Banc of California Company Profile (NYSE:BANC)

About Banc of California (NYSE:BANC)

Banc of California logoBanc of California, Inc. is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties. The Bank offers automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, automatic clearing house (ACH) origination, wire transfer, direct deposit, and safe deposit boxes. Bank customers also have the ability to access their accounts through a nationwide network of automated teller machines (ATMs), online, telephone and mobile banking. The Bank's lending activities are focused on providing financing to private businesses, entrepreneurs and homeowners.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Pacific Banks
  • Sub-Industry: Thrifts & Mortgage Finance
  • Symbol: NYSE:BANC
  • CUSIP: 33589V10
  • Web: www.bancofcal.com
Capitalization:
  • Market Cap: $959.42 million
  • Outstanding Shares: 47,379,000
Average Prices:
  • 50 Day Moving Avg: $21.03
  • 200 Day Moving Avg: $18.50
  • 52 Week Range: $10.93 - $23.25
P/E:
  • Trailing P/E Ratio: 11.33
  • Foreward P/E Ratio: 12.20
  • P/E Growth: 1.39
Sales & Book Value:
  • Annual Revenue: $550.09 million
  • Price / Sales: 1.74
  • Book Value: $15.13 per share
  • Price / Book: 1.34
Dividend:
  • Annual Dividend: $0.52
  • Dividend Yield: 2.5%
Profitability:
  • Net Margins: 17.57%
  • Return on Equity: 17.48%
  • Return on Assets: 1.10%
Debt:
  • Debt-to-Equity Ratio: 0.94%
  • Current Ratio: 0.77%
  • Quick Ratio: 0.70%
Misc:
  • Average Volume: 1.22 million shs.
  • Beta: 0.77
  • Short Ratio: 12.02
 

Frequently Asked Questions for Banc of California (NYSE:BANC)

What is Banc of California's stock symbol?

Banc of California trades on the New York Stock Exchange (NYSE) under the ticker symbol "BANC."

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 19th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.13 per share on Monday, July 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Tuesday, June 13th. View Banc of California's Dividend History.

How were Banc of California's earnings last quarter?

Banc of California Inc (NYSE:BANC) announced its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $95.38 million for the quarter, compared to analyst estimates of $151.51 million. Banc of California had a net margin of 17.57% and a return on equity of 17.48%. During the same quarter in the previous year, the firm earned $0.36 earnings per share. View Banc of California's Earnings History.

When will Banc of California make its next earnings announcement?

Banc of California is scheduled to release their next quarterly earnings announcement on Wednesday, July, 19th 2017. View Earnings Estimates for Banc of California.

Where is Banc of California's stock going? Where will Banc of California's stock price be in 2017?

4 analysts have issued twelve-month target prices for Banc of California's shares. Their predictions range from $20.00 to $24.00. On average, they expect Banc of California's stock price to reach $22.00 in the next twelve months. View Analyst Ratings for Banc of California.

Who are some of Banc of California's key competitors?

Who owns Banc of California stock?

Banc of California's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.02%), Vanguard Group Inc. (7.95%), State Street Corp (5.91%), Patriot Financial Partners GP LP (6.01%), Dimensional Fund Advisors LP (4.83%) and Wellington Management Group LLP (3.84%). Company insiders that own Banc of California stock include Jeffrey T Seabold, John C Grosvenor and Steven Sugarman. View Institutional Ownership Trends for Banc of California.

Who sold Banc of California stock? Who is selling Banc of California stock?

Banc of California's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Bank of America Corp DE, AQR Capital Management LLC, Bank of New York Mellon Corp, Wells Fargo & Company MN, Ameriprise Financial Inc., Boston Advisors LLC and Nationwide Fund Advisors. Company insiders that have sold Banc of California stock in the last year include Jeffrey T Seabold and John C Grosvenor. View Insider Buying and Selling for Banc of California.

Who bought Banc of California stock? Who is buying Banc of California stock?

Banc of California's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Wellington Management Group LLP, EJF Capital LLC, Victory Capital Management Inc., Montag A & Associates Inc., Deprince Race & Zollo Inc., Stieven Capital Advisors L.P. and United Services Automobile Association. View Insider Buying and Selling for Banc of California.

How do I buy Banc of California stock?

