1 day Ago By ABMN Staff
Banc of California ( NYSE:BANC – Get Free Report ) ‘s stock had its “equal weight” rating reaffirmed by stock analysts at Stephens in a research note issued to investors on Monday, Benzinga reports. They currently have a $15.00 target price on the bank’s stock.
Stephens’ target price would indicate a potential upside of 10.70% from the stock’s current price. Several other research firms have also commented on BANC.
Robert W. Baird dropped their price objective on shares of Banc of California from $19.00 to $17.
00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Wells Fargo & Company dropped their price target on shares of Banc of California from $20.00 to $16.
00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. StockNews.com raised shares of Banc of California from a “sell” rating to a “hold” rating in a research report on Friday, January 24th.
Barclays dropped their target price on Banc of California from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th.
Finally, JPMorgan Chase & Co. assumed coverage on Banc of California in a report on Friday, February 7th. They issued a “neutral” rating and a $18.
00 price target on the stock. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.
25. Read Our Latest Stock Analysis on Banc of California Banc of California Stock Up 3.3 % Banc of California ( NYSE:BANC – Get Free Report ) last posted its quarterly earnings data on Wednesday, April 23rd.
The bank reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.
02. The business had revenue of $266.01 million during the quarter, compared to analyst estimates of $272.
36 million. Banc of California had a return on equity of 6.20% and a net margin of 7.
06%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis.
During the same period last year, the company earned $0.19 EPS. As a group, equities research analysts predict that Banc of California will post 1.
31 earnings per share for the current year. Insider Activity In other Banc of California news, Director James Andrew Barker acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average cost of $13.
16 per share, with a total value of $131,600.00. Following the completion of the acquisition, the director now directly owns 169,680 shares in the company, valued at $2,232,988.
80. This represents a 6.26 % increase in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Company insiders own 2.69% of the company’s stock.
Institutional Trading of Banc of California Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crescent Grove Advisors LLC grew its position in shares of Banc of California by 0.7% in the 4th quarter.
Crescent Grove Advisors LLC now owns 99,084 shares of the bank’s stock worth $1,542,000 after buying an additional 664 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Banc of California by 4.8% in the fourth quarter.
CIBC Asset Management Inc now owns 15,052 shares of the bank’s stock valued at $233,000 after acquiring an additional 683 shares in the last quarter. World Investment Advisors LLC grew its holdings in Banc of California by 4.5% in the third quarter.
World Investment Advisors LLC now owns 18,082 shares of the bank’s stock worth $266,000 after purchasing an additional 779 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Banc of California by 35.1% during the fourth quarter.
Jones Financial Companies Lllp now owns 3,574 shares of the bank’s stock worth $55,000 after purchasing an additional 928 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Banc of California by 6.8% during the fourth quarter.
Bank of Montreal Can now owns 16,341 shares of the bank’s stock worth $253,000 after purchasing an additional 1,038 shares in the last quarter. Institutional investors own 86.88% of the company’s stock.
Banc of California Company Profile ( Get Free Report ) Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes. Featured Articles Receive News & Ratings for Banc of California Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banc of California and related companies with MarketBeat.
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