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After finishing at $14.73 in the prior trading day, Banc of California Inc (NYSE: BANC) closed at $14.05, down -4.62%. In other words, the price has decreased by -$4.62 from its previous closing price. On the day, 2.52 million shares were traded. BANC stock price reached its highest trading level at $14.65 during the session, while it also had its lowest trading level at $14.0399.
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 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, Wedbush on September 24, 2024, Upgraded its rating to Outperform and sets its target price to $18 from $14 previously.
On September 17, 2024, Raymond James Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $16.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on March 22, 2024, whereas the target price for the stock was revised from $16 to $18.
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 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 2373410304 and an Enterprise Value of 2705143040. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 7.13.
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 0.40%, while the 200-Day Moving Average is calculated to be 1.39%.
Shares Statistics:
The stock has traded on average 2.23M shares per day over the past 3-months and 2738770 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 137.99M. Insiders hold about 18.31% of the company’s shares, while institutions hold 82.23% stake in the company. Shares short for BANC as of 1726185600 were 12740026 with a Short Ratio of 5.72, compared to 1723680000 on 13351457. Therefore, it implies a Short% of Shares Outstanding of 12740026 and a Short% of Float of 9.51.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.0.
