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NYSE:BANC

Banc of California (BANC) Stock Price, News & Analysis

$15.21
+0.04 (+0.26%)
(As of 04:37 PM ET)
Today's Range
$15.09
$15.54
50-Day Range
$12.34
$15.18
52-Week Range
$9.72
$16.08
Volume
4.67 million shs
Average Volume
2.58 million shs
Market Capitalization
$2.39 billion
P/E Ratio
N/A
Dividend Yield
2.63%
Price Target
$16.71

Banc of California MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
9.9% Upside
$16.71 Price Target
Short Interest
Bearish
7.19% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.34mentions of Banc of California in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$345,600 Bought Last Quarter
Proj. Earnings Growth
23.49%
From $1.66 to $2.05 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.74 out of 5 stars

Finance Sector

212th out of 850 stocks

National Commercial Banks Industry

33rd out of 83 stocks

BANC stock logo

About Banc of California Stock (NYSE:BANC)

Banc of California, Inc. operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes. It also provides real estate loans to professional developers and real estate investors for the acquisition, construction, refinancing, renovation, and on-going operation of commercial real estate properties; commercial real estate mortgage, residential real estate mortgage, and real estate construction and land loans; commercial loans and leases, such as equipment finance, other asset-based, venture capital, secured business, warehouse, and other lending services; small business administration loans; and consumer loans comprising personal, auto, and other loans, as well as home equity and revolving lines of credit. In addition, the company offers international banking, multi-state deposit, and asset and investment management services, as well as cash and treasury management services; and online, mobile, remote deposit, and telephone banking services. It serves small and middle-market businesses, venture capital firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net worth individuals. Banc of California, Inc. was founded in 1941 and is headquartered in Los Angeles, California.

BANC Stock Price History

BANC Stock News Headlines

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Brian Ishida
What 4 Analyst Ratings Have To Say About Banc of California
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Banc of California (BANC) Receives a Hold from KBW
Banc of California Inc
Banc of California Inc.
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/14/2023
Dividend Payable
1/02/2024
Last Earnings
1/25/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Previous Symbol
NASDAQ:FPTB
CUSIP
33589V10
Employees
2,304
Year Founded
1941

Price Target and Rating

Average Stock Price Target
$16.71
High Stock Price Target
$21.50
Low Stock Price Target
$13.50
Potential Upside/Downside
+9.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-1,899,140,000.00
Pretax Margin
-145.22%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$9.44 per share
Book Value
$18.39 per share

Miscellaneous

Free Float
145,681,000
Market Cap
$2.41 billion
Optionable
Optionable
Beta
1.14

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Key Executives

  • Mr. Jared M. WolffMr. Jared M. Wolff (Age 54)
    Vice Chairman, President & CEO
    Comp: $647.14k
  • Mr. Joseph Kauder
    Executive VP & CFO
  • Mr. John K. Sotoodeh (Age 53)
    Executive VP & COO
  • Ms. Monica L. Sparks (Age 43)
    Executive VP & Chief Accounting Officer
  • Mr. Raymond J. Rindone (Age 53)
    Executive VP, Deputy CFO & Head of Corporate Finance
  • Mr. Ido Dotan J.D. (Age 43)
    Executive VP, General Counsel, Corporate Secretary & Chief Administrative Officer
  • Mr. Robert G. Dyck (Age 67)
    Senior EVP & Chief Credit Officer
    Comp: $402.06k
  • Ms. Olivia Lindsay
    Executive VP & Chief Risk Officer
  • Mr. Hamid Hussain
    Executive Vice President
  • Mr. Michael David
    Executive Vice President for Technology Banking-West

BANC Stock Analysis - Frequently Asked Questions

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banc of California in the last year. There are currently 4 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.

What is Banc of California's stock price target for 2024?

5 equities research analysts have issued twelve-month target prices for Banc of California's stock. Their BANC share price targets range from $13.50 to $21.50. On average, they predict the company's stock price to reach $16.71 in the next twelve months. This suggests a possible upside of 9.9% 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 2024?

Banc of California's stock was trading at $13.43 at the beginning of 2024. Since then, BANC stock has increased by 13.3% and is now trading at $15.21.
View the best growth stocks for 2024 here
.

Are investors shorting Banc of California?

Banc of California saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 11,300,000 shares, an increase of 7.3% from the February 29th total of 10,530,000 shares. Based on an average daily volume of 2,460,000 shares, the short-interest ratio is presently 4.6 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, April 18th 2024.
View our BANC earnings forecast
.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) posted its quarterly earnings data on Thursday, January, 25th. The bank reported ($4.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by $4.27. The bank had revenue of $193.06 million for the quarter, compared to analyst estimates of $163.11 million. Banc of California had a positive trailing twelve-month return on equity of 1.14% and a negative net margin of 44.04%. During the same period in the previous year, the business posted $0.45 EPS.

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 Thursday, February 8th. Investors of record on Friday, March 15th will be given a dividend of $0.10 per share on Monday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, March 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 $0.40 per share and currently has a dividend yield of 2.76%.
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).

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 shareholders include Warburg Pincus LLC (27.15%), Vanguard Group Inc. (15.69%), Vanguard Group Inc. (5.73%), Dimensional Fund Advisors LP (8.45%), PL Capital Advisors LLC (5.57%) and Goldman Sachs Group Inc. (5.22%). Insiders that own company stock include James Andrew Barker, Jared M Wolff, Jared M Wolff, Joseph J Rice, Mary A Curran, Richard J Lashley, Robert D Sznewajs and Robert G Dyck.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BANC) was last updated on 3/28/2024 by MarketBeat.com Staff

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