on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Banc of California to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Banc of California insiders have bought 130.86% more of their company's stock than they have sold. Specifically, they have bought $345,600.00 in company stock and sold $149,700.00 in company stock.
Percentage Held by Insiders
Only 7.37% of the stock of Banc of California is held by insiders.
Percentage Held by Institutions
86.88% of the stock of Banc of California is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Banc of California are expected to grow by 36.67% in the coming year, from $1.50 to $2.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Banc of California is -4.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Banc of California is -4.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Banc of California has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Banc of California Stock (NYSE:BANC)

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. It also provides real estate loans to professional developers and real estate investors for the acquisition, construction, refinancing, renovation, and on-going operation of commercial real estate properties; commercial real estate mortgage, residential real estate mortgage, and real estate construction and land loans; commercial loans and leases, such as equipment finance, other asset-based, venture capital, secured business, warehouse, and other lending services; small business administration loans; and consumer loans comprising personal, auto, and other loans, as well as home equity and revolving lines of credit. In addition, the company offers international banking, multi-state deposit, and asset and investment management services, as well as cash and treasury management services; and online, mobile, remote deposit, and telephone banking services. It serves small and middle-market businesses, venture capital firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net worth individuals. Banc of California, Inc. was founded in 1941 and is headquartered in Los Angeles, California.

BANC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BANC Stock News Headlines

April 16, 2024 | americanbankingnews.com

Banc of California (BANC) Set to Announce Earnings on Tuesday

April 15, 2024 | americanbankingnews.com

Banc of California, Inc. (NYSE:BANC) Given Consensus Rating of "Hold" by Brokerages

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 11, 2024 | americanbankingnews.com

Banc of California (NYSE:BANC) Price Target Raised to $16.00

April 10, 2024 | markets.businessinsider.com

Wells Fargo Reaffirms Their Hold Rating on Banc of California (BANC)

April 10, 2024 | markets.businessinsider.com

The Latest Analyst Ratings For Banc of California

April 9, 2024 | businesswire.com

Atlantic Health System Adopts FeelBetter's Precision Population Health Platform to Optimize and Personalize Medication Management

April 9, 2024 | businesswire.com

Banc of California Announces New Community Banking Leaders

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 5, 2024 | businesswire.com

Banc of California Announces Schedule of First Quarter 2024 Earnings Release and Conference Call

March 28, 2024 | msn.com

Berkeley abandons landmark natural gas ban after court battle

March 28, 2024 | seekingalpha.com

Banc of California: A Regional Bank Gem Selling At 0.8X BV

March 27, 2024 | markets.businessinsider.com

Bullish on Banc of California: Buy Rating Affirmed Amidst Post-Merger Growth Strategy

March 24, 2024 | investing.com

Banc of California shares raised to Outperform by KBW

March 24, 2024 | latimes.com

Brian Ishida

March 22, 2024 | markets.businessinsider.com

What 4 Analyst Ratings Have To Say About Banc of California

March 19, 2024 | msn.com

Federal court rules firearm restrictions on defendants awaiting trial are constitutional

March 18, 2024 | msn.com

Firearm restrictions on defendants awaiting trial are constitutional, 9th Circuit rules

March 15, 2024 | msn.com

Olive Crest hosts annual golf invitational featuring USC football legends

March 15, 2024 | markets.businessinsider.com

Banc of California (BANC) Receives a Hold from KBW

March 13, 2024 | cbsnews.com

Victim pleads with public as release date of man that raped her, other women nears

March 12, 2024 | msn.com

California schools could ban Flamin’ Hot Cheetos under new bill

March 11, 2024 | finance.yahoo.com

Credit and Loan Origination Industry Veteran Phil Soh Joins GreenLake Asset Management

March 7, 2024 | businesswire.com

Banc of California Names Greg Smith to Lead Digital Strategy

March 6, 2024 | finance.yahoo.com

Banc of California Named by Newsweek as One of America’s Greatest Workplaces for Women 2024

March 6, 2024 | businesswire.com

Banc of California Named by Newsweek as One of America's Greatest Workplaces for Women 2024

March 4, 2024 | msn.com

MLS vs Liga MX All Star Game dates confirmed

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 4/1 Dividend: 3/14/2024
Dividend Payable: 4/01/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/23/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: National commercial banks
Sub-Industry: Thrifts & Mortgage Finance
Current Symbol: NYSE:BANC
Previous Symbol: NASDAQ:FPTB
CUSIP: 33589V10
CIK: 1169770
Web: www.bancofcal.com
Phone: (855) 361-2262
Fax: 619-691-1350
Employees: 2,304
Year Founded: 1941

Price Target and Rating

Average Stock Price Target: $17.07
High Stock Price Target: $21.50
Low Stock Price Target: $16.00
Potential Upside/Downside: +23.3%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.16)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 9.23
P/E Growth: N/A
Net Income: $-1,899,140,000.00
Net Margins: -44.04%
Pretax Margin: -145.22%
Return on Equity: 1.14%
Return on Assets: 0.10%

Debt

Debt-to-Equity Ratio: 0.32
Current Ratio: 0.90
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $1.97 billion
Price / Sales: 1.11
Cash Flow: $8.93 per share
Price / Cash Flow: 1.55
Book Value: $18.39 per share
Price / Book: 0.75

Miscellaneous

Outstanding Shares: 157,270,000
Free Float: 145,681,000
Market Cap: $2.18 billion
Optionable: Optionable
Beta: 1.15

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Key Executives

Mr. Jared M. Wolff (Age 54)
Vice Chairman, President & CEO
Comp: $647.14k
Mr. Joseph Kauder
Executive VP & CFO
Mr. John K. Sotoodeh (Age 53)
Executive VP & COO
Mr. Raymond J. Rindone (Age 53)
Executive VP, Deputy CFO & Head of Corporate Finance
Mr. Ido Dotan J.D. (Age 43)
Executive VP, General Counsel, Corporate Secretary & Chief Administrative Officer
Mr. Robert G. Dyck (Age 67)
Senior EVP & Chief Credit Officer
Comp: $402.06k
Ms. Olivia Lindsay
Executive VP & Chief Risk Officer
Mr. Hamid Hussain
Executive Vice President
Mr. Michael David
Executive Vice President for Technology Banking-West
Mr. Sean Lynden
President of the Venture Banking Group

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BANC Stock Analysis - Frequently Asked Questions

Should I buy or sell Banc of California stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BANC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BANC, but not buy additional shares or sell existing shares.
View BANC analyst ratings or view top-rated stocks.
What is Banc of California's stock price target for 2024?: 5 equities research analysts have issued twelve-month price objectives for Banc of California's shares. Their BANC share price targets range from $16.00 to $21.50. On average, they anticipate the company's share price to reach $17.07 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price.
View analysts price targets for BANC or view top-rated stocks among Wall Street analysts.
How have BANC shares performed in 2024?: Banc of California's stock was trading at $13.43 at the beginning of the year. Since then, BANC stock has increased by 2.8% and is now trading at $13.80.
View the best growth stocks for 2024 here.
Are investors shorting Banc of California?: Banc of California saw a decline in short interest in March. As of March 31st, there was short interest totaling 9,220,000 shares, a decline of 18.4% from the March 15th total of 11,300,000 shares. Based on an average daily trading volume, of 2,490,000 shares, the days-to-cover ratio is presently 3.7 days.
View Banc of California's Short Interest.
When is Banc of California's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our BANC earnings forecast.
How can I listen to Banc of California's earnings call?: Banc of California will be holding an earnings conference call on Tuesday, April 23rd at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Banc of California's earnings last quarter?: Banc of California, Inc. (NYSE:BANC) issued its quarterly earnings results on Thursday, January, 25th. The bank reported ($4.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by $4.27. The bank had revenue of $193.06 million for the quarter, compared to analysts' expectations of $163.11 million. Banc of California had a negative net margin of 44.04% and a positive trailing twelve-month return on equity of 1.14%. During the same period last year, the firm earned $0.45 earnings per share.
How often does Banc of California pay dividends? What is the dividend yield for Banc of California?: Banc of California announced a quarterly dividend on Thursday, February 8th. Investors of record on Friday, March 15th will be paid a dividend of $0.10 per share on Monday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for BANC.

Is Banc of California a good dividend stock?: Banc of California (NYSE:BANC) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.89%.
Read our dividend analysis for BANC.
What ETFs hold Banc of California's stock?: ETFs with the largest weight of Banc of California (NYSE:BANC) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE) and LeaderShares Activist Leaders ETF (ACTV).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).
What is Jared Wolff's approval rating as Banc of California's CEO?: 26 employees have rated Banc of California Chief Executive Officer Jared Wolff on Glassdoor.com. Jared Wolff has an approval rating of 82% among the company's employees.
What other stocks do shareholders of Banc of California own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Banc of California investors own include American Airlines Group (AAL), Ford Motor (F), AbbVie (ABBV), Bristol-Myers Squibb (BMY), General Electric (GE), AT&T (T), Twilio (TWLO), Gilead Sciences (GILD), Pfizer (PFE) and Wells Fargo & Company (WFC).
Who are Banc of California's major shareholders?: Banc of California's stock is owned by many different retail and institutional investors. Top institutional shareholders include Hodges Capital Management Inc. (1.11%), Hennessy Advisors Inc. (0.16%), Alaska Permanent Fund Corp (0.04%), Global Assets Advisory LLC (0.03%), Los Angeles Capital Management LLC (0.03%) and First Dallas Securities Inc. (0.03%). Insiders that own company stock include James Andrew Barker, Jared M Wolff, Jared M Wolff, Joseph J Rice, Mary A Curran, Richard J Lashley, Robert D Sznewajs and Robert G Dyck.
View institutional ownership trends.
How do I buy shares of Banc of California?: Shares of BANC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BANC) was last updated on 4/18/2024 by MarketBeat.com Staff

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