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In the latest session, Banc of California Inc (NYSE: BANC) closed at $14.50 down -1.02% from its previous closing price of $14.65. In other words, the price has decreased by -$1.02 from its previous closing price. On the day, 2.86 million shares were traded. BANC stock price reached its highest trading level at $14.72 during the session, while it also had its lowest trading level at $14.425.
Ratios:
For a deeper understanding of Banc of California Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.69.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2470321664 and an Enterprise Value of 2905492224. As of this moment, Banc’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.04, and their Forward P/E ratio for the next fiscal year is 8.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 3.025.
Stock Price History:
The Beta on a monthly basis for BANC is 0.86, which has changed by -0.005486965 over the last 52 weeks, in comparison to a change of 0.08572841 over the same period for the S&P500. 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 -4.14%, while the 200-Day Moving Average is calculated to be -1.92%.
Shares Statistics:
For the past three months, BANC has traded an average of 2.14M shares per day and 2939210 over the past ten days. A total of 158.35M shares are outstanding, with a floating share count of 138.97M. Insiders hold about 17.59% of the company’s shares, while institutions hold 81.49% stake in the company. Shares short for BANC as of 1741910400 were 13906880 with a Short Ratio of 6.50, compared to 1739491200 on 11810603. Therefore, it implies a Short% of Shares Outstanding of 13906880 and a Short% of Float of 10.37.
Dividends & Splits
According to the company, the forward annual dividend rate for BANC is 0.40, from 0.4 in the trailing year. Against a Trailing Annual Dividend Yield of 0.027303755The stock’s 5-year Average Dividend Yield is 2.03.
