Banc of California Inc (BANC) concluded trading on Thursday at a closing price of $16.93, with 3.19 million shares of worth about $54.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.55% during that period and on December 05, 2024 the price saw a loss of about -0.94%. Currently the company’s common shares owned by public are about 158.33M shares, out of which, 137.95M shares are available for trading.
Stock saw a price change of -2.14% in past 5 days and over the past one month there was a price change of 10.94%. Year-to-date (YTD), BANC shares are showing a performance of 26.06% 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 $11.88 but also hit the highest price of $18.08 during that period. The average intraday trading volume for Banc of California Inc shares is 2.39 million. The stock is currently trading 1.41% above its 20-day simple moving average (SMA20), while that difference is up 8.45% for SMA50 and it goes to 17.73% higher than SMA200.
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Banc of California Inc (NYSE: BANC) currently have 158.33M outstanding shares and institutions hold larger chunk of about 79.80% of that.
The stock has a current market capitalization of $2.85B and its 3Y-monthly beta is at 1.14. 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 2.03% while standing at 2.65% over the month.
Stock’s fiscal year EPS is expected to rise by 102.03% while it is estimated to increase by 182.19% 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.
