After finishing at $14.90 in the prior trading day, Banc of California Inc (NYSE: BANC) closed at $14.77, down -0.87%. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 1542877 shares were traded.
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 this company, Truist on December 04, 2023, initiated with a Hold rating and assigned the stock a target price of $14.
On October 04, 2023, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $21 to $13.50.
Keefe Bruyette Downgraded its Outperform to Mkt Perform on July 31, 2023, while the target price for the stock was maintained at $16.
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 01 ’24 when LASHLEY RICHARD J bought 15,000 shares for $14.44 per share. The transaction valued at 216,669 led to the insider holds 2,478,143 shares of the business.
LASHLEY RICHARD J bought 10,000 shares of BANC for $213,993 on Feb 29 ’24. The Director now owns 10,000 shares after completing the transaction at $21.40 per share. On Feb 14 ’24, another insider, Barker James Andrew, who serves as the Director of the company, bought 10,000 shares for $13.16 each. As a result, the insider paid 131,590 and bolstered with 159,680 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 2.32B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.85 while its Price-to-Book (P/B) ratio in mrq is 0.86.
Stock Price History:
Over the past 52 weeks, BANC has reached a high of $17.16, while it has fallen to a 52-week low of $9.72. The 50-Day Moving Average of the stock is 13.64, while the 200-Day Moving Average is calculated to be 12.68.
Shares Statistics:
The stock has traded on average 2.64M shares per day over the past 3-months and 2.22M 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 139.12M. Insiders hold about 17.24% of the company’s shares, while institutions hold 71.58% stake in the company. Shares short for BANC as of Feb 15, 2024 were 9.99M with a Short Ratio of 3.78, compared to 8.32M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.89% and a Short% of Float of 6.41%.
Dividends & Splits
In the trailing 12 months, BANC’s forward annual dividend rate was 0.01, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 0.07%, it implies a Forward Annual Dividend Yield of 2.71%. The stock’s 5-year Average Dividend Yield is 2.06.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.28 for the current quarter, with a high estimate of $0.33 and a low estimate of $0.24, while EPS last year was $0.37. The consensus estimate for the next quarter is $0.34, with high estimates of $0.37 and low estimates of $0.28.
Analysts are recommending an EPS of between $1.67 and $1.27 for the fiscal current year, implying an average EPS of $1.53. EPS for the following year is $2.03, with 9 analysts recommending between $2.33 and $1.79.
Revenue Estimates
9 analysts predict $265.79M in revenue for the current quarter. It ranges from a high estimate of $299M to a low estimate of $249.54M. As of the current estimate, Banc of California Inc’s year-ago sales were $78.64M, an estimated increase of 238.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $270.56M, an increase of 278.30% over than the figure of $238.00% in the same quarter last year. There is a high estimate of $305.3M for the next quarter, whereas the lowest estimate is $245.54M.
A total of 9 analysts have provided revenue estimates for BANC’s current fiscal year. The highest revenue estimate was $1.24B, while the lowest revenue estimate was $1.01B, resulting in an average revenue estimate of $1.11B. In the same quarter a year ago, actual revenue was $747.13M, up 48.20% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.19B in the next fiscal year. The high estimate is $1.28B and the low estimate is $1.09B. The average revenue growth estimate for next year is up 7.30% from the average revenue estimate for this year.
