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The closing price of Banc of California Inc (NYSE: BANC) was $12.95 for the day, down -2.12% from the previous closing price of $13.23. In other words, the price has decreased by -$2.12 from its previous closing price. On the day, 1.3 million shares were traded. BANC stock price reached its highest trading level at $13.26 during the session, while it also had its lowest trading level at $12.9.
Ratios:
Our analysis of BANC’s different ratios will help us gain a deeper understanding of the company. 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 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 25 ’24 when WOLFF JARED M bought 7,130 shares for $13.98 per share. The transaction valued at 99,677 led to the insider holds 268,695 shares of the business.
LASHLEY RICHARD J bought 7,500 shares of BANC for $108,562 on Mar 14 ’24. The Director now owns 2,485,643 shares after completing the transaction at $14.47 per share. On Mar 01 ’24, another insider, LASHLEY RICHARD J, who serves as the Director of the company, bought 15,000 shares for $14.44 each. As a result, the insider paid 216,669 and bolstered with 2,478,143 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 2187591680 and an Enterprise Value of 2519324160. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 6.641.
Stock Price History:
The Beta on a monthly basis for BANC is 1.15, which has changed by 0.046887636 over the last 52 weeks, in comparison to a change of 0.24822903 over the same period for the S&P500. 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 -2.05%, while the 200-Day Moving Average is calculated to be -3.97%.
Shares Statistics:
BANC traded an average of 2.29M shares per day over the past three months and 1847860 shares per day over the past ten days. A total of 156.79M shares are outstanding, with a floating share count of 137.74M. Insiders hold about 18.46% of the company’s shares, while institutions hold 83.34% stake in the company. Shares short for BANC as of 1722384000 were 12231845 with a Short Ratio of 5.33, compared to 1719532800 on 13015718. Therefore, it implies a Short% of Shares Outstanding of 12231845 and a Short% of Float of 9.15.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.01.
