NYSE:BANC Banc of California (BANC) Stock Forecast, Price & News $12.62 -0.16 (-1.25%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$12.56▼$12.8050-Day Range$9.99▼$12.9352-Week Range$9.72▼$18.54Volume351,896 shsAverage Volume625,863 shsMarket Capitalization$732.84 millionP/E Ratio8.25Dividend Yield3.17%Price Target$17.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Banc of California MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside38.7% Upside$17.50 Price TargetShort InterestHealthy2.48% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.50Upright™ Environmental ScoreNews Sentiment0.61Based on 6 Articles This WeekInsider TradingAcquiring Shares$397,083 Bought Last QuarterProj. Earnings Growth6.98%From $1.29 to $1.38 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector62nd out of 839 stocksNational Commercial Banks Industry9th out of 81 stocks 3.5 Analyst's Opinion Consensus RatingBanc of California has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.50, Banc of California has a forecasted upside of 38.7% from its current price of $12.62.Amount of Analyst CoverageBanc of California has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.48% of the outstanding shares of Banc of California have been sold short.Short Interest Ratio / Days to CoverBanc of California has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Banc of California has recently decreased by 5.88%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldBanc of California pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthBanc of California has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Banc of California is 26.14%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Banc of California will have a dividend payout ratio of 28.99% next year. This indicates that Banc of California will be able to sustain or increase its dividend. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBanc 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 SustainabilityThe Environmental Impact score for Banc of California is -0.50. Previous Next 1.5 News and Social Media Coverage News SentimentBanc of California has a news sentiment score of 0.61. 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 0.86 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Banc of California this week, compared to 6 articles on an average week.Search InterestOnly 3 people have searched for BANC on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Banc of California insiders have bought more of their company's stock than they have sold. Specifically, they have bought $397,083.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 7.37% of the stock of Banc of California is held by insiders.Percentage Held by Institutions92.54% 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Banc of California are expected to grow by 6.98% in the coming year, from $1.29 to $1.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Banc of California is 8.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Banc of California is 8.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 146.60.Price to Book Value per Share RatioBanc 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. Previous Next See Top Rated MarketRank™ Stocks Here About Banc of California (NYSE:BANC) StockBanc 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.Read More 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. Email Address BANC Stock News HeadlinesJune 9, 2023 | finance.yahoo.comBanc of California, Inc. (NYSE:BANC) Looks Like A Good Stock, And It's Going Ex-Dividend SoonJune 8, 2023 | msn.comGalaxy awaits test results after Javier ‘Chicharito’ Hernandez suffers knee injuryJune 10, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere'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.June 7, 2023 | americanbankingnews.comBanc of California, Inc. (NYSE:BANC) Director Joseph J. Rice Buys 7,500 SharesJune 4, 2023 | uk.style.yahoo.comCONCACAF Champions League final tips: Back LAFC to lift the trophy in 90 minutes at big oddsJune 1, 2023 | americanbankingnews.comShort Interest in Banc of California, Inc. (NYSE:BANC) Decreases By 5.9%May 21, 2023 | americanbankingnews.comBanc of California (NYSE:BANC) Earns Sell Rating from Analysts at StockNews.comMay 14, 2023 | msn.comBanc of California (BANC) Declares $0.10 DividendJune 10, 2023 | Legacy Research (Affiliate) (Ad)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.May 