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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BANC shares.
View BANC analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12-month price objectives for Banc of California's stock. Their BANC share price forecasts range from $16.00 to $19.00. On average, they expect the company's stock price to reach $17.50 in the next year. This suggests a possible upside of 38.7% from the stock's current price.
View analysts price targets for BANC or view top-rated stocks among Wall Street analysts.

Banc of California's stock was trading at $15.93 at the start of the year. Since then, BANC shares have decreased by 20.8% and is now trading at $12.62.
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Banc of California saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,440,000 shares, a decline of 5.9% from the April 30th total of 1,530,000 shares. Based on an average daily volume of 660,200 shares, the short-interest ratio is presently 2.2 days.
View Banc of California's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our BANC earnings forecast.

Banc of California, Inc. (NYSE:BANC) posted its earnings results on Thursday, April, 20th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.02. The bank earned $114.78 million during the quarter, compared to the consensus estimate of $83.20 million. Banc of California had a net margin of 22.35% and a trailing twelve-month return on equity of 10.78%. During the same period in the previous year, the company earned $0.75 earnings per share.

Banc of California declared a quarterly dividend on Friday, May 12th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.10 per share on Monday, July 3rd. This represents a $0.40 annualized dividend and a yield of 3.17%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for BANC.

ETFs with the largest weight of Banc of California (NYSE:BANC) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), iShares US Small Cap Value Factor ETF (SVAL) and SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3X Shares (DPST) and

Banc of California (NYSE:BANC) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.13%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BANC will have a dividend payout ratio of 28.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BANC.

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.

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).

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

Banc of California's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.56%), Dimensional Fund Advisors LP (7.01%), Wellington Management Group LLP (6.81%), State Street Corp (4.50%), Patriot Financial Partners GP LP (3.71%) and William Blair Investment Management LLC (3.31%). Insiders that own company stock include James Andrew Barker, Jared M Wolff, Jared M Wolff, Joseph J Rice, Mary A Curran and Robert D Sznewajs.
View institutional ownership trends.

Shares of BANC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BANC stock can currently be purchased for approximately $12.62.

Banc of California (NYSE:BANC) has a market capitalization of $732.84 million and generates $390.12 million in revenue each year. The bank earns $120.94 million in net income (profit) each year or $1.53 on an earnings per share basis.

The company employs 673 workers across the globe.

Banc of California's mailing address is 3 MACARTHUR PLACE, SANTA ANA CA, 92707. The official website for the company is www.bancofcal.com. The bank can be reached via phone at (855) 361-2262, via email at ir@bancofcal.com, or via fax at 619-691-1350.