Banc of California, Inc. (NYSE:BANC - Free Report) - Analysts at DA Davidson issued their Q2 2025 earnings per share estimates for shares of Banc of California in a research note issued on Friday, April 25th. DA Davidson analyst G. Tenner anticipates that the bank will post earnings of $0.29 per share for the quarter. The consensus estimate for Banc of California's current full-year earnings is $1.31 per share.
Banc of California (NYSE:BANC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $266.01 million for the quarter, compared to the consensus estimate of $272.36 million. Banc of California had a net margin of 7.06% and a return on equity of 6.20%.
Several other equities research analysts also recently weighed in on the company. Raymond James raised their price objective on Banc of California from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Barclays cut their price target on Banc of California from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of Banc of California from $20.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Stephens reduced their target price on shares of Banc of California from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Banc of California in a research report on Friday, February 7th. They issued a "neutral" rating and a $18.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.67.
Get Our Latest Stock Report on BANC
Banc of California Stock Performance
Shares of Banc of California stock opened at $13.20 on Monday. The company's 50 day moving average price is $13.74 and its two-hundred day moving average price is $15.20. The firm has a market capitalization of $2.10 billion, a P/E ratio of 23.57 and a beta of 0.85. Banc of California has a fifty-two week low of $11.52 and a fifty-two week high of $18.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.89.
Banc of California Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Friday, March 14th. Banc of California's payout ratio is 61.54%.
Institutional Investors Weigh In On Banc of California
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management bought a new stake in Banc of California in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Banc of California during the fourth quarter valued at approximately $36,000. Jones Financial Companies Lllp lifted its holdings in shares of Banc of California by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,574 shares of the bank's stock worth $55,000 after purchasing an additional 928 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Banc of California by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,348 shares of the bank's stock valued at $68,000 after purchasing an additional 2,926 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Banc of California during the 4th quarter valued at $97,000. 86.88% of the stock is owned by institutional investors.
Banc of California Company Profile
(
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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.
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