Shares of Banc of California can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Banc of California stock cost?

One share of Banc of California stock can currently be purchased for approximately $20.25.

Analyst Ratings

Consensus Ratings for Banc of California (NYSE:BANC) (?)
Ratings Breakdown: 1 Hold Rating, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $22.00 (8.64% upside)

Analysts' Ratings History for Banc of California (NYSE:BANC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/4/2017Keefe, Bruyette & WoodsDowngradeOutperform -> Market Perform$22.00HighView Rating Details
5/4/2017FBR & CoLower Price TargetOutperform -> Outperform$25.00 -> $24.00HighView Rating Details
4/11/2017Wells Fargo & CoUpgradeMarket Perform -> OutperformHighView Rating Details
1/30/2017FIG PartnersReiterated RatingMarket-PerformN/AView Rating Details
10/20/2016DA DavidsonUpgradeNeutral -> Buy$20.00N/AView Rating Details
5/4/2016Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$23.00N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Banc of California (NYSE:BANC)
Earnings by Quarter for Banc of California (NYSE:BANC)
Earnings History by Quarter for Banc of California (NYSE:BANC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/19/2017        
5/3/2017Q1 2017$0.28$0.27$151.51 million$95.38 millionViewListenView Earnings Details
1/30/2017Q4 2016$0.48$0.54$148.26 million$166.75 millionViewN/AView Earnings Details
10/19/2016Q316$0.42$0.59$144.42 million$161.59 millionViewListenView Earnings Details
7/21/2016Q216$0.40$0.46$131.43 million$146.64 millionViewListenView Earnings Details
4/21/2016Q116$0.31$0.36$114.80 million$122.38 millionViewListenView Earnings Details
1/28/2016Q415$0.27$0.39$106.67 million$118.89 millionViewListenView Earnings Details
10/29/2015Q315$0.27$0.29$104.47 million$106.28 millionViewListenView Earnings Details
7/29/2015Q215$0.28$0.32$102.43 million$120.80 millionViewListenView Earnings Details
4/29/2015Q1$0.21$0.29$90.42 million$98.00 millionViewN/AView Earnings Details
3/5/2015Q4 2014$0.21$0.25$82.13 million$87.22 millionViewN/AView Earnings Details
10/30/2014Q3$0.25$0.31$70.98 million$82.28 millionViewN/AView Earnings Details
7/31/2014Q2 2014$0.14$0.27$63.30 million$70.95 millionViewN/AView Earnings Details
5/9/2014Q1 2014$0.06($0.01)$56.12 million$60.46 millionViewN/AView Earnings Details
3/13/2014$0.36$0.12ViewN/AView Earnings Details
11/8/2013Q3 13$0.29($0.53)ViewN/AView Earnings Details
5/8/2013Q1 2013$0.01$0.05ViewN/AView Earnings Details
3/1/2013Q4 2012$0.15($0.30)$15.46 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Banc of California (NYSE:BANC)
Current Year EPS Consensus Estimate: $1.19 EPS
Next Year EPS Consensus Estimate: $1.66 EPS

Dividends

Current Dividend Information for Banc of California (NYSE:BANC)
Next Dividend:7/3/2017
Annual Dividend:$0.52
Dividend Yield:2.57%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:27.08% (Trailing 12 Months of Earnings)
43.70% (Based on This Year's Estimates)
31.33% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Banc of California (NYSE:BANC)

