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As of close of business last night, Banc of California Inc’s stock clocked out at $13.90, up 0.14% from its previous closing price of $13.88. In other words, the price has increased by $0.14 from its previous closing price. On the day, 2.56 million shares were traded. BANC stock price reached its highest trading level at $13.935 during the session, while it also had its lowest trading level at $13.52.
Ratios:
To gain a deeper understanding of BANC’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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:
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 2344693760 and an Enterprise Value of 2679804160. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 7.064.
Stock Price History:
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 1.74%, while the 200-Day Moving Average is calculated to be 1.53%.
Shares Statistics:
It appears that BANC traded 2.14M shares on average per day over the past three months and 1840710 shares per day over the past ten days. A total of 156.79M shares are outstanding, with a floating share count of 137.81M. Insiders hold about 18.42% of the company’s shares, while institutions hold 85.32% stake in the company. Shares short for BANC as of 1723680000 were 13351457 with a Short Ratio of 6.23, compared to 1721001600 on 13164301. Therefore, it implies a Short% of Shares Outstanding of 13351457 and a Short% of Float of 9.959999999999999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.0.
