Banc of California Inc (NYSE: BANC) is -11.90% lower on its value in year-to-date trading and has touched a low of $11.52 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 $13.72 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $13.62, the stock is -2.88% and -0.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -0.73% at the moment leaves the stock -8.32% off its SMA200. BANC registered 2.41% gain for a year compared to 6-month loss of -21.95%. The firm has a 50-day simple moving average (SMA 50) of $13.6526 and a 200-day simple moving average (SMA200) of $14.8534.
The stock witnessed a 1.72% gain in the last 1 month and extending the period to 3 months gives it a -7.09%, and is -1.02% 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 0.96% over the week and 1.82% over the month.
Banc of California Inc (BANC) has around 1903 employees, a market worth around $2.14B and $1.82B in sales. Current P/E ratio is 20.94 and Fwd P/E is 8.27. Profit margin for the company is 6.04%. Distance from 52-week low is 18.23% and -24.66% from its 52-week high. The company has generated returns on investments over the last 12 months (1.93%).
The EPS is expected to grow by 131.38% this year.
Banc of California Inc (BANC) Top Institutional Holders
369.0 institutions hold shares in Banc of California Inc (BANC), with institutional investors hold 112.45% of the company’s shares. The shares outstanding are 155.95M, and float is at 129.11M with Short Float at 11.86%. Institutions hold 111.32% 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 CORSINI BRYAN M, the company’s CHIEF CREDIT OFFICER. SEC filings show that CORSINI BRYAN M sold 24,066 shares of the company’s common stock on May 29 ’25 at a price of $13.78 per share for a total of $0.33 million. Following the sale, the insider now owns 84889.0 shares.
Still, SEC filings show that on Apr 29 ’25, Barker James Andrew (Director) acquired 10,000 shares at an average price of $13.16 for $0.13 million. The insider now directly holds 169,680 shares of Banc of California Inc (BANC).
