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NYSE:BANC

Banc of California - BANC Stock Forecast, Price & News

$16.39
+0.42 (+2.63%)
(As of 10/3/2022 12:00 AM ET)
Add
Compare
Today's Range
$15.97
$16.49
50-Day Range
$15.97
$18.30
52-Week Range
$15.91
$22.09
Volume
360,858 shs
Average Volume
292,531 shs
Market Capitalization
$983.07 million
P/E Ratio
10.18
Dividend Yield
1.50%
Price Target
$22.00

Banc of California MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
34.2% Upside
$22.00 Price Target
Short Interest
Healthy
2.10% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
-0.55mentions of Banc of California in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.37%
From $2.08 to $2.01 Per Share

Overall MarketRank

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

2.38 out of 5 stars

Finance Sector

573rd out of 927 stocks

National Commercial Banks Industry

59th out of 89 stocks

BANC stock logo

About Banc of California (NYSE:BANC) Stock

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 December 31, 2020, the company operated 29 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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BANC Stock News Headlines

BANC Banc of California, Inc.
Banc of California (NYSE:BANC) Sets New 1-Year Low at $16.10
Social Gloves 2 Results: McBroom vs. Gib
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BANC Company Calendar

Last Earnings
7/21/2022
Ex-Dividend for 10/3 Dividend
9/14/2022
Today
10/03/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Previous Symbol
NASDAQ:FPTB
CUSIP
33589V10
Employees
673
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$22.00
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+34.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$62.35 million
Pretax Margin
41.35%

Debt

Sales & Book Value

Annual Sales
$310.59 million
Cash Flow
$1.59 per share
Book Value
$15.49 per share

Miscellaneous

Free Float
52,614,000
Market Cap
$983.07 million
Optionable
Optionable
Beta
1.28

Key Executives

  • Mr. Jared M. WolffMr. Jared M. Wolff (Age 52)
    Pres, CEO & Director
    Comp: $1.89M
  • Ms. Lynn M. Hopkins (Age 54)
    CFO & Exec. VP
    Comp: $894.83k
  • Mr. Ido Dotan J.D. (Age 42)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $674.77k
  • Ms. Lynn A. Sullivan (Age 53)
    Exec. VP & Chief Risk Officer
    Comp: $778.3k
  • Mr. Robert G. Dyck (Age 65)
    Exec. VP & Chief Credit Officer
    Comp: $587.35k
  • Mr. John K. Sotoodeh
    Chief Operating Officer
  • Ms. Diana C. Hanson (Age 52)
    Sr. VP & Chief Accounting Officer
  • Mr. Alex Kweskin
    Exec. VP & Chief HR Officer
  • Mr. Joubin Rahimi
    Sr. VP of Private Banking
  • Mr. Douglas Rosenthal
    Sr. VP & Relationship Mang.













BANC Stock - 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 year. 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 forecast for 2022?

2 Wall Street research analysts have issued 12-month target prices for Banc of California's stock. Their BANC share price forecasts range from $22.00 to $22.00. On average, they expect the company's stock price to reach $22.00 in the next year. This suggests a possible upside of 33.6% 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 2022?

Banc of California's stock was trading at $19.62 on January 1st, 2022. Since then, BANC shares have decreased by 16.1% and is now trading at $16.47.
View the best growth stocks for 2022 here
.

Are investors shorting Banc of California?

Banc of California saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,300,000 shares, a decrease of 7.8% from the August 15th total of 1,410,000 shares. Based on an average daily volume of 293,600 shares, the short-interest ratio is currently 4.4 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, October 20th 2022.
View our BANC earnings forecast
.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) posted its quarterly earnings results on Thursday, July, 21st. The bank reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. The bank earned $85.49 million during the quarter, compared to analyst estimates of $85.95 million. Banc of California had a trailing twelve-month return on equity of 12.37% and a net margin of 29.80%. During the same period in the previous year, the company earned $0.32 EPS.

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, August 5th. Investors of record on Thursday, September 15th will be paid a dividend of $0.06 per share on Monday, October 3rd. This represents a $0.24 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Wednesday, September 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 $0.24 per share and currently has a dividend yield of 1.50%. The dividend payout ratio is 14.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BANC will have a dividend payout ratio of 11.94% 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).

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 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.

What is Banc of California's stock price today?

One share of BANC stock can currently be purchased for approximately $16.47.

How much money does Banc of California make?

Banc of California (NYSE:BANC) has a market capitalization of $987.87 million and generates $310.59 million in revenue each year. The bank earns $62.35 million in net income (profit) each year or $1.61 on an earnings per share basis.

How many employees does Banc of California have?

The company employs 673 workers across the globe.

How can I contact Banc of California?

Banc of California's mailing address is 3 MACARTHUR PLACE, SANTA ANA CA, 92707. The official website for the company is www.bancofcal.com. The bank can be reached via phone at (855) 361-2262, via email at ir@bancofcal.com, or via fax at 619-691-1350.

This page (NYSE:BANC) was last updated on 10/3/2022 by MarketBeat.com Staff

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