Banc of California Inc (NYSE: BANC) is 5.81% higher on its value in year-to-date trading and has touched a low of $9.72 and a high of $16.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BANC stock was last observed hovering at around $14.99 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $14.21, the stock is -2.92% and -0.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing -5.20% at the moment leaves the stock 9.24% off its SMA200. BANC registered 14.60% gain for a year compared to 6-month gain of 15.43%.
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The stock witnessed a -5.01% loss in the last 1 month and extending the period to 3 months gives it a 9.81%, and is -2.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.12% over the week and 2.95% over the month.
Banc of California Inc (BANC) has around 2304 employees, a market worth around $2.39B and $424.59M in sales. Fwd P/E is 7.03. Profit margin for the company is -97.08%. Distance from 52-week low is 46.19% and -11.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.60%).
Banc of California Inc quarterly earnings per share for the current quarter are estimated at $0.22 with sales reaching $261M over the same period.The EPS is expected to grow by 105.00% this year, but quarterly earnings will post 46.80% year-over-year. Quarterly sales are estimated to grow 231.90% in year-over-year returns.
366 institutions hold shares in Banc of California Inc (BANC), with institutional investors hold 89.59% of the company’s shares. The shares outstanding are 156.79M, and float is at 153.54M with Short Float at 6.00%. Institutions hold 88.55% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 8.21 million shares valued at $95.02 million. The investor’s holdings represent 14.41% of the BANC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.74 million shares valued at $43.27 million to account for 6.56% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 3.47 million shares representing 6.09% and valued at over $40.18 million, while PL Capital Advisors, LLC holds 5.97% of the shares totaling 3.4 million with a market value of $39.39 million.
Banc of California Inc (BANC) Insider Activity
The most recent transaction is an insider purchase by LASHLEY RICHARD J, the company’s Director. SEC filings show that LASHLEY RICHARD J bought 7,500 shares of the company’s common stock on Mar 14 ’24 at a price of $14.47 per share for a total of $0.11 million. Following the purchase, the insider now owns 2.49 million shares.
Banc of California Inc disclosed in a document filed with the SEC on Mar 01 ’24 that LASHLEY RICHARD J (Director) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $14.44 per share for $0.22 million. Following the transaction, the insider now directly holds 2.48 million shares of the BANC stock.
Still, SEC filings show that on Feb 29 ’24, LASHLEY RICHARD J (Director) acquired 10,000 shares at an average price of $21.40 for $0.21 million. The insider now directly holds 10,000 shares of Banc of California Inc (BANC).
