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The price of Banc of California Inc (NYSE: BANC) closed at $15.28 in the last session, down -0.46% from day before closing price of $15.35. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 1.95 million shares were traded. BANC stock price reached its highest trading level at $15.435 during the session, while it also had its lowest trading level at $15.21.
Ratios:
We take a closer look at BANC’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on October 10, 2024, initiated with a Neutral rating and assigned the stock a target price of $15.
On September 24, 2024, Wedbush Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $14 to $18.
Raymond James Upgraded its Mkt Perform to Outperform on September 17, 2024, while the target price for the stock was maintained at $16.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 05 ’24 when LASHLEY RICHARD J sold 125,000 shares for $14.20 per share. The transaction valued at 1,774,625 led to the insider holds 668,939 shares of the business.
LASHLEY RICHARD J sold 75,000 shares of BANC for $1,050,300 on Sep 04 ’24. The Director now owns 719,826 shares after completing the transaction at $14.00 per share. On Apr 25 ’24, another insider, WOLFF JARED M, who serves as the PRESIDENT AND CEO of the company, bought 7,130 shares for $13.98 each. As a result, the insider paid 99,677 and bolstered with 268,695 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BANC now has a Market Capitalization of 2581189120 and an Enterprise Value of 2912922624. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.16 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 7.678.
Stock Price History:
Over the past 52 weeks, BANC has reached a high of $15.54, while it has fallen to a 52-week low of $9.96. The 50-Day Moving Average of the stock is 7.53%, while the 200-Day Moving Average is calculated to be 9.93%.
Shares Statistics:
According to the various share statistics, BANC traded on average about 2.15M shares per day over the past 3-months and 1933500 shares per day over the past 10 days. A total of 156.79M shares are outstanding, with a floating share count of 137.99M. Insiders hold about 18.31% of the company’s shares, while institutions hold 82.23% stake in the company. Shares short for BANC as of 1727654400 were 9067266 with a Short Ratio of 4.21, compared to 1724976000 on 11944890. Therefore, it implies a Short% of Shares Outstanding of 9067266 and a Short% of Float of 6.77.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.0.
