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 twelve months. There are currently 2 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?

2 brokerages have issued 1 year price targets for Banc of California's stock. Their BANC share price targets range from $13.50 to $21.50. On average, they predict the company's share price to reach $16.75 in the next twelve months. This suggests a possible upside of 42.1% 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 on January 1st, 2023. Since then, BANC shares have decreased by 26.0% and is now trading at $11.79. View the best growth stocks for 2023 here .

Are investors shorting Banc of California?

Banc of California saw a increase in short interest in October. As of October 31st, there was short interest totaling 10,430,000 shares, an increase of 48.8% from the October 15th total of 7,010,000 shares. Based on an average daily trading volume, of 1,670,000 shares, the days-to-cover ratio is presently 6.2 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, January 18th 2024. View our BANC earnings forecast .

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) released its earnings results on Tuesday, October, 24th. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The bank earned $120 million during the quarter, compared to analysts' expectations of $76.84 million. Banc of California had a trailing twelve-month return on equity of 8.65% and a net margin of 20.18%. During the same quarter in the prior year, the business posted $0.44 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 Friday, November 10th. Investors of record on Friday, December 15th will be given a dividend of $0.10 per share on Tuesday, January 2nd. This represents a $0.40 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, December 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 3.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BANC will have a dividend payout ratio of 25.81% 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) .

Who are Banc of California's major shareholders?

Banc of California's stock is owned by a number of institutional and retail investors. Top institutional investors include Patriot Financial Partners GP LP (3.31%), Victory Capital Management Inc. (3.27%), William Blair Investment Management LLC (3.22%), Kennedy Capital Management LLC (3.16%), Endeavour Capital Advisors Inc. (2.58%) and LSV Asset Management (1.38%). 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 .

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

$11.78

-0.18 (-1.51%)

(As of 10:28 AM ET)

Compare

Today's Range: $11.61
▼
$11.93
50-Day Range: $10.73
▼
$12.82
52-Week Range: $9.72
▼
$18.26

Volume: 469,174 shs
Average Volume: 1.03 million shs
Market Capitalization: $676.64 million

P/E Ratio: 6.73
Dividend Yield: 3.40%
Price Target: $16.75

Banc of California MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 42.1% Upside
$16.75 Price Target
Short Interest: Bearish
18.16% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 64.89%
From $0.94 to $1.55 Per Share

Overall MarketRank^™

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

2.78 out of 5 stars

Finance Sector

102nd out of 844 stocks

National Commercial Banks Industry

19th out of 83 stocks

3.0

Analyst's Opinion

Consensus Rating
Banc of California has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.75, Banc of California has a forecasted upside of 42.1% from its current price of $11.79.
Amount of Analyst Coverage
Banc of California has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
18.16% of the outstanding shares of Banc of California have been sold short.
Short Interest Ratio / Days to Cover
Banc of California has a short interest ratio ("days to cover") of 6.2.
Change versus previous month
Short interest in Banc of California has recently increased by 48.79%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Banc of California pays a meaningful dividend of 3.23%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Banc of California has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Banc of California is 22.86%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Banc of California will have a dividend payout ratio of 25.81% next year. This indicates that Banc of California will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Banc 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 Sustainability
The Environmental Impact score for Banc of California is -0.50.

2.9

News and Social Media Coverage

News Sentiment
Banc of California has a news sentiment score of 1.16. 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 higher news sentiment than the 0.78 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Banc of California this week, compared to 4 articles on an average week.
Search Interest
2 people have searched for BANC on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Banc of California insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.37% of the stock of Banc of California is held by insiders.
Percentage Held by Institutions
88.55% 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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Banc of California are expected to grow by 64.89% in the coming year, from $0.94 to $1.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Banc of California is 6.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Banc of California is 6.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.84.
Price to Book Value per Share Ratio
Banc of California has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Banc of California Stock (NYSE:BANC)

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking and financial products and services in the United States. The company offers deposit products, including interest-bearing and noninterest-bearing demand, checking, savings, and money market deposits accounts; certificate of deposits; and retirement accounts and safe deposit boxes. It also provides various commercial and consumer loan products, such as commercial and industrial loans; commercial real estate and multifamily loans; construction loans; single family residential mortgage loans; warehouse and indirect/direct leveraged lending; home equity lines of credit; small business administration loans; and consumer loans comprising lines of credit and term loans, as well as and other consumer loans, including automobile loans. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, interest rate swaps, card payment, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and internet banking services; and master demand accounts. Further, it invests in agency securities, municipal bonds, agency residential mortgage-backed securities, and corporate debt securities. The company was formerly known as First PacTrust Bancorp, Inc. and changed its name to Banc of California, Inc. in July 2013. Banc of California, Inc. was founded in 1941 and is headquartered in Santa Ana, California.

