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

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$13.25 -0.56 (-4.06 %)
(As of 03/24/2019 07:50 AM ET)
Previous Close$13.25
Today's Range$13.17 - $13.70
52-Week Range$12.22 - $20.45
Volume541,161 shs
Average Volume732,712 shs
Market Capitalization$671.25 million
P/E Ratio27.04
Dividend Yield3.92%
Beta1.28
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's deposits consist of checking, savings, money market, retirement, and interest and non-interest bearing demand accounts, as well as certificates of deposit; and commercial and consumer loan products include commercial and industrial loans, commercial real estate loans, multi-family loans, small business administration (SBA) guaranteed business loans, construction and renovation loans, single family residential mortgage loans, warehouse loans, asset-insurance-or security backed loans, home equity lines of credit, consumer and business lines of credit, home equity loans, and other consumer loans. It also invests in SBA loan pool securities, mortgage-backed securities, corporate bonds, and collateralized loan obligations. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, interest rate swaps, card payment services, remote and mobile deposit capture, ACH origination, wire transfer, direct deposit services, and safe deposit boxes, as well as Internet banking services. As of December 31, 2017, it operated 34 branches in San Diego, Orange, Santa Barbara, and Los Angeles counties in 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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$446.71 million
Cash Flow$1.2291 per share
Book Value$14.10 per share

Profitability

Net Income$45.47 million

Miscellaneous

EmployeesN/A
Market Cap$671.25 million
Next Earnings Date4/26/2019 (Estimated)
OptionableOptionable

Banc of California (NYSE:BANC) Frequently Asked Questions

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, February 15th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.13 per share on Monday, April 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, March 14th. View Banc of California's Dividend History.

How were Banc of California's earnings last quarter?

Banc of California Inc (NYSE:BANC) issued its earnings results on Thursday, January, 24th. The bank reported $0.05 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.18. The bank had revenue of $73.50 million for the quarter, compared to analyst estimates of $76 million. Banc of California had a return on equity of 6.62% and a net margin of 10.18%. The firm's revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. View Banc of California's Earnings History.

When is Banc of California's next earnings date?

Banc of California is scheduled to release their next quarterly earnings announcement on Friday, April 26th 2019. View Earnings Estimates for Banc of California.

What price target have analysts set for BANC?

5 equities research analysts have issued 1-year target prices for Banc of California's stock. Their forecasts range from $14.00 to $20.00. On average, they expect Banc of California's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price. View Analyst Price Targets for Banc of California.

What is the consensus analysts' recommendation for Banc of California?

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

Has Banc of California been receiving favorable news coverage?

Media coverage about BANC stock has trended positive this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Banc of California earned a news sentiment score of 2.1 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the next few days.

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 General Electric (GE), Cisco Systems (CSCO), AT&T (T), AbbVie (ABBV), American Airlines Group (AAL), Twilio (TWLO), Advanced Micro Devices (AMD), Ford Motor (F), Alibaba Group (BABA) and Bristol-Myers Squibb (BMY).

Who are Banc of California's key executives?

Banc of California's management team includes the folowing people:
  • Mr. Douglas H. Bowers, Pres, CEO & Director (Age 61)
  • Mr. John A. Bogler CPA, CFA, Exec. VP, CFO & Interim Principal Accounting Officer (Age 53)
  • Mr. Hugh F. Boyle, Chief Risk Officer (Age 59)
  • Mr. John C. Grosvenor Esq., J.D., Gen. Counsel Emeritus (Age 69)
  • Ms. Angelee J. Harris, Exec. VP & Gen. Counsel (Age 49)

Who are Banc of California's major shareholders?

Banc of California's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.72%), Dimensional Fund Advisors LP (6.41%), Ranger Investment Management L.P. (4.55%), EJF Capital LLC (4.05%), Patriot Financial Partners GP LP (2.89%) and Investment Counselors of Maryland LLC (2.24%). Company insiders that own Banc of California stock include Barbara Fallon-Walsh, Douglas H Bowers, Geoffrey Balderson, John A Bogler, John C Grosvenor, Mary A Curran, Michael Alan Smith 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 Victory Capital Management Inc., Patriot Financial Partners GP LP, New York State Common Retirement Fund, Second Curve Capital LLC, Comerica Bank, Prudential PLC, Clover Partners L.P. and Skyline Asset Management LP. Company insiders that have sold Banc of California company stock in the last year include John C Grosvenor and W Kirk Wycoff. View Insider Buying and Selling for Banc of California.

Which institutional investors are buying Banc of California stock?

BANC stock was purchased by a variety of institutional investors in the last quarter, including EJF Capital LLC, Shoals Capital Management LP, Dimensional Fund Advisors LP, BlackRock Inc., Seidman Lawrence B, Investment Counselors of Maryland LLC, Peregrine Capital Management LLC and Ranger Investment Management L.P.. Company insiders that have bought Banc of California stock in the last two years include Barbara Fallon-Walsh, Douglas H Bowers, John A Bogler, Mary A Curran and Michael Alan Smith. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Banc of California's stock price today?

One share of BANC stock can currently be purchased for approximately $13.25.

How big of a company is Banc of California?

Banc of California has a market capitalization of $671.25 million and generates $446.71 million in revenue each year. The bank earns $45.47 million in net income (profit) each year or $0.49 on an earnings per share basis.

What is Banc of California's official website?

The official website for Banc of California is http://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]


MarketBeat Community Rating for Banc of California (NYSE BANC)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  251 (Vote Outperform)
Underperform Votes:  279 (Vote Underperform)
Total Votes:  530
MarketBeat's community ratings are surveys of what our community members think about Banc of California and other stocks. Vote "Outperform" if you believe BANC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BANC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

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