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Banc of California Inc. (BANC)
NYSE:BANC
Holding BANC?
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BANC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.10 - $16.92
Previous Close$16.31
Volume2.55M
Average Volume (3M)2.18M
Market Cap
$2.73B
Enterprise Value$4.17B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$1.44B
Price to Earnings (P/E)―
Beta1.48
Next Earnings
Jan 23, 2025EPS Estimate
$0.23Next Dividend Ex-Date
Dec 16, 2024Dividend Yield2.48%
Share Statistics
EPS (TTM)-4.31
Shares Outstanding158,780,745
10 Day Avg. Volume2,772,206
30 Day Avg. Volume2,181,984
Standard Deviation0.11
R-Squared0.28
Alpha-0.00297
Financial Highlights & Ratios
Price to Book (P/B)0.89
Price to Sales (P/S)4.03
Price to Cash Flow (P/CF)16.40
P/FCF Ratio4.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.27
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$17.22Price Target Upside5.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Banc of California News
Bulls Say, Bears Say
Bulls Say
EarningsBetter than expected net interest margin drove a modest beat on net interest income.
Financial PerformanceA milestone quarter for BANC, as all major balance sheet restructuring items have been completed, with go-forward EPS now becoming more reliable.
Growth StrategyThe sale of the $1.95 billion Civic portfolio freed $100 million of capital and $1.9 billion of liquidity to reduce wholesale funding and support growth.
Bears Say
Credit QualityCredit quality was mixed, with a sequential uptick in non-performing loans and classified loans.
Earnings PowerThe sale of Civic reduces the company's near-term earnings power, resulting in a challenging quarter for Banc of California.
Net Interest MarginNet Interest Margin for the fourth quarter was guided to be lower than prior estimates, indicating potential pressure on profitability.
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Ownership Overview
2.94% Insiders
21.56% Mutual Funds
6.74% Other Institutional Investors
46.71% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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BANC FAQ
What was Banc of California Inc.’s price range in the past 12 months?
Banc of California Inc. lowest stock price was $11.10 and its highest was $16.92 in the past 12 months.
What is Banc of California Inc.’s market cap?
Currently, no data Available
When is Banc of California Inc.’s upcoming earnings report date?
Banc of California Inc.’s upcoming earnings report date is Jan 23, 2025 which is in 74 days.
How were Banc of California Inc.’s earnings last quarter?
Banc of California Inc. released its earnings results on Oct 22, 2024. The company reported -$0.01 earnings per share for the quarter, missing the consensus estimate of $0.142 by -$0.152.
Is Banc of California Inc. overvalued?
According to Wall Street analysts Banc of California Inc.’s price is currently Undervalued.
Does Banc of California Inc. pay dividends?
Banc of California Inc. pays a Quarterly dividend of $0.1 which represents an annual dividend yield of 2.48%. See more information on Banc of California Inc. dividends here
What is Banc of California Inc.’s EPS estimate?
Banc of California Inc.’s EPS estimate is $0.23.
How many shares outstanding does Banc of California Inc. have?
Banc of California Inc. has 158,303,420 shares outstanding.
What happened to Banc of California Inc.’s price movement after its last earnings report?
Banc of California Inc. reported an EPS of -$0.01 in its last earnings report, missing expectations of $0.142. Following the earnings report the stock price went up 4.189%.
Which hedge fund is a major shareholder of Banc of California Inc.?
Among the largest hedge funds holding Banc of California Inc.’s share is Royce & Associates LLC. It holds Banc of California Inc.’s shares valued at 20M.
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Banc of California Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$17.22 (5.58% Upside)
$17.22 (5.58% Upside)
Blogger Sentiment
Bullish
BANC Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 1.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.6%
Last 30 Days ▼ 4.6%
Last 30 Days ▼ 4.6%
Technicals
SMA
Positive
20 days / 200 days
Momentum
42.18%
12-Months-Change
Fundamentals
Return on Equity
-17.41%
Trailing 12-Months
Asset Growth
261.55%
Trailing 12-Months
Company Description
Banc of California Inc.
Banc of California, Inc. is a financial holding company, which engages in the provision of commercial banking services. It offers personal banking, business and commercial banking, real estate banking, and private banking. The company was founded in March 2002 and is headquartered in Santa Ana, CA.
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BANC Company Deck
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BANC Earnings Call
Q3 2024
0:00 / 0:00
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BANC Stock 12 Month Forecast
Average Price Target
$17.22
▲(5.58% Upside)
Technical Analysis
Hope Bancorp
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Hanmi Financial
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Cvb Financial
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Farmers and Merchants Bank of Long Beach
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Best Analysts Covering BANC
1 Year
1 Year Success Rate
13/14 ratings generated profit
1 Year Average Return
+18.66%
reiterated a buy rating 18 days ago
Copying Gary Tenner's trades and holding each position for 1 Year would result in 92.86% of your transactions generating a profit, with an average return of +18.66% per trade.
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