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Banc of California Inc. (BANC)
NYSE:BANC
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BANC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.88 - $18.08
Previous Close$15.42
Volume4.36M
Average Volume (3M)2.24M
Market Cap
$2.59B
Enterprise Value$4.18B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$1.59B
Price to Earnings (P/E)―
Beta1.57
Next Earnings
Jan 23, 2025EPS Estimate
$0.23Last Dividend Ex-Date
Dec 16, 2024Dividend Yield2.6%
Share Statistics
EPS (TTM)-4.31
Shares Outstanding158,806,929
10 Day Avg. Volume6,502,574
30 Day Avg. Volume2,240,501
Standard Deviation0.11
R-Squared0.29
Alpha-0.00337
Financial Highlights & Ratios
Price to Book (P/B)0.82
Price to Sales (P/S)5.91
Price to Cash Flow (P/CF)13.00
P/FCF Ratio24.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.49
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$17.67Price Target Upside14.59% 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
21.00% Mutual Funds
39.35% Other Institutional Investors
13.74% 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 $11.88 and its highest was $18.08 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 33 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 2.6%. 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 158,329,600 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 4.215%.
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 Basswood Capital Management LLC. It holds Banc of California Inc.’s shares valued at 26M.
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Banc of California Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$17.67 (14.59% Upside)
$17.67 (14.59% Upside)
Blogger Sentiment
Bullish
BANC Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 539.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 4.1%
Last 30 Days ▼ 4.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
18.27%
12-Months-Change
Fundamentals
Return on Equity
-18.36%
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
Earnings Call Sentiment|Positive
The earnings call indicated a strong quarter of strategic actions leading to improved financial metrics, such as net interest margin and deposit mix. Despite a GAAP net loss due to repositioning costs and increased classified loans, the bank successfully reduced noninterest expenses and achieved growth in core earnings. The overall sentiment is cautiously optimistic, focusing on future growth and balance sheet strength.Read More>---
BANC Stock 12 Month Forecast
Average Price Target
$17.67
▲(14.59% Upside)
Technical Analysis
Hope Bancorp
―
Univest Of Pennsylvania
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Metropolitan Bank Holding
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Bank Of Marin Bancorp
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Best Analysts Covering BANC
1 Year
1 Year Success Rate
13/15 ratings generated profit
1 Year Average Return
+14.31%
reiterated a buy rating last month
Copying Gary Tenner's trades and holding each position for 1 Year would result in 86.67% of your transactions generating a profit, with an average return of +14.31% per trade.
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