S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia
Oregon Democratic Party to send federal officials a $500,000 donation from former FTX executive
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia
Oregon Democratic Party to send federal officials a $500,000 donation from former FTX executive
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia
Oregon Democratic Party to send federal officials a $500,000 donation from former FTX executive
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia
Oregon Democratic Party to send federal officials a $500,000 donation from former FTX executive
NYSE:BANC

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

$12.62
-0.16 (-1.25%)
(As of 06/9/2023 ET)
Compare
Today's Range
$12.56
$12.80
50-Day Range
$9.99
$12.93
52-Week Range
$9.72
$18.54
Volume
351,896 shs
Average Volume
625,863 shs
Market Capitalization
$732.84 million
P/E Ratio
8.25
Dividend Yield
3.17%
Price Target
$17.50

Banc of California MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
38.7% Upside
$17.50 Price Target
Short Interest
Healthy
2.48% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.61mentions of Banc of California in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$397,083 Bought Last Quarter
Proj. Earnings Growth
6.98%
From $1.29 to $1.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.11 out of 5 stars

Finance Sector

62nd out of 839 stocks

National Commercial Banks Industry

9th out of 81 stocks


BANC stock logo

About Banc of California (NYSE:BANC) Stock

Banc of California, Inc. is a holding company engaged in the provision of commercial banking services. It offers personal banking, business and commercial banking, real estate banking, and private banking. The company was founded in 1941 and is headquartered in Santa Ana, CA.

Receive BANC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Banc of California and its competitors with MarketBeat's FREE daily newsletter.

BANC Stock News Headlines

BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Banc of California (NYSE:BANC) Shares Gap Up to $10.55
StockNews.com Downgrades Banc of California (NYSE:BANC) to Sell
Q1 2023 Banc of California Inc Earnings Call
See More Headlines

BANC Price History

BANC Company Calendar

Ex-Dividend for 4/3 Dividend
3/14/2023
Dividend Payable
4/03/2023
Last Earnings
4/20/2023
Today
6/10/2023
Ex-Dividend for 7/3 Dividend
6/14/2023
Dividend Payable
7/03/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Previous Symbol
NASDAQ:FPTB
CUSIP
33589V10
Employees
673
Year Founded
1941

Price Target and Rating

Average Stock Price Forecast
$17.50
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+38.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$120.94 million
Pretax Margin
31.17%

Debt

Sales & Book Value

Annual Sales
$390.12 million
Cash Flow
$2.54 per share
Book Value
$16.26 per share

Miscellaneous

Free Float
53,792,000
Market Cap
$732.84 million
Optionable
Optionable
Beta
1.23

Social Links


Key Executives

  • Jared Michael Wolff
    Chairman, President & Chief Executive Officer
  • John A. Sotoodeh
    Chief Operating Officer
  • Raymond J. Rindone
    Executive VP, Chief Financial & Accounting Officer
  • Ken Plummer
    Chief Information Officer & Executive VP
  • Robert G. Dyck
    Chief Credit Officer & Senior Executive VP













BANC Stock - Frequently Asked Questions

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

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.

What is Banc of California's stock price forecast for 2023?

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.

How have BANC shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Banc of California?

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
.

When is Banc of California's next earnings date?

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

How were Banc of California's earnings last quarter?

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.

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 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
.

What ETFs hold Banc of California's stock?
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 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.

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).

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 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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Banc of California's stock price today?

One share of BANC stock can currently be purchased for approximately $12.62.

How much money does Banc of California make?

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.

How many employees does Banc of California have?

The company employs 673 workers across the globe.

How can I contact Banc of California?

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.

This page (NYSE:BANC) was last updated on 6/10/2023 by MarketBeat.com Staff

My Account -