Dividend History by Quarter for Banc of California (NYSE:BANC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/19/2017quarterly$0.132.57%6/13/20176/15/20177/3/2017
2/27/2017quarterly$0.132.6%3/13/20173/15/20174/3/2017
12/5/2016quarterly$0.133.39%12/13/201612/15/20161/3/2017
8/17/2016quarterly$0.122.22%9/13/20169/15/201610/3/2016
5/19/2016quarterly$0.122.53%6/13/20166/15/20167/1/2016
3/2/2016quarterly$0.123.04%3/11/20163/15/20164/1/2016
12/1/2015quarterly$0.123.17%12/11/201512/15/20151/4/2016
9/3/2015quarterly$0.123.9%9/10/20159/14/201510/1/2015
6/3/2015quarterly$0.123.57%6/11/20156/15/20157/1/2015
3/4/2015quarterly$0.124.3%3/11/20153/13/20154/1/2015
12/3/2014quarterly$0.124.39%12/11/201412/15/20141/2/2015
9/2/2014quarterly$0.123.98%9/10/20149/12/201410/1/2014
6/2/2014quarterly$0.124.44%6/11/20146/13/20147/1/2014
3/3/2014quarterly$0.123.62%3/12/20143/14/20144/1/2014
12/10/2013quarterly$0.123.8%12/18/201312/20/20131/2/2014
9/5/2013quarterly$0.123.52%9/12/20139/16/201310/1/2013
6/20/2013quarterly$0.477/1/20137/15/2013
6/4/2013quarterly$0.123.56%6/13/20136/17/20137/1/2013
3/6/2013quarterly$0.124.32%3/14/20133/18/20134/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Banc of California (NYSE:BANC)
Insider Ownership Percentage: 6.13%
Institutional Ownership Percentage: 97.94%
Insider Trades by Quarter for Banc of California (NYSE:BANC)
Institutional Ownership by Quarter for Banc of California (NYSE:BANC)
Insider Trades by Quarter for Banc of California (NYSE:BANC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/20/2017John C GrosvenorEVPSell14,979$20.50$307,069.50View SEC Filing  
3/7/2017Jeffrey T SeaboldEVPSell10,000$20.00$200,000.00View SEC Filing  
3/6/2017Jeffrey T SeaboldEVPSell15,000$20.02$300,300.00View SEC Filing  
9/30/2016Jeffrey T SeaboldInsiderSell39,919$17.63$703,771.97View SEC Filing  
8/17/2016Steven SugarmanCEOBuy338$21.95$7,419.10View SEC Filing  
6/17/2016Jeffrey T SeaboldEVPSell59,225$19.40$1,148,965.00View SEC Filing  
12/8/2015Jeffrey T. SeaboldEVPSell59,153$14.89$880,788.17View SEC Filing  
8/24/2015Steven SugarmanCEOBuy35,000$12.18$426,300.00View SEC Filing  
6/17/2015Steven SugarmanCEOBuy3,000$13.61$40,830.00View SEC Filing  
8/22/2014Steven SugarmanCEOBuy4,050$12.17$49,288.50View SEC Filing  
6/24/2014Robb EvansDirectorSell1,306$11.23$14,666.38View SEC Filing  
5/23/2014Steven SugarmanCEOBuy35,000$10.38$363,300.00View SEC Filing  
11/13/2013Steven SugarmanCEOBuy2,500$12.52$31,300.00View SEC Filing  
8/27/2013Timothy ChrismanDirectorBuy5,000$13.23$66,150.00View SEC Filing  
8/22/2013James GrayDirectorBuy1,000$14.00$14,000.00View SEC Filing  
8/14/2013Ronald Jr. NicolasCFOBuy5,000$14.81$74,050.00View SEC Filing  
8/9/2013Timothy ChrismanDirectorBuy1,500$14.44$21,660.00View SEC Filing  
6/25/2013Robb EvansDirectorBuy4,000$13.11$52,440.00View SEC Filing  
6/24/2013James H GrayDirectorBuy1,000$13.01$13,010.00View SEC Filing  
6/21/2013Timothy ChrismanDirectorBuy12,146$13.29$161,420.34View SEC Filing  
6/13/2013Robb EvansDirectorBuy1,000$13.43$13,430.00View SEC Filing  
6/12/2013Daniel Roy MathisDirectorBuy3,300$12.99$42,867.00View SEC Filing  
6/10/2013Steven SugarmanCEOBuy4,000$13.40$53,600.00View SEC Filing  
3/21/2013Melissa LanfreCAOBuy1,732$11.38$19,710.16View SEC Filing  
3/20/2013Ronald J Jr. NicolasCFOBuy5,000$11.34$56,700.00View SEC Filing  
3/20/2013Steven SugarmanCEOBuy2,000$11.34$22,680.00View SEC Filing  
3/15/2013Craig NaselowEVPBuy4,000$11.15$44,600.00View SEC Filing  
3/13/2013Daniel Roy MathisDirectorBuy3,000$11.06$33,180.00View SEC Filing  
3/7/2013Jeffrey T SeaboldDirectorBuy2,500$11.20$28,000.00View SEC Filing  
3/6/2013Robb EvansDirectorBuy10,000$10.90$109,000.00View SEC Filing  
3/6/2013Steven SugarmanCEOBuy10,057$11.18$112,437.26View SEC Filing  
