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NYSE:BANC

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

$13.81
-0.32 (-2.26%)
(As of 09/6/2024 ET)
Today's Range
$13.78
$14.30
50-Day Range
$12.49
$14.68
52-Week Range
$9.96
$15.54
Volume
2.30 million shs
Average Volume
2.32 million shs
Market Capitalization
$2.17 billion
P/E Ratio
N/A
Dividend Yield
2.90%
Price Target
$15.69

Banc of California MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
13.6% Upside
$15.69 Price Target
Short Interest
Bearish
8.49% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.14mentions of Banc of California in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.05 M Sold Last Quarter
Proj. Earnings Growth
113.11%
From $0.61 to $1.30 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.

4.36 out of 5 stars

Finance Sector

148th out of 871 stocks

National Commercial Banks Industry

21st out of 86 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

Banc of California (NYSE:BANC) Given "Equal Weight" Rating at Stephens
Tim Sykes’ Urgent Trade Alert: “Make this move now”
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…
Banc of California Expands Specialty Lending Team
Tim Sykes’ Urgent Trade Alert: “Make this move now”
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…
Banc of California
Barclays Sticks to Their Hold Rating for Banc of California (BANC)
Banc Of California Reports Q2 Profit, Net Interest Income Rises
See More Headlines
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Company Calendar

Ex-Dividend for 7/1 Dividend
6/14/2024
Dividend Payable
7/01/2024
Last Earnings
7/23/2024
Today
9/07/2024
Ex-Dividend for 10/1 Dividend
9/16/2024
Dividend Payable
10/01/2024
Next Earnings (Estimated)
10/22/2024
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
$15.69
High Stock Price Target
$19.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+13.6%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$-1,899,140,000.00
Pretax Margin
-35.45%

Debt

Sales & Book Value

Annual Sales
$429.87 million
Cash Flow
$8.63 per share
Book Value
$18.32 per share

Miscellaneous

Free Float
145,681,000
Market Cap
$2.17 billion
Optionable
Optionable
Beta
1.13

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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 44)
    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 44)
    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. Michael David
    Executive Vice President for Technology Banking-West
  • Mr. Sean Lynden
    President of the Venture Banking Group

BANC Stock Analysis - Frequently Asked Questions

How have BANC shares performed this year?

Banc of California's stock was trading at $13.43 at the start of the year. Since then, BANC shares have increased by 2.8% and is now trading at $13.81.
View the best growth stocks for 2024 here
.

How were Banc of California's earnings last quarter?

Banc of California, Inc. (NYSE:BANC) announced its earnings results on Tuesday, July, 23rd. The bank reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.09. The bank earned $492.38 million during the quarter, compared to the consensus estimate of $271.42 million. Banc of California had a positive trailing twelve-month return on equity of 2.12% and a negative net margin of 21.99%.

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.

Who are Banc of California's major shareholders?

Banc of California's top institutional investors include Dimensional Fund Advisors LP (2.88%), American Century Companies Inc. (2.05%), William Blair Investment Management LLC (1.63%) and Massachusetts Financial Services Co. MA (1.47%). 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 Airlines Group (AAL), Ford Motor (F), AbbVie (ABBV), Bristol-Myers Squibb (BMY), General Electric (GE), AT&T (T) and Twilio (TWLO).

This page (NYSE:BANC) was last updated on 9/7/2024 by MarketBeat.com Staff

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