Banc of California Inc (NYSE: BANC) is -21.67% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BANC stock was last observed hovering at around $12.37 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $12.11, the stock is -12.69% and -17.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.58 million and changing -2.10% at the moment leaves the stock -18.17% off its SMA200. BANC registered -17.05% loss for a year compared to 6-month loss of -12.69%. The firm has a 50-day simple moving average (SMA 50) of $14.7652 and a 200-day simple moving average (SMA200) of $14.7989.
The stock witnessed a -12.25% gain in the last 1 month and extending the period to 3 months gives it a -21.92%, and is -14.66% 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 5.46% over the week and 3.87% over the month.
Banc of California Inc (BANC) has around 1903 employees, a market worth around $2.04B and $1.89B in sales. Current P/E ratio is 23.42 and Fwd P/E is 7.32. Profit margin for the company is 4.61%. Distance from 52-week low is 1.94% and -33.01% from its 52-week high. The company has generated returns on investments over the last 12 months (1.47%).
with sales reaching $270.92M over the same period.The EPS is expected to grow by 134.03% this year, but quarterly earnings will post 14.41% year-over-year. Quarterly sales are estimated to shrink -0.75% in year-over-year returns.
Banc of California Inc (BANC) Top Institutional Holders
365.0 institutions hold shares in Banc of California Inc (BANC), with institutional investors hold 100.32% of the company’s shares. The shares outstanding are 158.35M, and float is at 138.96M with Short Float at 10.01%. Institutions hold 99.43% 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).
