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NYSE:BANCBanc of California Stock Price, Forecast & News

$11.40
-0.92 (-7.47 %)
(As of 05/28/2020 04:00 PM ET)
Add
Compare
Today's Range
$11.37
Now: $11.40
$12.63
50-Day Range
$7.64
MA: $9.64
$12.32
52-Week Range
$6.44
Now: $11.40
$19.12
Volume354,500 shs
Average Volume393,046 shs
Market Capitalization$571.79 million
P/E RatioN/A
Dividend Yield1.95%
Beta1.88
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 and noninterest-bearing demand accounts, as well as certificates of deposits. It also provides various commercial and consumer loan products, such as commercial and industrial loans; commercial real estate loans; multifamily 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; 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. As of December 31, 2018, it operated 32 full service 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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Banc of California logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.51 out of 5 stars


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$403.23 million
Cash Flow$1.56 per share
Book Value$12.91 per share

Profitability

Net Income$23.76 million

Miscellaneous

Employees730
Market Cap$571.79 million
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Banc of California (NYSE:BANC) Frequently Asked Questions

How has Banc of California's stock been impacted by COVID-19 (Coronavirus)?

Banc of California's stock was trading at $11.90 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BANC stock has decreased by 4.2% and is now trading at $11.40. View which stocks have been most impacted by Coronavirus.

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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Banc of California.

When is Banc of California's next earnings date?

Banc of California is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. 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 quarterly earnings results on Wednesday, April, 29th. The bank reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by $0.23. The bank had revenue of $53.92 million for the quarter, compared to the consensus estimate of $61.44 million. Banc of California had a net margin of 2.79% and a return on equity of 5.86%. The firm's revenue for the quarter was down 27.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. 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 announced a quarterly dividend on Friday, May 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.06 per share on Wednesday, July 1st. This represents a $0.24 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, June 12th. View Banc of California's dividend history.

What price target have analysts set for BANC?

4 analysts have issued 1 year target prices for Banc of California's shares. Their forecasts range from $11.00 to $13.00. On average, they expect Banc of California's share price to reach $12.00 in the next year. This suggests a possible upside of 5.3% from the stock's current price. View analysts' price targets for Banc of California.

Has Banc of California been receiving favorable news coverage?

News coverage about BANC stock has been trending extremely positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Banc of California earned a news sentiment score of 4.7 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View the latest news aboutBanc of California.

Are investors shorting Banc of California?

Banc of California saw a decline in short interest in April. As of April 15th, there was short interest totaling 2,070,000 shares, a decline of 9.6% from the March 31st total of 2,290,000 shares. Based on an average daily trading volume, of 443,200 shares, the days-to-cover ratio is presently 4.7 days. Currently, 4.3% of the shares of the stock are short sold. View Banc of California's Current Options Chain.

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 Ford Motor (F), American Airlines Group (AAL), General Electric (GE), AT&T (T), AbbVie (ABBV), Twilio (TWLO), Best Buy (BBY), Bristol-Myers Squibb (BMY), Cisco Systems (CSCO) and JetBlue Airways (JBLU).

Who are Banc of California's key executives?

Banc of California's management team includes the following people:
  • Mr. Douglas H. Bowers, Pres, CEO & Director (Age 61)
  • Mr. John A. Bogler CPA, CFA, Exec. VP & CFO (Age 53)
  • Mr. Hugh F. Boyle, Chief Risk Officer (Age 59)
  • Mr. John C. Grosvenor Esq., J.D., Gen. Counsel Emeritus (Age 69)
  • Mr. Mike A. Smith, Sr. VP, Chief Accounting Officer & Director of Treasury (Age 52)

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.60%), Wellington Management Group LLP (12.17%), State Street Corp (3.70%), Ranger Investment Management L.P. (3.64%), Investment Counselors of Maryland LLC (2.94%) and Victory Capital Management Inc. (2.15%). Company insiders that own Banc of California stock include Barbara Fallon-Walsh, James Andrew Barker, Jared M Wolff, Mary A Curran, Michael Alan Smith and W Kirk Wycoff. View institutional ownership trends for Banc of California.

Which major investors are selling Banc of California stock?

BANC stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Monarch Partners Asset Management LLC, Salzhauer Michael, BlackRock Inc., Hennessy Advisors Inc., Morgan Stanley, Deprince Race & Zollo Inc., and Mendon Capital Advisors Corp. View insider buying and selling activity for Banc of California.

Which major investors are buying Banc of California stock?

BANC stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Ranger Investment Management L.P., Russell Investments Group Ltd., Geode Capital Management LLC, Wells Fargo & Company MN, State Street Corp, and NWQ Investment Management Company LLC. Company insiders that have bought Banc of California stock in the last two years include Barbara Fallon-Walsh, James Andrew Barker, Jared M Wolff, Mary A Curran, and Michael Alan Smith. 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 $11.40.

How big of a company is Banc of California?

Banc of California has a market capitalization of $571.79 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 730 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 5/28/2020 by MarketBeat.com Staff

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