Banc of California - BANC Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last year. There are currently 2 hold ratings and 1 buy rating 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.

3 brokerages have issued 1 year price objectives for Banc of California's stock. Their BANC share price forecasts range from $19.00 to $22.00. On average, they expect the company's share price to reach $20.33 in the next twelve months. This suggests a possible upside of 60.2% from the stock's current price.
View analysts price targets for BANC or view top-rated stocks among Wall Street analysts.

Banc of California's stock was trading at $15.93 on January 1st, 2023. Since then, BANC stock has decreased by 20.3% and is now trading at $12.69.
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Banc of California saw a increase in short interest in March. As of March 15th, there was short interest totaling 1,520,000 shares, an increase of 33.3% from the February 28th total of 1,140,000 shares. Based on an average daily volume of 491,200 shares, the short-interest ratio is currently 3.1 days.
View Banc of California's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our BANC earnings forecast.

Banc of California, Inc. (NYSE:BANC) issued its quarterly earnings data on Thursday, January, 19th. The bank reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The bank earned $78.79 million during the quarter, compared to analyst estimates of $86 million. Banc of California had a trailing twelve-month return on equity of 13.52% and a net margin of 31.00%.

Banc of California declared a quarterly dividend on Monday, February 13th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.10 per share on Monday, April 3rd. This represents a $0.40 annualized dividend and a yield of 3.15%. The ex-dividend date is Tuesday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.06.
Read our dividend analysis for BANC.

ETFs with the largest weight of Banc of California (NYSE:BANC) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), iShares US Small Cap Value Factor ETF (SVAL), SPDR S&P Regional Banking ETF (KRE), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), VictoryShares US Small Cap Volatility Wtd ETF (CSA), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

Banc of California (NYSE:BANC) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.19%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BANC will have a dividend payout ratio of 22.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BANC.

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.

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).

Banc of California trades on the New York Stock Exchange (NYSE) under the ticker symbol "BANC."

Banc of California's stock is owned by a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.43%), William Blair Investment Management LLC (3.24%), Endeavour Capital Advisors Inc. (3.24%), Victory Capital Management Inc. (1.93%), Victory Capital Management Inc. (1.96%) and Victory Capital Management Inc. (1.91%). Insiders that own company stock include James Andrew Barker, Jared M Wolff, Jared M Wolff, Mary A Curran and Robert D Sznewajs.
View institutional ownership trends.

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.
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One share of BANC stock can currently be purchased for approximately $12.69.

Banc of California (NYSE:BANC) has a market capitalization of $749.09 million and generates $390.12 million in revenue each year. The bank earns $120.94 million in net income (profit) each year or $1.88 on an earnings per share basis.

The company employs 673 workers across the globe.

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.