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NYSE:BANC

Banc of California Stock Forecast, Price & News

$13.77
+0.57 (+4.32 %)
(As of 11/23/2020 12:00 AM ET)
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Today's Range
$13.02
Now: $13.77
$13.80
50-Day Range
$10.61
MA: $12.10
$13.84
52-Week Range
$6.44
Now: $13.77
$19.12
Volume295,410 shs
Average Volume312,076 shs
Market Capitalization$691.80 million
P/E RatioN/A
Dividend Yield1.82%
Beta1.89
Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest-bearing and noninterest-bearing demand accounts, as well as certificate of deposits. 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 other consumer loans. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, card payment, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and internet banking services; and master demand accounts, interest rate swaps, and safe deposit boxes. Further, it invests in collateralized loan obligations, agency securities, municipal bonds, agency residential mortgage-backed securities, and corporate debt securities. As of October 27, 2020, the company operated 31 full-service branches in Southern California. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.13 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Previous SymbolNASDAQ:FPTB
CUSIP33589V10
Phone855-361-2262
Employees652

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$403.23 million
Cash Flow$1.65 per share
Book Value$13.72 per share

Profitability

Net Income$23.76 million

Miscellaneous

Market Cap$691.80 million
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$13.77
+0.57 (+4.32 %)
(As of 11/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Banc of California (NYSE:BANC) Frequently Asked Questions

How has Banc of California's stock price been impacted by Coronavirus?

Banc of California's stock was trading at $11.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BANC stock has increased by 15.7% and is now trading at $13.77.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Banc of California?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Banc of California
.

What stocks does MarketBeat like better than Banc of California?

Wall Street analysts have given Banc of California a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Banc of California wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Banc of California's next earnings date?

Banc of California is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Banc of California
.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) released its quarterly earnings data on Thursday, October, 22nd. The bank reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.15 by $0.09. The bank earned $59.80 million during the quarter, compared to analyst estimates of $61.98 million. Banc of California had a net margin of 1.62% and a return on equity of 3.88%. The firm's quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the business posted ($0.45) EPS.
View Banc of California's earnings history
.

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 Wednesday, November 18th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.06 per share on Monday, January 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, December 14th.
View Banc of California's dividend history
.

What price target have analysts set for BANC?

4 Wall Street analysts have issued 12 month target prices for Banc of California's stock. Their forecasts range from $12.00 to $14.00. On average, they expect Banc of California's stock price to reach $13.13 in the next twelve months. This suggests that the stock has a possible downside of 4.7%.
View analysts' price targets for Banc of California
.

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

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 key executives?

Banc of California's management team includes the following people:
  • Mr. Jared M. Wolff, Pres, CEO & Director (Age 50, Pay $1.56M)
  • Ms. Lynn M. Hopkins, CFO & Exec. VP (Age 52, Pay $181.59k)
  • Mr. Michael A. Smith, Sr. VP, Chief Accounting Officer & Director of Treasury (Age 53, Pay $436.45k)
  • Ms. Lynn A. Sullivan, Exec. VP & Chief Risk Officer (Age 51, Pay $659.02k)
  • Mr. Ido Dotan J.D., Exec. VP, Gen. Counsel & Corp. Sec. (Age 40, Pay $523.62k)
  • Mr. Jay D. Sanders, Pres of Private & Specialty Banking
  • Mr. Joubin Rahimi, Sr. VP of Private Banking
  • Mr. Douglas Rosenthal, Sr. VP & Relationship Mang.
  • Ms. Christine Martin, Exec. VP of Treasury Management, Operations & Systems
  • Mr. Robert G. Dyck, Exec. VP & Chief Credit Officer (Age 63)

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.16%), State Street Corp (3.64%), Victory Capital Management Inc. (1.84%), Smith Graham & Co. Investment Advisors LP (1.20%), Prudential PLC (0.99%) and William Blair Investment Management LLC (0.94%). Company insiders that own Banc of California stock include James Andrew Barker, Jared M Wolff, Mary A Curran, Robert D Sznewajs and W Kirk Wycoff.
View institutional ownership trends for Banc of California
.

Which institutional investors are selling Banc of California stock?

BANC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Maltese Capital Management LLC, State Street Corp, William Blair Investment Management LLC, Hennessy Advisors Inc., Squarepoint Ops LLC, Victory Capital Management Inc., and Wells Fargo & Company MN.
View insider buying and selling activity for Banc of California
.

Which institutional investors are buying Banc of California stock?

BANC stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Paloma Partners Management Co, GSA Capital Partners LLP, Sippican Capital Advisors, BNP Paribas Arbitrage SA, State of New Jersey Common Pension Fund D, Louisiana State Employees Retirement System, and Gamco Investors INC. ET AL. Company insiders that have bought Banc of California stock in the last two years include James Andrew Barker, Jared M Wolff, Mary A Curran, and Robert D Sznewajs.
View insider buying and selling activity for Banc of California
.

How do I buy shares of Banc of California?

Shares of BANC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Banc of California's stock price today?

One share of BANC stock can currently be purchased for approximately $13.77.

How big of a company is Banc of California?

Banc of California has a market capitalization of $691.80 million and generates $403.23 million in revenue each year. The bank earns $23.76 million in net income (profit) each year or $0.79 on an earnings per share basis. Banc of California employs 652 workers across the globe.

What is Banc of California's official website?

The official website for Banc of California is www.bancofcal.com.

How can I contact Banc of California?

Banc of California's mailing address is 3 MACARTHUR PLACE, SANTA ANA CA, 92707. The bank can be reached via phone at 855-361-2262 or via email at [email protected]

This page was last updated on 11/24/2020 by MarketBeat.com Staff

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