Banc of California (NYSE:BANC) Reaches New 12-Month High Following Earnings Beat

Banc of California, Inc. (NYSE:BANC) reached a new 52-week high on Wednesday following a stronger than expected earnings report. The company traded as high as $21.08 and last traded at $21.0550, with a volume of 1431738 shares traded. The stock had previously closed at $20.22.

The bank reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Banc of California had a return on equity of 8.00% and a net margin of 11.49%.The firm had revenue of $292.93 million during the quarter, compared to the consensus estimate of $288.41 million. During the same quarter in the prior year, the company earned $0.28 EPS.

Banc of California Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 15th. Banc of California’s dividend payout ratio is currently 38.46%.

More Banc of California News

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

• Positive Sentiment: Q4 EPS and revenue beat — Banc of California reported $0.42 GAAP EPS vs. a consensus of $0.38 and revenue of ~$293M vs. ~$288M, a clear earnings/revenue beat that is the primary catalyst for the stock’s uptick. Banc of California (BANC) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Strong loan growth — Management reported ~15% annualized loan growth in Q4, signaling improving core lending activity that supports future net interest income. Banc of California beats Q4 estimates as loan growth hits 15% annualized
• Positive Sentiment: Balance-sheet/metrics highlight — The company cited $19.56 book value per share and $17.51 tangible book value, plus 11% annualized growth in noninterest-bearing deposits, reinforcing capital strength and funding stability. Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.42…
• Neutral Sentiment: Analyst coverage and context — Follow-on pieces provide detailed metric comparisons and context vs. estimates and year-ago results; these help investors vet sustainability of the beat but add no new corrective information. Compared to Estimates, Banc of California (BANC) Q4 Earnings: A Look at Key Metrics
• Neutral Sentiment: Earnings preview coverage — Pre- and post-release previews/forecasts summarized expectations heading into the print; useful for trend tracking but not directly market-moving now that results are out. Earnings To Watch: Banc of California (BANC) Reports Q4 Results Tomorrow

Analyst Ratings Changes

BANC has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Banc of California in a research note on Wednesday, October 8th. DA Davidson boosted their target price on Banc of California from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Barclays upped their price target on Banc of California from $21.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Citigroup raised Banc of California from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $21.50 in a report on Monday, October 27th. Finally, Wall Street Zen upgraded Banc of California from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.95.

Institutional Trading of Banc of California

Institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its stake in Banc of California by 1.6% in the 3rd quarter. Amalgamated Bank now owns 37,460 shares of the bank’s stock worth $620,000 after purchasing an additional 585 shares during the period. Crescent Grove Advisors LLC lifted its holdings in shares of Banc of California by 0.7% in the second quarter. Crescent Grove Advisors LLC now owns 100,428 shares of the bank’s stock worth $1,421,000 after buying an additional 706 shares in the last quarter. CWM LLC boosted its position in shares of Banc of California by 9.1% in the second quarter. CWM LLC now owns 8,783 shares of the bank’s stock valued at $123,000 after acquiring an additional 734 shares during the period. GAMMA Investing LLC boosted its position in shares of Banc of California by 22.2% in the second quarter. GAMMA Investing LLC now owns 4,201 shares of the bank’s stock valued at $59,000 after acquiring an additional 762 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Banc of California by 7.7% during the third quarter. PNC Financial Services Group Inc. now owns 10,804 shares of the bank’s stock valued at $179,000 after acquiring an additional 777 shares in the last quarter. Hedge funds and other institutional investors own 86.88% of the company’s stock.

Banc of California Stock Up 4.1%

The stock’s fifty day moving average is $19.24 and its two-hundred day moving average is $17.23. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.19 billion, a P/E ratio of 20.25 and a beta of 0.69.

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.