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

Company Overview

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.

Key Stats

• Today's Range: $15.20 to $15.85
• 50-Day Range: $14.79 to $17.77
• 52-Week Range: $11.88 to $18.08
• Volume: 4.27 million shs
• Average Volume: 2.33 million shs
• Market Capitalization: $2.45 billion
• P/E Ratio: N/A
• Dividend Yield: 2.59%
• Price Target: $17.80
• Consensus Rating: Moderate Buy

Banc of California Stock Analysis - MarketRank™

Banc of California scored higher than 94% of companies evaluated by MarketBeat, and ranked 86th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Banc of California has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Banc of California has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 90.00%

Earnings Growth

Earnings for Banc of California are expected to grow by 90.00% in the coming year, from $0.70 to $1.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Banc of California is -3.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Banc of California is -3.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Banc of California has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.03% of the outstanding shares of Banc of California have been sold short.

Short Interest Ratio / Days to Cover

Banc of California has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Banc of California has recently decreased by 1.84%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Banc of California pays a meaningful dividend of 2.45%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Banc of California does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Banc of California will have a dividend payout ratio of 30.08% next year. This indicates that Banc of California will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -0.50

Percentage of Shares Shorted

5.03% of the outstanding shares of Banc of California have been sold short.

Short Interest Ratio / Days to Cover

Banc of California has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Banc of California has recently decreased by 1.84%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.37

News Sentiment

Banc of California has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Banc of California this week, compared to 6 articles on an average week.

Search Interest

5 people have searched for BANC on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Banc of California to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Banc of California insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.37% of the stock of Banc of California is held by insiders.

Percentage Held by Institutions

86.88% of the stock of Banc of California is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BANC Stock Analysis - Frequently Asked Questions

How have BANC shares performed this year?

Banc of California's stock was trading at $13.43 on January 1st, 2024. Since then, BANC shares have increased by 14.8% and is now trading at $15.42.
View the best growth stocks for 2024 here.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) released its earnings results on Tuesday, October, 22nd. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.11. The bank had revenue of $431.44 million for the quarter, compared to the consensus estimate of $229.46 million. Banc of California had a positive trailing twelve-month return on equity of 2.93% and a negative net margin of 20.75%.

Who are Banc of California's major shareholders?

Top institutional shareholders of Banc of California include State Street Corp (5.97%), PL Capital Advisors LLC (1.92%), Verition Fund Management LLC (1.56%) and Massachusetts Financial Services Co. MA (1.41%). Insiders that own company stock include Richard J Lashley, Jared M Wolff, James Andrew Barker, Robert D Sznewajs, Robert G Dyck and Joseph J Rice.
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.

What other stocks do shareholders of Banc of California own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Banc of California investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/16/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/22/2024
• Ex-Dividend for 1/2 Dividend: 12/16/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NYSE:BANC
• Previous Symbol: NASDAQ:FPTB
• CUSIP: 33589V10
• CIK: 1169770
• Web: www.bancofcal.com
• Phone: (855) 361-2262
• Fax: 619-691-1350
• Employees: 2,304
• Year Founded: 1941

Price Target and Rating

• Average Stock Price Target: $17.80
• High Stock Price Target: $20.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +15.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($4.27)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 22.03
• P/E Growth: N/A
• Net Income: $-1,899,140,000.00
• Net Margins: -20.75%
• Pretax Margin: -28.71%
• Return on Equity: 2.93%
• Return on Assets: 0.24%

Debt

• Debt-to-Equity Ratio: 0.31
• Current Ratio: 0.89
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $472.31 million
• Price / Sales: 5.18
• Cash Flow: $8.07 per share
• Price / Cash Flow: 1.91
• Book Value: $18.39 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 158,807,000
• Free Float: 147,103,000
• Market Cap: $2.45 billion
• Optionable: Optionable
• Beta: 1.14