JPMorgan Chase & Co. Increases Banc of California (NYSE:BANC) Price Target to $22.00

Banc of California (NYSE:BANC) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $20.50 to $22.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 17.36% from the stock’s current price.

BANC has been the subject of a number of other research reports. Barclays dropped their price objective on shares of Banc of California from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Wells Fargo & Company lifted their target price on shares of Banc of California from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Wall Street Zen raised shares of Banc of California from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Piper Sandler dropped their price target on shares of Banc of California from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Banc of California in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Banc of California currently has an average rating of “Moderate Buy” and an average price target of $20.75.

Banc of California Stock Performance

BANC opened at $18.75 on Friday. The stock’s 50 day simple moving average is $18.12 and its 200-day simple moving average is $18.56. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The stock has a market cap of $2.81 billion, a PE ratio of 14.31 and a beta of 0.74. Banc of California has a 1 year low of $12.98 and a 1 year high of $21.61.

Banc of California (NYSE:BANC) last issued its earnings results on Wednesday, April 22nd. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Banc of California had a return on equity of 9.25% and a net margin of 13.58%.The firm had revenue of $275.97 million during the quarter, compared to analysts’ expectations of $291.28 million. During the same period last year, the business earned $0.26 earnings per share. Banc of California’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts forecast that Banc of California will post 1.74 EPS for the current year.

Institutional Investors Weigh In On Banc of California

Institutional investors and hedge funds have recently made changes to their positions in the company. Triumph Capital Management bought a new stake in shares of Banc of California in the 3rd quarter worth about $25,000. Navalign LLC bought a new position in Banc of California during the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new position in Banc of California during the 4th quarter valued at about $35,000. Advisory Services Network LLC acquired a new position in Banc of California in the third quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC boosted its position in Banc of California by 38.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,023 shares of the bank’s stock valued at $39,000 after buying an additional 564 shares in the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.

Key Headlines Impacting Banc of California

Here are the key news stories impacting Banc of California this week:

• Positive Sentiment: JPMorgan raised its price target to $22 and upgraded BANC to Overweight, implying ~17% upside from current levels — a catalyst for investor demand. Benzinga: JPMorgan raises price target
• Positive Sentiment: Management reaffirmed its 2026 growth outlook and announced plans to redeem certain debt, which should improve capital structure and signal confidence in cash flow. MSN: Banc of California reaffirms 2026 growth outlook, plans debt redemption
• Positive Sentiment: Company reaffirmed 20–25% pretax pre-provision income growth and expects 3–4 bps quarterly NIM expansion — a clear operating-profitability target that supports medium-term earnings upside. MSN: Pretax pre-provision income growth reaffirmed
• Positive Sentiment: Q1 EPS of $0.39 beat consensus (~$0.38) and showed year-over-year improvement, supporting valuation metrics (P/E ~14x). Yahoo Finance: Q1 earnings highlights
• Neutral Sentiment: Earnings call transcript and presentation are available for investors who want line-by-line details on loan growth, deposit trends and expense outlook. Useful for modeling but not an immediate catalyst. Seeking Alpha: Earnings call transcript
• Neutral Sentiment: Company-provided earnings presentation summarizes results and guidance assumptions; helpful for verifying management math and assumptions. Seeking Alpha: Earnings presentation
• Neutral Sentiment: Coverage pieces comparing peers (e.g., Bread Financial) note solid Q1 performances across some regional names — context for sector sentiment but not specific to BANC’s valuation. MSN: Bread Financial and Banc of California post solid Q1 gains
• Negative Sentiment: Revenue missed expectations in Q1, which raises questions about top-line momentum and may cap multiple expansion despite the EPS beat. Yahoo Finance: Misses Q1 sales expectations
• Negative Sentiment: Analyst and press notes highlight mixed metrics (better EPS but weaker revenue), creating uncertainty around sustainable growth versus one-time items — a reason some investors remain cautious. Zacks: Key metrics analysis

About Banc of California

Banc of California, N.A. is a full-service commercial bank headquartered in Santa Ana, California, offering a broad spectrum of banking products and services to corporate and individual customers. The bank focuses on serving middle-market businesses, professional service firms, real estate investors and developers, and entrepreneurs throughout California. Its core offerings include deposit accounts, treasury management services, commercial real estate lending, equipment finance, lines of credit and Small Business Administration lending, complemented by cash management and online banking solutions.

Operating a network of branches and lending offices concentrated in both Southern and Northern California, Banc of California seeks to support local businesses and communities with personalized service and regional expertise.