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NYSE:BANC

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

$13.67
-0.05 (-0.36%)
(As of 03:58 PM ET)
Today's Range
$13.63
$13.98
50-Day Range
$13.51
$15.21
52-Week Range
$9.96
$16.08
Volume
897,706 shs
Average Volume
2.46 million shs
Market Capitalization
$2.15 billion
P/E Ratio
N/A
Dividend Yield
2.93%
Price Target
$16.31

Banc of California MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
18.0% Upside
$16.31 Price Target
Short Interest
Healthy
6.47% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.87mentions of Banc of California in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$313,677 Bought Last Quarter
Proj. Earnings Growth
65.79%
From $1.14 to $1.89 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.

4.80 out of 5 stars

Finance Sector

155th out of 881 stocks

National Commercial Banks Industry

26th out of 86 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

Wells Fargo Keeps Their Hold Rating on Banc of California (BANC)
10 Analysts Have This To Say About Banc of California
Finalist: Monica Sparks
Q1 2024 Banc of California Inc Earnings Call
Wells Fargo Reaffirms Their Hold Rating on Banc of California (BANC)
The Latest Analyst Ratings For Banc of California
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Last Earnings
4/23/2024
Today
5/28/2024
Ex-Dividend for 7/1 Dividend
6/14/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
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
$16.31
High Stock Price Target
$19.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+18.9%
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
$1.97 billion
Cash Flow
$8.91 per share
Book Value
$18.39 per share

Miscellaneous

Free Float
152,868,000
Market Cap
$2.16 billion
Optionable
Optionable
Beta
1.17

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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

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last twelve months. There are currently 5 hold ratings and 3 buy 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?

8 analysts have issued 1 year price objectives for Banc of California's stock. Their BANC share price targets range from $15.00 to $19.00. On average, they predict the company's stock price to reach $16.31 in the next year. This suggests a possible upside of 18.0% 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 the year. Since then, BANC stock has increased by 3.0% and is now trading at $13.83.
View the best growth stocks for 2024 here
.

Are investors shorting Banc of California?

Banc of California saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 10,180,000 shares, a decrease of 8.8% from the April 30th total of 11,160,000 shares. Based on an average daily trading volume, of 2,370,000 shares, the short-interest ratio is currently 4.3 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 Tuesday, July 23rd 2024.
View our BANC earnings forecast
.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) posted its quarterly earnings data on Tuesday, April, 23rd. The bank reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.07. The bank had revenue of $522.57 million for the quarter, compared to analyst estimates of $296.02 million. Banc of California had a positive trailing twelve-month return on equity of 2.25% and a negative net margin of 29.10%. During the same quarter in the previous year, the business earned $0.37 EPS.

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 Monday, May 13th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.10 per share on Monday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, June 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 2.92%.
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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.74%), PL Capital Advisors LLC (2.05%), William Blair Investment Management LLC (1.64%), Senator Investment Group LP (1.56%), Capital Research Global Investors (1.36%) and Kennedy Capital Management LLC (1.15%). Insiders that own company stock include James Andrew Barker, Jared M Wolff, Joseph J Rice, 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 5/28/2024 by MarketBeat.com Staff

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