Currently, there are 156.79M common shares owned by the public and among those 137.33M shares have been available to trade.
The company’s stock has a 5-day price change of -5.73% and -2.61% over the past three months. BANC shares are trading 2.98% year to date (YTD), with the 12-month market performance up to 8.13% higher. It has a 12-month low price of $9.96 and touched a high of $16.08 over the same period. BANC has an average intraday trading volume of 2.38 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.13%, 2.63%, and 3.32% respectively.
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Institutional ownership of Banc of California Inc (NYSE: BANC) shares accounts for 77.79% of the company’s 156.79M shares outstanding.
It has a market capitalization of $2.33B and a beta (3y monthly) value of 1.16. The earnings-per-share (ttm) stands at -$3.38. The company has a debt-to-equity ratio at 0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.47% over the week and 3.48% over the month.
Earnings per share for the fiscal year are expected to increase by 104.16%, and 89.42% over the next financial year.
Looking at the support for the BANC, a number of firms have released research notes about the stock. Keefe Bruyette stated their Outperform rating for the stock in a research note on March 22, 2024, with the firm’s price target at $16-$18. Barclays coverage for the Banc of California Inc (BANC) stock in a research note released on March 08, 2024 offered a Equal Weight rating with a price target of $16. Truist was of a view on December 04, 2023 that the stock is Hold, while Wells Fargo gave the stock Equal Weight rating on October 04, 2023, issuing a price target of $21- $13.50. Keefe Bruyette on their part issued Mkt Perform rating on July 31, 2023.
