Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Banc of California Inc (NYSE: BANC) closed at $14.69 in the last session, down -0.34% from day before closing price of $14.74. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 1.32 million 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 0.67 whereas as Long-Term Debt/Eq ratio is at 0.67.
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, JP Morgan on February 07, 2025, initiated with a Neutral rating and assigned the stock a target price of $18.
On January 06, 2025, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $17 to $20.
Barclays Upgraded its Equal Weight to Overweight on October 31, 2024, whereas the target price for the stock was revised from $17 to $18.
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:
As of this moment, Banc’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.41, and their Forward P/E ratio for the next fiscal year is 8.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 0.83.
Stock Price History:
Over the past 52 weeks, BANC has reached a high of $18.08, while it has fallen to a 52-week low of $11.88. The 50-Day Moving Average of the stock is -6.93%, while the 200-Day Moving Average is calculated to be -0.47%.
Shares Statistics:
A total of 168.83M shares are outstanding, with a floating share count of 139.21M. Insiders hold about 17.54% of the company’s shares, while institutions hold 81.23% stake in the company.
