Recent Investment Analysts’ Ratings Changes for Banc of California (BANC)

A number of research firms have changed their ratings and price targets for Banc of California (NYSE: BANC):

• 1/27/2025 – Banc of California had its price target lowered by analysts at Stephens from $18.00 to $17.00. They now have an “equal weight” rating on the stock.
• 1/24/2025 – Banc of California had its price target lowered by analysts at Barclays PLC from $20.00 to $19.00. They now have an “overweight” rating on the stock.
• 1/24/2025 – Banc of California had its price target raised by analysts at Raymond James from $17.00 to $18.00. They now have an “outperform” rating on the stock.
• 1/24/2025 – Banc of California was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/6/2025 – Banc of California was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $20.00 price target on the stock, up previously from $17.00.
• 12/5/2024 – Banc of California had its price target raised by analysts at Barclays PLC from $18.00 to $20.00. They now have an “overweight” rating on the stock.

Banc of California Trading Down 1.4 %

NYSE:BANC opened at $16.00 on Monday. Banc of California, Inc. has a 12 month low of $11.88 and a 12 month high of $18.08. The business’s 50-day moving average is $16.14 and its two-hundred day moving average is $15.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $2.54 billion, a PE ratio of 28.57 and a beta of 1.14.

Banc of California (NYSE:BANC) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. Banc of California had a return on equity of 6.20% and a net margin of 7.06%. Research analysts predict that Banc of California, Inc. will post 1.35 earnings per share for the current fiscal year.

Banc of California Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Monday, December 16th. Banc of California’s dividend payout ratio (DPR) is 71.43%.

Institutional Investors Weigh In On Banc of California

Hedge funds have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in shares of Banc of California during the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC boosted its stake in Banc of California by 32.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,005 shares of the bank’s stock valued at $44,000 after acquiring an additional 734 shares during the last quarter. KBC Group NV grew its holdings in Banc of California by 71.0% during the 4th quarter. KBC Group NV now owns 7,286 shares of the bank’s stock worth $113,000 after acquiring an additional 3,026 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Banc of California in the 3rd quarter worth about $158,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Banc of California in the 3rd quarter valued at about $167,000. Institutional investors and hedge funds own 86.88% of the company’s stock.

Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes.