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NYSE:BANC

Banc of California Stock Forecast, Price & News

$12.24
+0.50 (+4.26 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$11.93
Now: $12.24
$12.76
50-Day Range
$9.12
MA: $10.89
$12.44
52-Week Range
$6.44
Now: $12.24
$19.12
Volume229,990 shs
Average Volume164,100 shs
Market Capitalization$614.82 million
P/E RatioN/A
Dividend Yield2.10%
Beta1.92
Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest and noninterest-bearing demand accounts, as well as certificates of deposits. It also provides various commercial and consumer loan products, such as commercial and industrial loans; commercial real estate loans; multifamily loans; construction and renovation loans; single family residential mortgage loans; warehouse loans; asset, insurance, or security-backed loans; home equity lines of credit; consumer and business lines of credit; small business administration loans; and other consumer loans. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, card payment, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and Internet banking services; and master demand accounts, interest rate swaps, and safe deposit boxes. As of December 31, 2018, it operated 32 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles counties in California. The company was formerly known as First PacTrust Bancorp, Inc. and changed its name to Banc of California, Inc. in July 2013. Banc of California, Inc. was founded in 1941 and is headquartered in Santa Ana, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.96 out of 5 stars

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Previous SymbolNASDAQ:FPTB
CUSIP33589V10
Phone855-361-2262
Employees730

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$403.23 million
Cash Flow$1.70 per share
Book Value$14.10 per share

Profitability

Net Income$23.76 million

Miscellaneous

Market Cap$614.82 million
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$12.24
+0.50 (+4.26 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Banc of California (NYSE:BANC) Frequently Asked Questions

How has Banc of California's stock price been impacted by COVID-19 (Coronavirus)?

Banc of California's stock was trading at $11.90 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BANC stock has increased by 2.9% and is now trading at $12.24.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Banc of California?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Banc of California
.

When is Banc of California's next earnings date?

Banc of California is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Banc of California
.

How were Banc of California's earnings last quarter?

Banc of California Inc (NYSE:BANC) posted its quarterly earnings results on Thursday, October, 22nd. The bank reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.09. The bank earned $59.80 million during the quarter, compared to analyst estimates of $61.98 million. Banc of California had a negative net margin of 7.34% and a positive return on equity of 3.92%. The company's quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted ($0.45) EPS.
View Banc of California's earnings history
.

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

Banc of California declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.06 per share on Thursday, October 1st. This represents a $0.24 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Monday, September 14th.
View Banc of California's dividend history
.

What price target have analysts set for BANC?

4 brokerages have issued 1-year price targets for Banc of California's stock. Their forecasts range from $11.00 to $14.00. On average, they expect Banc of California's share price to reach $12.88 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
View analysts' price targets for Banc of California
.

Are investors shorting Banc of California?

Banc of California saw a decline in short interest in September. As of September 30th, there was short interest totaling 1,070,000 shares, a decline of 18.3% from the September 15th total of 1,310,000 shares. Based on an average trading volume of 222,400 shares, the days-to-cover ratio is currently 4.8 days. Approximately 2.3% of the shares of the company are sold short.
View Banc of California's Short Interest
.

Who are some of Banc of California's key competitors?

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 key executives?

Banc of California's management team includes the following people:
  • Mr. Douglas H. Bowers, Pres, CEO & Director (Age 61)
  • Mr. John A. Bogler CPA, CFA, Exec. VP & CFO (Age 53)
  • Mr. Hugh F. Boyle, Chief Risk Officer (Age 59)
  • Mr. John C. Grosvenor Esq., J.D., Gen. Counsel Emeritus (Age 69)
  • Mr. Mike A. Smith, Sr. VP, Chief Accounting Officer & Director of Treasury (Age 52)

What is Banc of California's stock symbol?

Banc of California trades on the New York Stock Exchange (NYSE) under the ticker symbol "BANC."

Who are Banc of California's major shareholders?

Banc of California's stock is owned by many different institutional and retail investors. Top institutional shareholders include Foundry Partners LLC (0.57%), Sippican Capital Advisors (0.17%), Hennessy Advisors Inc. (0.17%) and Louisiana State Employees Retirement System (0.04%). Company insiders that own Banc of California stock include James Andrew Barker, Jared M Wolff, Mary A Curran, Michael Alan Smith, Robert D Sznewajs and W Kirk Wycoff.
View institutional ownership trends for Banc of California
.

Which institutional investors are selling Banc of California stock?

BANC stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., and Foundry Partners LLC.
View insider buying and selling activity for Banc of California
.

Which institutional investors are buying Banc of California stock?

BANC stock was purchased by a variety of institutional investors in the last quarter, including Sippican Capital Advisors, and Louisiana State Employees Retirement System. Company insiders that have bought Banc of California stock in the last two years include James Andrew Barker, Jared M Wolff, Mary A Curran, Michael Alan Smith, and Robert D Sznewajs.
View insider buying and selling activity for Banc of California
.

How do I buy shares of Banc of California?

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

What is Banc of California's stock price today?

One share of BANC stock can currently be purchased for approximately $12.24.

How big of a company is Banc of California?

Banc of California has a market capitalization of $614.82 million and generates $403.23 million in revenue each year. The bank earns $23.76 million in net income (profit) each year or $0.79 on an earnings per share basis. Banc of California employs 730 workers across the globe.

What is Banc of California's official website?

The official website for Banc of California is www.bancofcal.com.

How can I contact Banc of California?

Banc of California's mailing address is 3 MACARTHUR PLACE, SANTA ANA CA, 92707. The bank can be reached via phone at 855-361-2262 or via email at [email protected]

This page was last updated on 10/25/2020 by MarketBeat.com Staff

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