Banc of California Inc (NYSE: BANC) is 3.87% 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 $14.20 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $13.95, the stock is -3.18% and -3.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.84 million and changing -1.76% at the moment leaves the stock 6.39% off its SMA200. BANC registered 16.35% gain for a year compared to 6-month gain of 22.58%.
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The stock witnessed a -5.23% loss in the last 1 month and extending the period to 3 months gives it a 7.72%, and is 0.94% up 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 3.11% over the week and 2.82% over the month.
Banc of California Inc (BANC) has around 2304 employees, a market worth around $2.34B and $424.59M in sales. Fwd P/E is 6.97. Profit margin for the company is -97.08%. Distance from 52-week low is 43.52% and -13.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.60%).
The EPS is expected to grow by 104.97% this year.
Banc of California Inc (BANC) Top Institutional Holders
The shares outstanding are 156.79M, and float is at 153.57M with Short Float at 6.00%.
Banc of California Inc (BANC) Insider Activity
The most recent transaction is an insider purchase by LASHLEY RICHARD J,the company’sDirector. 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).
