Banc of California price target lowered to $15 from $16 at Stephens

Stephens lowered the firm’s price target on Banc of California to $15 from $16 and keeps an Equal Weight rating on the shares. The firm is lowering its FY24 operating EPS view to 97c from $1.13 and its FY25 operating EPS forecast to $1.52 from $1.67 following Banc of California’s earnings update filed in Friday afternoon’s 10Q and Monday morning’s presentation, the analyst tells investors.