Equities Analysts Offer Predictions for BANC FY2025 Earnings

Banc of California, Inc. (NYSE:BANC) – Equities researchers at DA Davidson lowered their FY2025 earnings estimates for shares of Banc of California in a report issued on Monday, September 29th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $1.17 per share for the year, down from their previous forecast of $1.18. The consensus estimate for Banc of California’s current full-year earnings is $1.31 per share. DA Davidson also issued estimates for Banc of California’s FY2026 earnings at $1.65 EPS.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods restated an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Banc of California in a research report on Friday, July 25th. Barclays upped their target price on shares of Banc of California from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on shares of Banc of California from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Finally, Wells Fargo & Company upped their target price on shares of Banc of California from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Banc of California presently has an average rating of “Moderate Buy” and an average target price of $17.64.

Banc of California Stock Down 0.8%

Shares of NYSE BANC opened at $16.54 on Tuesday. The firm’s 50-day moving average price is $15.95 and its 200-day moving average price is $14.60. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 25.45 and a beta of 0.71. Banc of California has a 12-month low of $11.52 and a 12-month high of $18.08.

Banc of California (NYSE:BANC) last announced its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $272.85 million for the quarter, compared to analysts’ expectations of $278.43 million. Banc of California had a net margin of 8.30% and a return on equity of 7.37%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS.

Banc of California Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, September 15th. Banc of California’s dividend payout ratio is presently 61.54%.

Insider Buying and Selling

In related news, insider Hamid Hussain sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $16.59, for a total transaction of $331,800.00. Following the transaction, the insider directly owned 66,444 shares in the company, valued at approximately $1,102,305.96. This represents a 23.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.69% of the company’s stock.

Hedge Funds Weigh In On Banc of California

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in Banc of California by 22.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,201 shares of the bank’s stock worth $59,000 after acquiring an additional 762 shares in the last quarter. Osaic Holdings Inc. grew its stake in Banc of California by 210.8% in the 2nd quarter. Osaic Holdings Inc. now owns 5,809 shares of the bank’s stock worth $82,000 after acquiring an additional 3,940 shares in the last quarter. CWM LLC grew its stake in Banc of California by 41.7% in the 1st quarter. CWM LLC now owns 8,049 shares of the bank’s stock worth $114,000 after acquiring an additional 2,367 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Banc of California in the 1st quarter worth about $123,000. Finally, Xponance Inc. bought a new position in Banc of California in the 1st quarter worth about $148,000. 86.88% of the stock is currently owned by institutional investors.

Banc of California Company Profile

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.