The price of Banc of California Inc (NYSE: BANC) closed at $14.19 in the last session, down -0.14% from day before closing price of $14.21. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 1663469 shares were traded.
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 1.18 whereas as Long-Term Debt/Eq ratio is at 1.17.
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 the company, Keefe Bruyette on March 22, 2024, Upgraded its rating to Outperform and sets its target price to $18 from $16 previously.
On March 08, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $16.
On December 04, 2023, Truist started tracking the stock assigning a Hold rating and target price of $14.Truist initiated its Hold rating on December 04, 2023, with a $14 target price.
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 Mar 14 ’24 when LASHLEY RICHARD J bought 7,500 shares for $14.47 per share. The transaction valued at 108,562 led to the insider holds 2,485,643 shares of the business.
LASHLEY RICHARD J bought 15,000 shares of BANC for $216,669 on Mar 01 ’24. The Director now owns 2,478,143 shares after completing the transaction at $14.44 per share. On Feb 29 ’24, another insider, LASHLEY RICHARD J, who serves as the Director of the company, bought 10,000 shares for $21.40 each. As a result, the insider paid 213,993 and bolstered with 10,000 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 2.24B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.62 while its Price-to-Book (P/B) ratio in mrq is 0.82.
Stock Price History:
Over the past 52 weeks, BANC has reached a high of $16.08, while it has fallen to a 52-week low of $9.72. The 50-Day Moving Average of the stock is 14.32, while the 200-Day Moving Average is calculated to be 13.03.
Shares Statistics:
According to the various share statistics, BANC traded on average about 2.51M shares per day over the past 3-months and 2.05M shares per day over the past 10 days. A total of 156.79M shares are outstanding, with a floating share count of 153.54M. Insiders hold about 8.66% of the company’s shares, while institutions hold 71.59% stake in the company. Shares short for BANC as of Mar 15, 2024 were 11.3M with a Short Ratio of 3.67, compared to 9.99M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.19% and a Short% of Float of 7.86%.
Dividends & Splits
The forward annual dividend rate for BANC is 0.40, which was 0.01 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.07%, it implies a Forward Annual Dividend Yield of 2.64%. The stock’s 5-year Average Dividend Yield is 2.06.
Earnings Estimates
The company has 10 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.33 and a low estimate of $0, while EPS last year was $0.37. The consensus estimate for the next quarter is $0.28, with high estimates of $0.35 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.67 and $0.87 for the fiscal current year, implying an average EPS of $1.38. EPS for the following year is $2.04, with 10 analysts recommending between $2.33 and $1.66.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $261M. It ranges from a high estimate of $293.31M to a low estimate of $234M. As of the current estimate, Banc of California Inc’s year-ago sales were $78.64M, an estimated increase of 231.90% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $266.72M, an increase of 272.90% over than the figure of $231.90% in the same quarter last year. There is a high estimate of $305M for the next quarter, whereas the lowest estimate is $245.51M.
A total of 9 analysts have provided revenue estimates for BANC’s current fiscal year. The highest revenue estimate was $1.26B, while the lowest revenue estimate was $1B, resulting in an average revenue estimate of $1.1B. In the same quarter a year ago, actual revenue was $747.13M, up 46.80% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.19B in the next fiscal year. The high estimate is $1.4B and the low estimate is $1.08B. The average revenue growth estimate for next year is up 8.80% from the average revenue estimate for this year.
