Banc of California Inc (BANC) concluded trading on Wednesday at a closing price of $16.78, with 7.03 million shares of worth about $118.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.54% during that period and on November 06, 2024 the price saw a gain of about 9.96%. 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 7.77% in past 5 days and over the past one month there was a price change of 21.42%. Year-to-date (YTD), BANC shares are showing a performance of 24.94% which increased to 36.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.10 but also hit the highest price of $16.01 during that period. The average intraday trading volume for Banc of California Inc shares is 2.03 million. The stock is currently trading 10.00% above its 20-day simple moving average (SMA20), while that difference is up 14.28% for SMA50 and it goes to 19.10% higher than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Banc of California Inc (NYSE: BANC) currently have 156.79M outstanding shares and institutions hold larger chunk of about 81.55% of that.
The stock has a current market capitalization of $2.83B and its 3Y-monthly beta is at 1.13. It has posted earnings per share of -$4.31 in the same period. It has a debt-to-equity ratio of 0.72. 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 3.06% while standing at 3.06% over the month.
Analysts are in expectations that Banc of California Inc (BANC) stock would likely to be making an EPS of 0.23 in the current quarter, while forecast for next quarter EPS is 0.25 and it is 1.3 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.21 which is 0.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.49 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 102.03% while it is estimated to increase by 182.85% 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 Barclays on October 31, 2024 offering an Overweight rating for the stock and assigned a target price range of between $17 and $18 to it. Coverage by Citigroup stated Banc of California Inc (BANC) stock as a Neutral in their note to investors on October 10, 2024, suggesting a price target of $15 for the stock. On September 24, 2024, Wedbush Upgrade their recommendations, while on September 17, 2024, Raymond James Upgrade their ratings for the stock with a price target of $16. Stock get an Outperform rating from Keefe Bruyette on March 22, 2024.
