Currently, there are 156.79M common shares owned by the public and among those 137.99M shares have been available to trade.
The company’s stock has a 5-day price change of 2.87% and 19.07% over the past three months. BANC shares are trading 14.82% year to date (YTD), with the 12-month market performance up to 35.50% higher. It has a 12-month low price of $9.96 and touched a high of $15.54 over the same period. BANC has an average intraday trading volume of 2.14 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 6.10%, 7.58%, and 10.65% respectively.
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Institutional ownership of Banc of California Inc (NYSE: BANC) shares accounts for 82.22% of the company’s 156.79M shares outstanding.
It has a market capitalization of $2.60B and a beta (3y monthly) value of 1.15. The earnings-per-share (ttm) stands at -$4.31. The company has a debt-to-equity ratio at 0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.91% over the week and 2.82% over the month.
Analysts forecast that Banc of California Inc (BANC) will achieve an EPS of 0.1 for the current quarter, 0.21 for the next quarter and 1.29 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.07 while analysts give the company a high EPS estimate of -0.07. Comparatively, EPS for the current quarter was 0.3 a year ago. Earnings per share for the fiscal year are expected to increase by 101.83%, and 212.03% over the next financial year.
Looking at the support for the BANC, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on October 10, 2024, with the firm’s price target at $15. Wedbush coverage for the Banc of California Inc (BANC) stock in a research note released on September 24, 2024 offered a Outperform rating with a price target of $18. Raymond James was of a view on September 17, 2024 that the stock is Outperform, while Keefe Bruyette gave the stock Outperform rating on March 22, 2024, issuing a price target of $16- $18. Barclays on their part issued Equal Weight rating on March 08, 2024.
