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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:BANC

Banc of California Stock Forecast, Price & News

$17.94
+0.32 (+1.82%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$17.43
$17.96
50-Day Range
$17.02
$19.24
52-Week Range
$15.40
$22.09
Volume
436,173 shs
Average Volume
298,671 shs
Market Capitalization
$1.10 billion
P/E Ratio
11.80
Dividend Yield
1.36%
Price Target
$22.00

Banc of California Stock Forecast (MarketRank)

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
22.6% Upside
$22.00 Price Target
Short Interest
Healthy
1.79% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.49
Upright™ Environmental Score
News Sentiment
0.34mentions of Banc of California in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.45%
From $1.88 to $2.02 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.23 out of 5 stars

Finance Sector

360th out of 1,394 stocks

National Commercial Banks Industry

47th out of 111 stocks

30 days | 90 days | 365 days | Advanced Chart

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Banc of California logo

About Banc of California (NYSE:BANC)

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.

BANC Stock News Headlines

See More Headlines

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

Company Calendar

Last Earnings
4/21/2022
Ex-Dividend for 7/1 Dividend
6/14/2022
Today
7/01/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
7/28/2022
Fiscal Year End
12/31/2022

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
+22.6%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
2 Analysts

Profitability

Net Income
$62.35 million
Pretax Margin
40.65%

Debt

Sales & Book Value

Annual Sales
$310.59 million
Cash Flow
$1.57 per share
Book Value
$15.49 per share

Miscellaneous

Free Float
53,851,000
Market Cap
$1.10 billion
Optionable
Optionable
Beta
1.44














Banc of California Frequently Asked Questions

Should I buy or sell Banc of California stock right now?

2 Wall Street research 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 research analysts is that investors should "hold" Banc of California stock. 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 analyst ratings for Banc of California
or view top-rated stocks.

What is Banc of California's stock price forecast for 2022?

2 Wall Street research analysts have issued twelve-month price targets for Banc of California's shares. Their BANC stock forecasts range from $22.00 to $22.00. On average, they expect Banc of California's share price to reach $22.00 in the next year. This suggests a possible upside of 22.6% from the stock's current price.
View analysts' price targets for Banc of California
or view top-rated stocks among Wall Street analysts.

How has Banc of California's stock performed in 2022?

Banc of California's stock was trading at $19.62 on January 1st, 2022. Since then, BANC shares have decreased by 8.6% and is now trading at $17.94.
View the best growth stocks for 2022 here
.

Are investors shorting Banc of California?

Banc of California saw a drop in short interest during the month of May. As of May 31st, there was short interest totaling 1,180,000 shares, a drop of 18.6% from the May 15th total of 1,450,000 shares. Based on an average daily trading volume, of 310,500 shares, the days-to-cover ratio is presently 3.8 days.
View Banc of California's Short Interest
.

When is Banc of California's next earnings date?

Banc of California is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Banc of California
.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) posted its earnings results on Thursday, April, 21st. The bank reported $0.75 EPS for the quarter, beating the consensus estimate of $0.46 by $0.29. The bank had revenue of $82.35 million for the quarter, compared to analyst estimates of $79.90 million. Banc of California had a net margin of 29.44% and a trailing twelve-month return on equity of 12.00%. During the same period last year, the company earned $0.25 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 Friday, May 13th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.06 per share on Friday, July 1st. This represents a $0.24 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, June 14th.
View Banc of California's dividend history
.

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 1.36%. The dividend payout ratio of Banc of California is 15.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Banc of California will have a dividend payout ratio of 11.88% next year. This indicates that Banc of California will be able to sustain or increase its dividend.
View Banc of California's dividend history.

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

What is Jared Wolff's approval rating as Banc of California's CEO?

26 employees have rated Banc of California CEO Jared Wolff on Glassdoor.com. Jared Wolff has an approval rating of 82% among Banc of California'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 (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 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 $17.94.

How much money does Banc of California make?

Banc of California (NYSE:BANC) has a market capitalization of $1.10 billion and generates $310.59 million in revenue each year. The bank earns $62.35 million in net income (profit) each year or $1.519990 on an earnings per share basis.

How many employees does Banc of California have?

Banc of California 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 Banc of California is www.bancofcal.com. The bank can be reached via phone at (855) 361-2262, via email at [email protected], or via fax at 619-691-1350.

This page (NYSE:BANC) was last updated on 7/2/2022 by MarketBeat.com Staff

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