3/5/2013Timothy ChrismanDirectorBuy6,300$10.50$66,150.00View SEC Filing  
8/22/2012Steven SugarmanCEOSell417,827$12.00$5,013,924.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Banc of California (NYSE:BANC)
Latest Headlines for Banc of California (NYSE:BANC)
Source:
DateHeadline
nasdaq.com logoBanc Of California Non-Cumulative Perpetual Preferred Stock, Series D Goes Ex-Dividend Soon - Nasdaq
www.nasdaq.com - May 26 at 4:06 PM
nasdaq.com logoMichael Price Buys Banc of California, FMC, Boston Scientific - Nasdaq
www.nasdaq.com - May 25 at 4:40 PM
streetinsider.com logoForm 3 BANC OF CALIFORNIA, INC. For: May 08 Filed by: Bowers Douglas H
www.streetinsider.com - May 23 at 10:52 AM
finance.yahoo.com logoWeakness Seen in Banc of California (BANC) Estimates: Should You Stay Away?
finance.yahoo.com - May 22 at 10:48 AM
americanbankingnews.com logoBanc of California Inc (BANC) to Issue Quarterly Dividend of $0.13
www.americanbankingnews.com - May 19 at 5:48 PM
seekingalpha.com logoBanc of California declares $0.13 dividend
seekingalpha.com - May 18 at 4:40 PM
americanbankingnews.com logoBanc of California Inc (BANC) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - May 15 at 12:46 PM
americanbankingnews.com logo Brokerages Expect Banc of California Inc (BANC) to Post $0.29 Earnings Per Share
www.americanbankingnews.com - May 8 at 8:14 PM
americanbankingnews.com logoBanc of California Inc (BANC) Downgraded by Keefe, Bruyette & Woods to "Market Perform"
www.americanbankingnews.com - May 7 at 1:36 PM
seekingalpha.com logoBanc of California, Inc. 2017 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 6 at 1:50 AM
finance.yahoo.com logoBanc of California, Inc. breached its 50 day moving average in a Bearish Manner : BANC-US : May 5, 2017
finance.yahoo.com - May 5 at 3:49 PM
americanbankingnews.com logoFBR & Co Cuts Banc of California Inc (BANC) Price Target to $24.00
www.americanbankingnews.com - May 4 at 7:44 AM
finance.yahoo.com logoEdited Transcript of BANC earnings conference call or presentation 3-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 1:58 AM
reuters.com logoBRIEF-Banc Of California Q1 earnings per share $0.23
www.reuters.com - May 3 at 8:57 PM
americanbankingnews.com logoBanc of California Inc (BANC) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS
www.americanbankingnews.com - May 3 at 3:54 PM
nasdaq.com logoBanc of California's Preferred Stock, Series D Yield Pushes Past 7% - Nasdaq
www.nasdaq.com - May 3 at 3:52 PM
finance.yahoo.com logoBanc of California Reports First Quarter 2017 Earnings - Yahoo Finance
finance.yahoo.com - May 3 at 3:52 PM
americanbankingnews.com logoBanc of California (BANC) Earns Daily Media Sentiment Score of 0.06
www.americanbankingnews.com - May 3 at 3:32 PM
finance.yahoo.com logoBanc of California Reports First Quarter 2017 Earnings
finance.yahoo.com - May 3 at 12:33 PM
marketbeat.com logoBanc of California misses Street 1Q forecasts
marketbeat.com - May 3 at 6:42 AM
americanbankingnews.com logoBanc of California Inc (BANC) to Release Quarterly Earnings on Wednesday
www.americanbankingnews.com - May 2 at 10:14 PM
prnewswire.com logoBanc of California Announces Schedule of First Quarter 2017 Earnings Release and Conference Call - PR Newswire (press release)
www.prnewswire.com - May 2 at 3:52 PM
finance.yahoo.com logoBanc of California Announces Schedule of First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - May 2 at 10:25 AM
latimes.com logoBanc of California chooses outsider to replace CEO who resigned amid scandal
www.latimes.com - April 28 at 5:46 PM
streetinsider.com logoBanc of California (BANC) Names Doug Bowers as CEO - StreetInsider.com
www.streetinsider.com - April 27 at 9:15 PM
