NYSE:BANC

Banc of California Stock Forecast, Price & News

$18.19
-0.15 (-0.82 %)
(As of 05/7/2021 04:41 PM ET)
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Today's Range
$18.01
$18.37
50-Day Range
$17.26
$20.45
52-Week Range
$8.10
$21.40
Volume191,945 shs
Average Volume261,505 shs
Market Capitalization$920.67 million
P/E RatioN/A
Dividend Yield1.31%
Beta1.85
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Previous SymbolNASDAQ:FPTB
CUSIP33589V10
Phone855-361-2262
Employees611
Year FoundedN/A

Sales & Book Value

Annual Sales$403.23 million
Cash Flow$1.66 per share
Book Value$14.10 per share

Profitability

Net Income$23.76 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$920.67 million
Next Earnings Date7/22/2021 (Estimated)
OptionableOptionable

Headlines

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Banc of California logo

About Banc of California

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.

MarketRank

Overall MarketRank

2.34 out of 5 stars

Finance Sector

50th out of 1,952 stocks

National Commercial Banks Industry

8th out of 164 stocks

Analyst Opinion: 2.4Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
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Banc of California (NYSE:BANC) Frequently Asked Questions

Is Banc of California a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Banc of California stock.
View analyst ratings for Banc of California
or view top-rated stocks.

What stocks does MarketBeat like better than Banc of California?

Wall Street analysts have given Banc of California a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Banc of California wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Banc of California?

Banc of California saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,360,000 shares, an increase of 43.9% from the March 15th total of 945,100 shares. Based on an average daily volume of 258,300 shares, the days-to-cover ratio is presently 5.3 days. Currently, 2.9% of the company's shares are sold short.
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 22nd 2021.
View our earnings forecast for Banc of California
.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) issued its earnings results on Wednesday, April, 21st. The bank reported $0.25 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.25. Banc of California had a trailing twelve-month return on equity of 3.88% and a net margin of 1.62%. During the same period in the previous year, the firm posted ($0.19) EPS.
View Banc of California's earnings history
.

How has Banc of California's stock been impacted by Coronavirus?

Banc of California's stock was trading at $11.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BANC shares have increased by 53.0% and is now trading at $18.21.
View which stocks have been most impacted by COVID-19
.

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 Tuesday, February 9th. Investors of record on Monday, March 15th will be given a dividend of $0.06 per share on Thursday, April 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, March 12th.
View Banc of California's dividend history
.

Is Banc of California a good dividend stock?

Banc of California pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.32%. Banc of California does not yet have a strock track record of dividend growth. The dividend payout ratio of Banc of California is 30.38%. 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 29.63% next year. This indicates that Banc of California will be able to sustain or increase its dividend.
View Banc of California's dividend history.

What price target have analysts set for BANC?

5 brokerages have issued 1-year price targets for Banc of California's shares. Their forecasts range from $17.00 to $24.00. On average, they anticipate Banc of California's share price to reach $21.30 in the next year. This suggests a possible upside of 17.0% from the stock's current price.
View analysts' price targets for Banc of California
or view top-rated stocks among Wall Street analysts.

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 51, Pay $1.35M)
  • Ms. Lynn M. Hopkins, CFO & Exec. VP (Age 53, Pay $681.98k)
  • Mr. Ido Dotan J.D., Exec. VP, Gen. Counsel & Corp. Sec. (Age 41, Pay $550.05k)
  • Ms. Lynn A. Sullivan, Exec. VP & Chief Risk Officer (Age 52, Pay $640.4k)
  • Mr. Robert G. Dyck, Exec. VP & Chief Credit Officer (Age 64, Pay $496.85k)
  • Mr. Michael A. Smith, Sr. VP, Chief Accounting Officer & Director of Treasury (Age 54)
  • Mr. Jay D. Sanders, Pres of Private & Specialty Banking
  • Mr. Joubin Rahimi, Sr. VP of Private Banking
  • Mr. Douglas Rosenthal, Sr. VP & Relationship Mang.
  • Ms. Christine Martin, Exec. VP of Treasury Management, Operations & Systems

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.

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 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."

Who are Banc of California's major shareholders?

Banc of California's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (1.68%), Smith Graham & Co. Investment Advisors LP (1.12%), Rhumbline Advisers (0.32%), State of New Jersey Common Pension Fund D (0.25%), Swiss National Bank (0.20%) and Sippican Capital Advisors (0.17%). Company insiders that own Banc of California stock include James Andrew Barker, Jared M Wolff, Mary A Curran and Robert D Sznewajs.
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 State of New Jersey Common Pension Fund D, Victory Capital Management Inc., Smith Graham & Co. Investment Advisors LP, State of Alaska Department of Revenue, Sippican Capital Advisors, The Manufacturers Life Insurance Company , New York State Teachers Retirement System, and Texas Permanent School Fund.
View insider buying and selling activity for Banc of California
or view top insider-selling stocks.

Which major investors are buying Banc of California stock?

BANC stock was bought by a variety of institutional investors in the last quarter, including Hillsdale Investment Management Inc., KBC Group NV, Everence Capital Management Inc., Alliancebernstein L.P., Carolina Wealth Advisors LLC, Rhumbline Advisers, and Swiss National Bank. Company insiders that have bought Banc of California stock in the last two years include James Andrew Barker, Jared M Wolff, Mary A Curran, and Robert D Sznewajs.
View insider buying and selling activity for Banc of California
or or view top insider-buying stocks.

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 $18.21.

How much money does Banc of California make?

Banc of California has a market capitalization of $921.68 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.

How many employees does Banc of California have?

Banc of California employs 611 workers across the globe.

What is Banc of California's official website?

The official website for Banc of California is www.bancofcal.com.

Where are Banc of California's headquarters?

Banc of California is headquartered at 3 MACARTHUR PLACE, SANTA ANA CA, 92707.

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 5/7/2021 by MarketBeat.com Staff
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