BANC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BANC Stock News Headlines

November 23, 2023 | finance.yahoo.com

PacWest (PACW)-Banc of California (BANC) Deal Gets Shareholder Nod

November 10, 2023 | msn.com

Banc of California maintains quarterly dividend of $0.10

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October 27, 2023 | finance.yahoo.com

Earnings growth of 6.5% over 5 years hasn't been enough to translate into positive returns for Banc of California (NYSE:BANC) shareholders

October 26, 2023 | markets.businessinsider.com

Banc Of California Q3 Profit Rises - Quick Facts

October 26, 2023 | finance.yahoo.com

Banc of California Announces Appointments of Four Directors to its Board of Directors in Connection with its Merger with PacWest Bancorp

October 25, 2023 | msn.com

HarborOne Bancorp (HONE) Tops Q3 Earnings and Revenue Estimates

October 25, 2023 | markets.businessinsider.com

Analysts Conflicted on These Financial Names: Ares Capital (ARCC), Banc of California (BANC) and Visa (V)

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October 25, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Financial Companies: Banc of California (BANC), Ares Capital (ARCC) and TransUnion (TRU)

October 25, 2023 | finance.yahoo.com

Banc of California, Inc. (NYSE:BANC) Q3 2023 Earnings Call Transcript

October 25, 2023 | finance.yahoo.com

Q3 2023 Banc of California Inc Earnings Call

October 24, 2023 | seekingalpha.com

PacWest, Banc of California stocks drop after posting Q3 earnings

October 24, 2023 | markets.businessinsider.com

RTX Corporation Q3 Earnings Summary

October 24, 2023 | bloomberg.com

Banc of California Sees Deposits Unexpectedly Drop in Quarter

October 24, 2023 | finance.yahoo.com

Banc of California (BANC) Q3 Earnings Lag Estimates

October 24, 2023 | finance.yahoo.com

Banc of California (BANC) Reports Q3 Earnings: What Key Metrics Have to Say

October 24, 2023 | finance.yahoo.com

PacWest Bancorp (PACW) Q3 2023 Earnings: A Mixed Bag Amid Merger Plans

October 24, 2023 | msn.com

Banc of California reports Q3 results

October 24, 2023 | finance.yahoo.com

Banc of California Reports Net Income of $42.6 million, with Stable Deposit Mix and Improved Net Interest Margin in Third Quarter 2023 Financial Results

October 23, 2023 | msn.com

Banc of California Q3 2023 Earnings Preview

October 20, 2023 | msn.com

The Making of a Mortgage Giant. Loopholes and Nonprofits

October 20, 2023 | finance.yahoo.com

The Making of a Mortgage Giant. How a Nonprofit Leader Opened the Door to a Massive Loophole.

October 11, 2023 | markets.businessinsider.com

Wells Fargo Sticks to Its Hold Rating for Banc of California (BANC)

October 9, 2023 | msn.com

Halsey and Catherine O'Hara to Alternate as Sally in ‘Nightmare Before Christmas' Production at Hollywood Bowl

October 5, 2023 | markets.businessinsider.com

Wells Fargo Analyst Downgrades ASB, BANC, FIBK, FHN Citing Interest Rate Pressures And Credit Risks

October 5, 2023 | finance.yahoo.com

Banc of California Announces Schedule of Third Quarter 2023 Earnings Release and Conference Call

See More Headlines

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Company Calendar

Ex-Dividend for 10/2 Dividend: 9/14/2023
Dividend Payable: 10/02/2023
Last Earnings: 10/24/2023
Today: 11/28/2023
Ex-Dividend for 1/2 Dividend: 12/14/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/02/2024
Next Earnings (Estimated): 1/18/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: National commercial banks
Sub-Industry: Thrifts & Mortgage Finance
Sector: Finance
Current Symbol: NYSE:BANC
Previous Symbol: NASDAQ:FPTB
CUSIP: 33589V10
CIK: 1169770
Web: www.bancofcal.com
Phone: (855) 361-2262
Fax: 619-691-1350
Employees: 685
Year Founded: 1941