14, 2023 | americanbankingnews.comBanc of California, Inc. Plans Quarterly Dividend of $0.10 (NYSE:BANC)May 12, 2023 | americanbankingnews.comFinancial Comparison: Banc of California (NYSE:BANC) and First Merchants (NASDAQ:FRME)May 10, 2023 | americanbankingnews.comBanc of California (NYSE:BANC) Shares Gap Up to $10.55May 8, 2023 | benzinga.comThinking about buying stock in Braskem, Six Flags, Western Alliance, Energizer, or Banc of California?May 7, 2023 | americanbankingnews.comInsider Buying: Banc of California, Inc. (NYSE:BANC) Director Buys $35,072.00 in StockMay 4, 2023 | americanbankingnews.comBanc of California, Inc. (NYSE:BANC) CEO Purchases $75,135.90 in StockMay 1, 2023 | americanbankingnews.comBanc of California, Inc. (NYSE:BANC) Short Interest Up 24.5% in AprilApril 27, 2023 | finance.yahoo.comBanc of California, Inc. (NYSE:BANC) Q1 2023 Earnings Call TranscriptApril 27, 2023 | americanbankingnews.comPiper Sandler Trims Banc of California (NYSE:BANC) Target Price to $16.00April 26, 2023 | americanbankingnews.comStockNews.com Downgrades Banc of California (NYSE:BANC) to SellApril 26, 2023 | americanbankingnews.comEquities Analysts Offer Predictions for Banc of California, Inc.'s Q2 2023 Earnings (NYSE:BANC)April 25, 2023 | msn.comBanc of California (FRA:FPB) Price Target Decreased by 14.53% to 15.10April 24, 2023 | msn.comPiper Sandler Maintains Banc of California (BANC) Overweight RecommendationApril 23, 2023 | americanbankingnews.comBanc of California (NYSE:BANC) Issues Earnings Results, Misses Expectations By $0.02 EPSApril 21, 2023 | cnbc.comWells Fargo loves these three regional banks and thinks one will rally 50%April 21, 2023 | finance.yahoo.comQ1 2023 Banc of California Inc Earnings CallApril 20, 2023 | seekingalpha.comBanc of California, Inc. 2023 Q1 - Results - Earnings Call PresentationApril 20, 2023 | msn.comBanc of California GAAP EPS of $0.34 misses by $0.04, revenue of $80.91M misses by $1.86MSee More Headlines BANC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BANC Company Calendar Ex-Dividend for 4/3 Dividend3/14/2023Dividend Payable4/03/2023Last Earnings4/20/2023Today6/10/2023Ex-Dividend for 7/3 Dividend6/14/2023Dividend Payable7/03/2023Next Earnings (Estimated)7/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry National commercial banks Sub-IndustryThrifts & Mortgage Finance SectorFinance Current SymbolNYSE:BANC Previous SymbolNASDAQ:FPTB CUSIP33589V10 CIK1169770 Webwww.bancofcal.com Phone(855) 361-2262Fax619-691-1350Employees673Year Founded1941Price 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 RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.53 Trailing P/E Ratio8.25 Forward P/E Ratio9.78 P/E GrowthN/ANet Income$120.94 million Net Margins22.35% Pretax Margin31.17% Return on Equity10.78% Return on Assets1.08% Debt Debt-to-Equity Ratio2.09 Current Ratio1.13 Quick Ratio1.13 Sales & Book Value Annual Sales$390.12 million Price / Sales1.88 Cash Flow$2.54 per share Price / Cash Flow4.96 Book Value$16.26 per share Price / Book0.78Miscellaneous Outstanding Shares58,070,000Free Float53,792,000Market Cap$732.84 million OptionableOptionable Beta1.23 Social Links Key ExecutivesJared Michael WolffChairman, President & Chief Executive OfficerJohn A. SotoodehChief Operating OfficerRaymond J. RindoneExecutive VP, Chief Financial & Accounting OfficerKen PlummerChief Information Officer & Executive VPRobert G. DyckChief Credit Officer & Senior Executive VPKey CompetitorsDime Community BancsharesNASDAQ:DCOMNorthwest BancsharesNASDAQ:NWBIWashington FederalNASDAQ:WAFDWSFS FinancialNASDAQ:WSFSAmerant BancorpNASDAQ:AMTBView All CompetitorsInsiders & InstitutionsJoseph J RiceBought 7,500 shares on 6/5/2023Total: $84,375.00 ($11.25/share)Ameriprise Financial Inc.Bought 32,047 shares on 5/22/2023Ownership: 0.837%JPMorgan Chase & Co.Bought 32,227 shares on 5/18/2023Ownership: 0.790%New York State Common Retirement FundSold 11,701 shares on 5/18/2023Ownership: 0.153%Thrivent Financial for LutheransBought 2,559 shares on 5/17/2023Ownership: 0.273%View All Insider TransactionsView All Institutional Transactions 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? 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 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Banc of California, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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