Banc of CaliforniaBANC
BANC
About: Banc of California Inc is a financial holding company. It offers banking and financial services. The company's services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California's diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate. The company has one reportable segment named Commercial banking.
Employees: 2,304
0
Funds holding %
of 6,805 funds
0
Analysts bullish %
of 15 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
64% more call options, than puts
Call options by funds: $23.2M | Put options by funds: $14.2M
21% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 29
11% more capital invested
Capital invested by funds: $2.02B [Q2] → $2.24B (+$220M) [Q3]
2% more funds holding
Funds holding: 261 [Q2] → 267 (+6) [Q3]
4.0% less ownership
Funds ownership: 100.08% [Q2] → 96.08% (-4.0%) [Q3]
9% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 10 (-1) [Q3]
21% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 99
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
10%
downside
Avg. target
$17.33
4%
upside
High target
$20
20%
upside
15 analyst ratings
8 positive
53%
7 neutral
47%
0 negative
0%
Barclays Jared Shaw 63% 1-year accuracy 42 / 67 met price target | 20%upside $20 | Overweight Maintained | 5 Dec 2024 |
Keefe, Bruyette & Woods Christopher Mcgratty 79% 1-year accuracy 15 / 19 met price target | 20%upside $20 | Outperform Maintained | 4 Dec 2024 |
Barclays Jared Shaw 63% 1-year accuracy 42 / 67 met price target | 8%upside $18 | Overweight Upgraded | 31 Oct 2024 |
Stephens & Co. Andrew Terrell 95% 1-year accuracy 20 / 21 met price target | 4%downside $16 | Equal-Weight Maintained | 24 Oct 2024 |
DA Davidson Gary Tenner 100% 1-year accuracy 23 / 23 met price target | 14%upside $19 | Buy Maintained | 23 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
2 weeks ago
Banc of California Renews Commitment to Alliance for Southern California Innovation
LOS ANGELES--(BUSINESS WIRE)-- #Entrepreneurs--The Alliance for Southern California Innovation (the Alliance) and Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Banc of California has renewed its title sponsorship of the SoCal Venture Pipeline (the Pipeline) for a third consecutive year. The Pipeline improves access to institutional capital for Southern California-based founders who are seeking Seed and Series A funding by introducing the most promis.
Neutral
Business Wire
1 month ago
Banc of California, Inc. Announces Quarterly Dividends
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable January 2, 2025, to stockholders of record as of December 16, 2024. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend wil.
Positive
Zacks Investment Research
1 month ago
Banc of California (BANC) is a Great Momentum Stock: Should You Buy?
Does Banc of California (BANC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Neutral
Seeking Alpha
1 month ago
Banc of California, Inc. (BANC) Q3 2024 Earnings Call Transcript
Banc of California, Inc. (NYSE:BANC ) Q3 2024 Earnings Conference Call October 22, 2024 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President and CEO Joe Kauder - CFO Conference Call Participants Matthew Clark - Piper Sandler David Feaster - Raymond James Jared Shaw - Barclays Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Ben Gerlinger - Citi Timur Braziler - Wells Fargo Tim Coffey - Janney Chris McGratty - KBW Operator Good day and welcome to the Banc of California's Third Quarter Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
Banc of California (BANC) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Banc of California (BANC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Banc of California (BANC) Q3 Earnings and Revenues Beat Estimates
Banc of California (BANC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.30 per share a year ago.
Neutral
Business Wire
1 month ago
Banc of California, Inc. Reports Third Quarter 2024 Financial Results Which Include Balance Sheet Repositioning
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $(0.01) Loss Per Share $0.25 Adjusted Earnings Per Share(1) $17.75 Book Value Per Share $15.63 Tangible Book Value Per Share(1) 10.45% CET1 Ratio 28% Average Noninterest-Bearing Deposits to Average Total Deposits Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the third quarter ende.
Negative
Zacks Investment Research
1 month ago
Analysts Estimate Banc of California (BANC) to Report a Decline in Earnings: What to Look Out for
Banc of California (BANC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
2 months ago
Banc of California: Progress Will Continue In The Third Quarter
Banc of California received a $400 million investment from Warburg Pincus (related entities) to inject liquidity and strengthen its business. Integration efforts include selling problematic loans. The stock has lagged industry recovery, that should change as the bank continues to recover.
Neutral
Business Wire
2 months ago
Banc of California Announces Schedule of Third Quarter 2024 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2024 third quarter financial results on Tuesday, October 22, 2024. The Company will host a conference call to discuss its third quarter results at 10:00 a.m. Pacific Time (PT) on the same day. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 6084667. A link to the live audio webcast and the slide presentation for the.
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