Banc of California Inc (NYSE: BANC) is 1.55% higher on its value in year-to-date trading and has touched a low of $11.88 and a high of $18.08 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 $16.07 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $15.70, the stock is 0.40% and -3.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.62 million and changing -2.30% at the moment leaves the stock 7.70% off its SMA200. BANC registered 19.39% gain for a year compared to 6-month gain of 13.52%. The firm has a 50-day simple moving average (SMA 50) of $16.2262 and a 200-day simple moving average (SMA200) of $14.5725.
The stock witnessed a 2.21% loss in the last 1 month and extending the period to 3 months gives it a 6.08%, and is -2.30% 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 2.63% over the week and 3.04% over the month.
Banc of California Inc (BANC) has around 2304 employees, a market worth around $2.65B and $1.89B in sales. Current P/E ratio is 30.36 and Fwd P/E is 9.25. Profit margin for the company is 4.61%. Distance from 52-week low is 32.15% and -13.15% from its 52-week high. The company has generated returns on investments over the last 12 months (1.49%).
with sales reaching $276.21M over the same period.The EPS is expected to grow by 149.04% this year, but quarterly earnings will post 15.46% year-over-year. Quarterly sales are estimated to grow 1.19% in year-over-year returns.
352.0 institutions hold shares in Banc of California Inc (BANC), with institutional investors hold 99.42% of the company’s shares. The shares outstanding are 168.60M, and float is at 138.09M with Short Float at 7.13%. Institutions hold 98.38% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 21.86 million shares valued at $279.38 million. The investor’s holdings represent 12.979 of the BANC Shares outstanding. As of 2024-06-30, the second largest holder is WARBURG PINCUS LLC with 15.59 million shares valued at $199.28 million to account for 9.2576 of the shares outstanding. The other top investors are STATE STREET CORP which holds 9.91 million shares representing 5.8859 and valued at over $127.63 million, while VANGUARD GROUP INC holds 5.6885 of the shares totaling 9.58 million with a market value of $122.45 million.
Banc of California Inc (BANC) Insider Activity
The most recent transaction is an insider sale by LASHLEY RICHARD J, the company’s Director. SEC filings show that LASHLEY RICHARD J sold 125,000 shares of the company’s common stock on Sep 05 ’24 at a price of $14.20 per share for a total of $1.77 million. Following the sale, the insider now owns 0.67 million shares.
Banc of California Inc disclosed in a document filed with the SEC on Sep 04 ’24 that LASHLEY RICHARD J (Director) sold a total of 75,000 shares of the company’s common stock. The trade occurred on Sep 04 ’24 and was made at $14.00 per share for $1.05 million. Following the transaction, the insider now directly holds 0.72 million shares of the BANC stock.
Still, SEC filings show that on Apr 25 ’24, WOLFF JARED M (PRESIDENT AND CEO) acquired 7,130 shares at an average price of $13.98 for $99677.0. The insider now directly holds 268,695 shares of Banc of California Inc (BANC).
