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

$12.32
+0.76 (+6.57%)
(As of 12:15 PM ET)
Compare
Today's Range
$11.56
$12.48
50-Day Range
$10.73
$12.82
52-Week Range
$9.72
$18.26
Volume
2.07 million shs
Average Volume
1.11 million shs
Market Capitalization
$707.66 million
P/E Ratio
7.04
Dividend Yield
3.25%
Price Target
$16.75

Banc of California MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
41.8% Upside
$16.75 Price Target
Short Interest
Bearish
17.71% 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.

2.89 out of 5 stars

Finance Sector

69th out of 878 stocks

National Commercial Banks Industry

11th out of 85 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, 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

BANC Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Banc Of California Q3 Profit Rises - Quick Facts
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Q3 2023 Banc of California Inc Earnings Call
RTX Corporation Q3 Earnings Summary
Banc of California (BANC) Q3 Earnings Lag Estimates
Banc of California reports Q3 results
Wells Fargo Sticks to Its Hold Rating for Banc of California (BANC)
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
12/01/2023
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

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Previous Symbol
NASDAQ:FPTB
CUSIP
33589V10
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
+41.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$120.94 million
Pretax Margin
27.97%

Debt

Sales & Book Value

Annual Sales
$390.12 million
Cash Flow
$2.57 per share
Book Value
$17.44 per share

Miscellaneous

Free Float
53,210,000
Market Cap
$678.94 million
Optionable
Optionable
Beta
1.24

Social Links

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Key Executives

  • Mr. Jared M. WolffMr. 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














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 12 month price objectives 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 $16.75 in the next year. This suggests a possible upside of 41.8% 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 25.9% and is now trading at $11.81.
View the best growth stocks for 2023 here
.

Are investors shorting Banc of California?

Banc of California saw a increase in short interest during the month of 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 trading volume of 1,670,000 shares, the days-to-cover ratio is currently 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, topping analysts' consensus estimates of $0.29 by $0.01. The bank earned $120 million during the quarter, compared to analyst estimates of $76.84 million. Banc of California had a net margin of 20.18% and a trailing twelve-month return on equity of 8.65%. During the same period last year, the company earned $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 dividend yield of 3.39%. The ex-dividend date 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 3.38%. 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 variety of retail and institutional 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 12/1/2023 by MarketBeat.com Staff

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