Banc of California Inc (BANC) concluded trading on Thursday at a closing price of $14.01, with 2.16 million shares of worth about $30.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.27% during that period and on October 10, 2024 the price saw a loss of about -0.43%. Currently the company’s common shares owned by public are about 156.79M shares, out of which, 137.99M shares are available for trading.
Stock saw a price change of 1.01% in past 5 days and over the past one month there was a price change of 0.79%. Year-to-date (YTD), BANC shares are showing a performance of 4.32% which increased to 11.10% 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 $15.54 during that period. The average intraday trading volume for Banc of California Inc shares is 2.22 million. The stock is currently trading -2.92% below its 20-day simple moving average (SMA20), while that difference is up 0.11% for SMA50 and it goes to 1.03% higher 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 82.21% of that.
The stock has a current market capitalization of $2.37B and its 3Y-monthly beta is at 1.15. It has posted earnings per share of -$3.57 in the same period. It has a debt-to-equity ratio of 0.70. 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 2.77% while standing at 2.69% over the month.
Stock’s fiscal year EPS is expected to rise by 101.77% while it is estimated to increase by 223.59% 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 Citigroup on Oct-11-24 offering a Neutral rating for the stock and assigned a target price of $15 to it. Coverage by Wedbush stated Banc of California Inc (BANC) stock as an Outperform in their note to investors on September 24, 2024, suggesting a price target of $18 for the stock. On September 17, 2024, Raymond James Upgrade their recommendations, while on March 22, 2024, Keefe Bruyette Upgrade their ratings for the stock with a price target of $18. Stock get an Equal weight rating from Barclays on March 08, 2024.
