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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$9.96 - $15.54
Previous Close$14.64
Volume2.70M
Average Volume (3M)2.18M
Market Cap
$2.47B
Enterprise Value$3.91B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$1.44B
Price to Earnings (P/E)―
Beta1.19
Next Earnings
Oct 23, 2024EPS Estimate
$0.11Next Dividend Ex-Date
Sep 16, 2024Dividend Yield2.87%
Share Statistics
EPS (TTM)-3.57
Shares Outstanding158,780,745
10 Day Avg. Volume1,398,353
30 Day Avg. Volume2,175,047
Standard Deviation0.11
R-Squared0.29
Alpha-0.00655
Financial Highlights & Ratios
Price to Book (P/B)0.82
Price to Sales (P/S)3.48
Price to Cash Flow (P/CF)14.10
P/FCF Ratio3.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.89
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$14.93Price Target Upside1.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Banc of California News
PremiumCompany Announcements
Banc of California Q2 Earnings Call and Webcast Details
Bulls Say, Bears Say
Bulls Say
Cost ManagementFunding costs are projected to decline by 20 to 25 basis points, with expectations of a rate cut and strategic actions to drive lower interest expenses.
Expense ReductionFDIC expense is expected to trend down to $10 to $12 million by the fourth quarter of 2024, significantly decreasing from $21 million this quarter.
Financial PerformanceBANC completed the sale of $1.95 billion of Civic loans at a price of 98% of UPB, freeing up $100 million of Tier 1 capital.
Bears Say
EarningsBanc of California reported a challenging quarter as the sale of Civic reduces the company's near-term earnings power.
Financial PerformanceNet interest margin was revised lower to 2.66% from 2.78%.
Revenue EstimatesNIM for 4Q was guided to 2.90% to 3.00% (below prior estimate of 3.02%) and average earning assets for 4Q'24 / 1Q'25 were guided to $30.5 bn to $32.0 bn (below prior 4Q forecast of $33.4 bn).
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Ownership Overview
7.03% Insiders
19.72% Mutual Funds
67.86% Other Institutional Investors
5.39% 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 $9.96 and its highest was $15.54 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 Oct 23, 2024 which is in 60 days.
How were Banc of California Inc.’s earnings last quarter?
Banc of California Inc. released its earnings results on Jul 23, 2024. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.186 by -$0.066.
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 2.87%. 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 $0.11.
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 $0.12 in its last earnings report, missing expectations of $0.186. Following the earnings report the stock price went down -5.79%.
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:
$14.93 (1.98% Upside)
$14.93 (1.98% Upside)
Blogger Sentiment
Bullish
BANC Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 1.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 5.2%
Last 30 Days ▼ 5.2%
Technicals
SMA
Negative
20 days / 200 days
Momentum
21.24%
12-Months-Change
Fundamentals
Return on Equity
-17.38%
Trailing 12-Months
Asset Growth
276.12%
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
Q2 2024
0:00 / 0:00
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BANC Stock 12 Month Forecast
Average Price Target
$14.93
▲(1.98% Upside)
Technical Analysis
Community Bank System
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Old National Bancorp Capital
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Webster Financial
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HomeStreet
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Best Analysts Covering BANC
1 Year
1 Year Success Rate
8/13 ratings generated profit
1 Year Average Return
+10.40%
reiterated a buy rating 5 days ago
Copying Gary Tenner's trades and holding each position for 1 Year would result in 61.54% of your transactions generating a profit, with an average return of +10.40% per trade.
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