americanbankingnews.com logoBanc of California (BANC) Getting Somewhat Positive Media Coverage, Analysis Shows
www.americanbankingnews.com - April 27 at 4:44 PM
finance.yahoo.com logoBanc of California Names Doug Bowers President and Chief Executive Officer
finance.yahoo.com - April 27 at 4:13 PM
reuters.com logoBRIEF-Banc of California, co, administrative agent, lenders enters into amendment of credit agreement
www.reuters.com - April 26 at 11:27 AM
finance.yahoo.com logoBank Stocks' Earnings to Watch on Apr 27: ISBC, GWB & More
finance.yahoo.com - April 26 at 11:26 AM
americanbankingnews.com logoBanc of California (BANC) Earns Media Impact Rating of 0.02
www.americanbankingnews.com - April 24 at 6:02 PM
finance.yahoo.com logoStocks With Rising Composite Ratings: Banc of California
finance.yahoo.com - April 24 at 3:47 PM
americanbankingnews.com logoBanc of California Inc (BANC) Expected to Post Quarterly Sales of $151.51 Million
www.americanbankingnews.com - April 19 at 9:26 AM
americanbankingnews.com logoBanc of California (BANC) Receiving Somewhat Favorable Media Coverage, Study Shows
www.americanbankingnews.com - April 19 at 8:51 AM
americanbankingnews.com logoBanc of California Inc (BANC) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - April 18 at 3:18 PM
americanbankingnews.com logo$0.28 Earnings Per Share Expected for Banc of California Inc (BANC) This Quarter
www.americanbankingnews.com - April 18 at 12:09 AM
seekingalpha.com logoBanc Of California's Earnings Show Is Over - Seeking Alpha
seekingalpha.com - April 17 at 10:38 AM
americanbankingnews.com logoBanc of California Inc (BANC) Upgraded to Outperform at Wells Fargo & Co
www.americanbankingnews.com - April 15 at 7:23 AM
americanbankingnews.com logoBanc of California Inc (BANC) Set to Announce Quarterly Earnings on Monday
www.americanbankingnews.com - April 14 at 8:22 PM
americanbankingnews.com logoBanc of California (BANC) Getting Favorable News Coverage, Report Shows
www.americanbankingnews.com - April 14 at 5:58 PM
finance.yahoo.com logoAre Options Traders Betting on a Big Move in Banc Of California (BANC) Stock? - Yahoo Finance
finance.yahoo.com - April 12 at 8:51 PM
americanbankingnews.com logoBanc of California Target of Unusually Large Options Trading (BANC)
www.americanbankingnews.com - April 12 at 6:51 PM
americanbankingnews.com logoBanc of California Inc (BANC) Downgraded by Zacks Investment Research
www.americanbankingnews.com - April 10 at 10:16 PM
finance.yahoo.com logoMary Curran and Bonnie Hill Appointed to Board of Directors and Eric Holoman Announces Resignation
finance.yahoo.com - April 7 at 8:20 AM
finance.yahoo.com logoBanc of California, Inc. : BANC-US: Dividend Analysis : March 15th, 2017 (record date) : By the numbers : April 5, 2017
finance.yahoo.com - April 7 at 8:20 AM
americanbankingnews.com logoBanc of California Inc (BANC) Earns "Buy" Rating from FBR & Co
www.americanbankingnews.com - April 5 at 9:12 PM
americanbankingnews.com logoBanc of California Inc (BANC) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - April 4 at 11:10 PM
biz.yahoo.com logoBANC OF CALIFORNIA, INC. Files SEC form 8-K, Other Events
biz.yahoo.com - April 3 at 4:12 PM
bizjournals.com logoCaliber Home Loans Completes Acquisition of Banc Home Loans
www.bizjournals.com - March 31 at 3:55 PM
americanbankingnews.com logoBanc of California Inc (BANC) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - March 24 at 1:53 PM
americanbankingnews.com logoBanc of California Inc (BANC) EVP Sells $307,069.50 in Stock
www.americanbankingnews.com - March 22 at 7:43 PM

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Banc of California (BANC) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff