Wedbush analyst David Chiaverini raised the firm’s price target on Banc of California (BANC) to $19 from $18 and keeps an Outperform rating on the shares. The firm notes Banc of California reported a solid quarter and increased its near-term net interest margin guidance, while keeping expense guidance flat.
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Read More on BANC:
- Banc of California price target raised to $17 from $16 at Wells Fargo
- Banc of California price target raised to $17 from $16 at Barclays
- Banc of California Strategic Repositioning in Q3 2024
- Banc of California reports Q3 adjusted EPS 25c, consensus 10c
- Banc of California reports Q3 net interest margin of 2.93%, up 13 bps vs. Q2