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NYSE:BANC

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

$14.68
+0.29 (+2.02%)
(As of 07/22/2024 ET)
Today's Range
$14.12
$14.74
50-Day Range
$12.19
$14.68
52-Week Range
$9.96
$16.08
Volume
2.51 million shs
Average Volume
2.40 million shs
Market Capitalization
$2.31 billion
P/E Ratio
N/A
Dividend Yield
2.73%
Price Target
$15.81

Banc of California MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
7.8% Upside
$15.81 Price Target
Short Interest
Healthy
8.28% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.39mentions of Banc of California in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$99,677 Bought Last Quarter
Proj. Earnings Growth
77.45%
From $1.02 to $1.81 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.

4.51 out of 5 stars

Finance Sector

126th out of 856 stocks

National Commercial Banks Industry

18th out of 84 stocks

BANC stock logo

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

BANC Stock News Headlines

BANC Aug 2024 7.500 call (BANC240816C00007500)
Banc of California Q2 2024 Earnings Preview
270x more lucrative than NVIDIA???
Is the AI boom losing steam? According to the Wall Street Journal, the pace of innovation in AI is slowing down... Its usefulness is limited... And the cost of running AI remains "exorbitant."
Banc of California: Opportunity Amidst The Noise
270x more lucrative than NVIDIA???
Is the AI boom losing steam? According to the Wall Street Journal, the pace of innovation in AI is slowing down... Its usefulness is limited... And the cost of running AI remains "exorbitant."
Wells Fargo Keeps Their Hold Rating on Banc of California (BANC)
10 Analysts Have This To Say About Banc of California
See More Headlines
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Company Calendar

Last Earnings
4/23/2024
Ex-Dividend for 7/1 Dividend
6/14/2024
Dividend Payable
7/01/2024
Today
7/22/2024
Next Earnings (Confirmed)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Previous Symbol
NASDAQ:FPTB
CUSIP
33589V10
Employees
2,304
Year Founded
1941

Price Target and Rating

Average Stock Price Target
$15.81
High Stock Price Target
$19.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+7.9%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$-1,899,140,000.00
Pretax Margin
-68.78%

Debt

Sales & Book Value

Annual Sales
$227.67 million
Cash Flow
$9.11 per share
Book Value
$18.39 per share

Miscellaneous

Free Float
145,681,000
Market Cap
$2.31 billion
Optionable
Optionable
Beta
1.14

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Key Executives

  • Mr. Jared M. WolffMr. 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
  • Ms. Monica L. Sparks (Age 44)
    Executive VP & Chief Accounting Officer
  • Mr. Raymond J. Rindone (Age 53)
    Executive VP, Deputy CFO & Head of Corporate Finance
  • Mr. Ido Dotan J.D. (Age 44)
    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. Michael David
    Executive Vice President for Technology Banking-West
  • Mr. Sean Lynden
    President of the Venture Banking Group

BANC Stock Analysis - Frequently Asked Questions

How have BANC shares performed this year?

Banc of California's stock was trading at $13.43 at the start of the year. Since then, BANC shares have increased by 9.3% and is now trading at $14.6750.
View the best growth stocks for 2024 here
.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) issued its quarterly earnings data on Tuesday, April, 23rd. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.07. The bank earned $522.57 million during the quarter, compared to analysts' expectations of $296.02 million. Banc of California had a negative net margin of 29.10% and a positive trailing twelve-month return on equity of 2.25%.

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.

Who are Banc of California's major shareholders?

Top institutional shareholders of Banc of California include Neo Ivy Capital Management (0.15%), Assenagon Asset Management S.A. (0.07%), SG Americas Securities LLC (0.03%) and Simplicity Wealth LLC (0.01%). Insiders that own company stock include Jared M Wolff, James Andrew Barker, Robert D Sznewajs, Robert G Dyck, Richard J Lashley and Joseph J Rice.
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.

What other stocks do shareholders of Banc of California own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Twilio (TWLO).

This page (NYSE:BANC) was last updated on 7/22/2024 by MarketBeat.com Staff

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