Banc of California Inc (BANC) concluded trading on Wednesday at a closing price of $12.80, with 2.98 million shares of worth about $38.19 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.54% during that period and on July 10, 2024 the price saw a gain of about 2.15%. Currently the company’s common shares owned by public are about 156.79M shares, out of which, 137.33M shares are available for trading.
Stock saw a price change of -2.96% in past 5 days and over the past one month there was a price change of -1.84%. Year-to-date (YTD), BANC shares are showing a performance of -4.69% which increased to 8.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.96 but also hit the highest price of $16.08 during that period. The average intraday trading volume for Banc of California Inc shares is 2.27 million. The stock is currently trading 0.03% above its 20-day simple moving average (SMA20), while that difference is down -5.43% for SMA50 and it goes to -3.72% lower than SMA200.
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Banc of California Inc (NYSE: BANC) currently have 156.79M outstanding shares and institutions hold larger chunk of about 77.92% of that.
The stock has a current market capitalization of $2.16B and its 3Y-monthly beta is at 1.15. It has posted earnings per share of -$3.38 in the same period. It has a debt-to-equity ratio of 0.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BANC, volatility over the week remained 2.97% while standing at 2.95% over the month.
Stock’s fiscal year EPS is expected to rise by 104.23% while it is estimated to increase by 87.92% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Keefe Bruyette on March 22, 2024 offering an Outperform rating for the stock and assigned a target price range of between $16 and $18 to it. Coverage by Barclays stated Banc of California Inc (BANC) stock as an Equal weight in their note to investors on March 08, 2024, suggesting a price target of $16 for the stock. On December 04, 2023, Truist Initiated their recommendations, while on October 04, 2023, Wells Fargo Downgrade their ratings for the stock with a price target of $13.50. Stock get a Mkt perform rating from Keefe Bruyette on July 31, 2023.
