How have BANC shares performed this year?

Banc of California's stock was trading at $13.43 at the beginning of the year. Since then, BANC stock has increased by 7.1% and is now trading at $14.38. View the best growth stocks for 2024 here .

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) announced its quarterly earnings results on Tuesday, July, 23rd. The bank reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.09. The bank earned $492.38 million during the quarter, compared to analysts' expectations of $271.42 million. Banc of California had a positive trailing twelve-month return on equity of 2.12% and a negative net margin of 21.99%.

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?

Banc of California's top institutional shareholders include Bank of New York Mellon Corp (1.03%), Neo Ivy Capital Management (0.15%), Hennessy Advisors Inc. (0.14%) and Assenagon Asset Management S.A. (0.07%). 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) .

NYSE:BANC

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

$14.38

+0.90 (+6.68%)

(As of 07/26/2024 ET)

Compare

Today's Range: $13.68
▼
$14.51
50-Day Range: $12.19
▼
$14.68
52-Week Range: $9.96
▼
$15.54

Volume: 4.49 million shs
Average Volume: 2.44 million shs
Market Capitalization: $2.26 billion

P/E Ratio: N/A
Dividend Yield: 2.78%
Price Target: $15.69

Get Banc of California alerts:

Banc of California MarketRank™ Stock Analysis

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 9.1% Upside
$15.69 Price Target
Short Interest: Bearish
8.37% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: 0.20
Based on 34 Articles This Week
Insider Trading: N/A
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.

3.89 out of 5 stars

Finance Sector

152nd out of 898 stocks

National Commercial Banks Industry

21st out of 88 stocks

2.2

Analyst's Opinion

Consensus Rating
Banc of California has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Banc of California has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Banc of California's stock forecast and price target.

1.0

Short Interest

Percentage of Shares Shorted
8.37% 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 5.4.
Change versus previous month
Short interest in Banc of California has recently increased by 1.08%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Banc of California pays a meaningful dividend of 3.09%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Banc of California does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Banc of California will have a dividend payout ratio of 22.10% next year. This indicates that Banc of California will be able to sustain or increase its dividend.
Read more about Banc of California's 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.

2.3

News and Social Media Coverage

News Sentiment
Banc of California has a news sentiment score of 0.20. 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 0.50 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 34 news articles for Banc of California this week, compared to 5 articles on an average week.
Search Interest
Only 1 people have searched for BANC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
3 people have added Banc of California to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Banc of California insiders have not sold or bought any 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.
Read more about Banc of California's insider trading history.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Banc of California are expected to grow by 77.45% in the coming year, from $1.02 to $1.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Banc of California is -4.32, 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 -4.32, 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 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Read more about Banc of California's valuation and earnings.

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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

July 27 at 1:34 AM | americanbankingnews.com

Banc of California, Inc. (NYSE:BANC) Receives $15.81 Average Target Price from Analysts

July 26 at 3:02 AM | americanbankingnews.com

Banc of California (NYSE:BANC) Stock Rating Reaffirmed by Wedbush

July 27, 2024 | Weiss Ratings (Ad)

Nvidia’s Quiet $1 Trillion Pivot

Nvidia recently added $277 billion in market cap … IN ONE DAY.

July 25 at 2:00 PM | markets.businessinsider.com

Banc Of California Reports Q2 Profit, Net Interest Income Rises

July 25 at 9:00 AM | msn.com

Banc of California, Inc. (NYSE:BANC) Q2 2024 Earnings Call Transcript

July 25 at 7:56 AM | americanbankingnews.com

Q3 2024 Earnings Estimate for Banc of California, Inc. (NYSE:BANC) Issued By Wedbush

July 25 at 6:02 AM | americanbankingnews.com

Banc of California (NYSE:BANC) Given New $14.00 Price Target at Barclays

July 25 at 6:02 AM | americanbankingnews.com

Stephens Trims Banc of California (NYSE:BANC) Target Price to $14.00

July 27, 2024 | Weiss Ratings (Ad)

Nvidia’s Quiet $1 Trillion Pivot

Nvidia recently added $277 billion in market cap … IN ONE DAY.

July 24 at 7:06 PM | markets.businessinsider.com

Banc of California: Strategic Movements Amidst Challenges Prompt Hold Rating

July 24 at 7:06 PM | markets.businessinsider.com

What Analysts Are Saying About Banc of California Stock

July 24 at 10:18 AM | americanbankingnews.com

Banc of California (NYSE:BANC) Price Target Increased to $15.00 by Analysts at Truist Financial

July 23, 2024 | marketwatch.com

Banc of California Shares Drop After 2Q Profit Misses Expectations

July 23, 2024 | markets.businessinsider.com

Banc of California is about to announce earnings — here's what Wall Street expects

July 22, 2024 | finance.yahoo.com

BANC Aug 2024 7.500 call (BANC240816C00007500)

July 22, 2024 | seekingalpha.com

Banc of California Q2 2024 Earnings Preview

July 9, 2024 | seekingalpha.com

Banc of California: Opportunity Amidst The Noise

July 3, 2024 | businesswire.com

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

See More Headlines

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Company Calendar

Ex-Dividend for 7/1 Dividend: 6/14/2024
Dividend Payable: 7/01/2024
Last Earnings: 7/23/2024
Today: 7/26/2024
Next Earnings (Estimated): 10/22/2024
Fiscal Year End: 12/31/2024

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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: $15.69
High Stock Price Target: $19.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +9.1%
Consensus Rating: Hold
Rating Score (0-4): 2.38
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.33)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 14.10
P/E Growth: N/A
Net Income: $-1,899,140,000.00
Net Margins: -21.99%
Pretax Margin: -52.54%
Return on Equity: 2.12%
Return on Assets: 0.17%

Debt

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

Sales & Book Value

Annual Sales: $1.97 billion
Price / Sales: 1.15
Cash Flow: $9.92 per share
Price / Cash Flow: 1.45
Book Value: $18.50 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 157,270,000
Free Float: 145,681,000
Market Cap: $2.26 billion
Optionable: Optionable
Beta: 1.14

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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
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 beginning of the year. Since then, BANC stock has increased by 7.1% and is now trading at $14.38.
View the best growth stocks for 2024 here.
How were Banc of California's earnings last quarter?: Banc of California, Inc. (NYSE:BANC) announced its quarterly earnings results on Tuesday, July, 23rd. The bank reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.09. The bank earned $492.38 million during the quarter, compared to analysts' expectations of $271.42 million. Banc of California had a positive trailing twelve-month return on equity of 2.12% and a negative net margin of 21.99%.
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?: Banc of California's top institutional shareholders include Bank of New York Mellon Corp (1.03%), Neo Ivy Capital Management (0.15%), Hennessy Advisors Inc. (0.14%) and Assenagon Asset Management S.A. (0.07%). 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 7/27/2024 by MarketBeat.com Staff

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

Banc of California MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Yield

Dividend Growth

Dividend Sustainability

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Insiders

Percentage Held by Institutions

Earnings and Valuation

Earnings Growth

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Book Value per Share Ratio