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After finishing at $13.81 in the prior trading day, Banc of California Inc (NYSE: BANC) closed at $13.80, down -0.07%. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 1.24 million shares were traded. BANC stock price reached its highest trading level at $13.925 during the session, while it also had its lowest trading level at $13.665.
Ratios:
Our goal is to gain a better understanding of BANC by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2181793792 and an Enterprise Value of 1460130688. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.46 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 5.915.
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 -3.86%, while the 200-Day Moving Average is calculated to be 5.52%.
Shares Statistics:
The stock has traded on average 2.46M shares per day over the past 3-months and 1684470 shares per day over the last 10 days, according to various share statistics. 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 72.10% stake in the company. Shares short for BANC as of 1711584000 were 9216126 with a Short Ratio of 3.74, compared to 1709164800 on 10534853. Therefore, it implies a Short% of Shares Outstanding of 9216126 and a Short% of Float of 6.909999999999999.
Dividends & Splits
In the trailing 12 months, BANC’s forward annual dividend rate was 0.01, compared to 0.40 this year. The stock’s 5-year Average Dividend Yield is 2.04.
Earnings Estimates
Banc of California Inc (BANC) is currently under the scrutiny of Bank of America Corporation analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $24.69, with high estimates of $2.95 and low estimates of $39.44.
