S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
Critical asset just had biggest fall on record (Ad)
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This healthcare stock making a buzz with 160% growth
Critical asset just had biggest fall on record (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
Critical asset just had biggest fall on record (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
Critical asset just had biggest fall on record (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
Critical asset just had biggest fall on record (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
Critical asset just had biggest fall on record (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
Critical asset just had biggest fall on record (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
Critical asset just had biggest fall on record (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
NYSE:BANC

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

$14.26
-0.19 (-1.32%)
(As of 02/26/2024 ET)
Today's Range
$14.13
$14.63
50-Day Range
$12.33
$14.99
52-Week Range
$9.72
$17.74
Volume
2.23 million shs
Average Volume
2.65 million shs
Market Capitalization
$818.81 million
P/E Ratio
N/A
Dividend Yield
2.81%
Price Target
$16.50

Banc of California MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
15.7% Upside
$16.50 Price Target
Short Interest
Bearish
15.60% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.06mentions of Banc of California in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.68 M Sold Last Quarter
Proj. Earnings Growth
32.70%
From $1.59 to $2.11 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.

4.25 out of 5 stars

Finance Sector

237th out of 817 stocks

National Commercial Banks Industry

30th out of 74 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 to small and medium-size businesses in California. It offers personal banking products and services, including checking account, debit Mastercard, certificates of deposit, and savings and money market accounts, as well as online and mobile banking services; personal credit cards; and specialty banking services. The company also provides commercial and business banking products and services, such as deposits products; asset-based lending, business loans, commercial banking, SBA loans, and small business banking services; commercial real estate loans; and specialty banking services. It also provides treasury management services, including fraud prevention, mobile banking, online banking, payables solutions, and receivables solutions; and corporate payment cards. Banc of California, Inc. was founded in 1941 and is headquartered in Los Angeles, California.

BANC Stock Price History

BANC Stock News Headlines

Banc of California Inc
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Banc of California Inc.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Banc of California declares $0.10 dividend
Banc of California, Inc. Announces Quarterly Dividends
KBW Reaffirms Their Hold Rating on Banc of California (BANC)
A Preview Of Banc of California's Earnings
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/14/2023
Dividend Payable
1/02/2024
Last Earnings
1/25/2024
Today
2/26/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
4/18/2024
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
2,438
Year Founded
1941

Price Target and Rating

Average Stock Price Target
$16.50
High Stock Price Target
$21.50
Low Stock Price Target
$13.50
Potential Upside/Downside
+15.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$-1,899,140,000.00
Pretax Margin
-145.22%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$22.63 per share
Book Value
$50.35 per share

Miscellaneous

Free Float
53,210,000
Market Cap
$818.81 million
Optionable
Optionable
Beta
1.16

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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 43)
    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 43)
    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. Hamid Hussain
    Executive Vice President














BANC Stock Analysis - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BANC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BANC, but not buy additional shares or sell existing shares.
View BANC analyst ratings
or view top-rated stocks.

What is Banc of California's stock price target for 2024?

4 Wall Street research analysts have issued 1 year price targets for Banc of California's shares. Their BANC share price targets range from $13.50 to $21.50. On average, they expect the company's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 15.7% 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 2024?

Banc of California's stock was trading at $13.43 at the beginning of 2024. Since then, BANC shares have increased by 6.1% and is now trading at $14.2550.
View the best growth stocks for 2024 here
.

Are investors shorting Banc of California?

Banc of California saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 8,960,000 shares, an increase of 7.7% from the January 15th total of 8,320,000 shares. Based on an average daily volume of 2,800,000 shares, the days-to-cover ratio is currently 3.2 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, April 18th 2024.
View our BANC earnings forecast
.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) released its quarterly earnings data on Thursday, January, 25th. The bank reported ($4.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by $4.27. The bank had revenue of $193.06 million for the quarter, compared to analyst estimates of $163.11 million. Banc of California had a negative net margin of 44.04% and a positive trailing twelve-month return on equity of 1.14%. During the same period last year, the firm earned $0.45 earnings per share.

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

Banc of California announced a quarterly dividend on Thursday, February 8th. Stockholders of record on Friday, March 15th will be given a dividend of $0.10 per share on Monday, April 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for BANC
.

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 2.77%.
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).

Who are Banc of California's major shareholders?

Banc of California's stock is owned by a variety of retail and institutional investors. Top institutional investors include Warburg Pincus LLC (27.15%), Vanguard Group Inc. (15.69%), Dimensional Fund Advisors LP (8.45%), PL Capital Advisors LLC (5.57%), Goldman Sachs Group Inc. (5.22%) and Massachusetts Financial Services Co. MA (3.99%). Insiders that own company stock include James Andrew Barker, Jared M Wolff, Jared M Wolff, Joseph J Rice, Mary A Curran, Richard J Lashley, Robert D Sznewajs and Robert G Dyck.
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.

This page (NYSE:BANC) was last updated on 2/27/2024 by MarketBeat.com Staff