Price Target and Rating

Average Stock Price Target: $16.75
High Stock Price Target: $21.50
Low Stock Price Target: $13.50
Potential Upside/Downside: +40.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.75
Trailing P/E Ratio: 6.83
Forward P/E Ratio: 12.72
P/E Growth: N/A
Net Income: $120.94 million
Net Margins: 20.18%
Pretax Margin: 27.97%
Return on Equity: 8.65%
Return on Assets: 0.89%

Debt

Debt-to-Equity Ratio: 1.28
Current Ratio: 1.03
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $390.12 million
Price / Sales: 1.76
Cash Flow: $2.49 per share
Price / Cash Flow: 4.81
Book Value: $16.26 per share
Price / Book: 0.74

Miscellaneous

Outstanding Shares: 57,440,000
Free Float: 53,210,000
Market Cap: $686.98 million
Optionable: Optionable
Beta: 1.24

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Key Executives

Mr. Jared M. Wolff (Age 53)
President, CEO & Chairman
Comp: $1.73M
Mr. Ido Dotan J.D. (Age 42)
Executive VP, General Counsel, Corporate Secretary & Chief Administrative Officer
Comp: $634.18k
Mr. Robert G. Dyck (Age 66)
Senior Executive VP & Chief Credit Officer
Comp: $557.54k
Mr. Hamid Hussain
President
Mr. Joseph Kauder
Executive VP & CFO
Mr. John K. Sotoodeh (Age 52)
Chief Operating Officer
Mr. Raymond J. Rindone (Age 52)
Executive VP, Chief Accounting Officer & Deputy CFO
Mr. Alex Kweskin
Executive VP & Chief Human Resources Officer
Ms. Debbie Dahl-Amundson
Executive VP & Chief Internal Audit Officer
Mr. Guillaume De Chalendar
Senior VP & Head of Media & Entertainment

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BANC Stock Analysis - 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 twelve months. There are currently 2 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?: 2 brokerages have issued 1 year price targets for Banc of California's stock. Their BANC share price targets range from $13.50 to $21.50. On average, they predict the company's share price to reach $16.75 in the next twelve months. This suggests a possible upside of 42.1% 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 on January 1st, 2023. Since then, BANC shares have decreased by 26.0% and is now trading at $11.79.
View the best growth stocks for 2023 here.
Are investors shorting Banc of California?: Banc of California saw a increase in short interest in October. As of October 31st, there was short interest totaling 10,430,000 shares, an increase of 48.8% from the October 15th total of 7,010,000 shares. Based on an average daily trading volume, of 1,670,000 shares, the days-to-cover ratio is presently 6.2 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, January 18th 2024.
View our BANC earnings forecast.
How were Banc of California's earnings last quarter?: Banc of California, Inc. (NYSE:BANC) released its earnings results on Tuesday, October, 24th. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The bank earned $120 million during the quarter, compared to analysts' expectations of $76.84 million. Banc of California had a trailing twelve-month return on equity of 8.65% and a net margin of 20.18%. During the same quarter in the prior year, the business posted $0.44 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 Friday, November 10th. Investors of record on Friday, December 15th will be given a dividend of $0.10 per share on Tuesday, January 2nd. This represents a $0.40 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, December 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 3.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BANC will have a dividend payout ratio of 25.81% 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).
Who are Banc of California's major shareholders?: Banc of California's stock is owned by a number of institutional and retail investors. Top institutional investors include Patriot Financial Partners GP LP (3.31%), Victory Capital Management Inc. (3.27%), William Blair Investment Management LLC (3.22%), Kennedy Capital Management LLC (3.16%), Endeavour Capital Advisors Inc. (2.58%) and LSV Asset Management (1.38%). 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.

This page (NYSE:BANC) was last updated on 11/28/2023 by MarketBeat.com Staff

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

Banc of California MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Banc of California Stock (NYSE:BANC)

BANC Stock Price History

BANC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

BANC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™