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 6,823 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
56% more call options, than puts
Call options by funds: $34.5M | Put options by funds: $22.2M
30% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 27
11% more capital invested
Capital invested by funds: $2.05B [Q2] → $2.27B (+$224M) [Q3]
2% more funds holding
Funds holding: 261 [Q2] → 267 (+6) [Q3]
4.02% less ownership
Funds ownership: 101.32% [Q2] → 97.31% (-4.02%) [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
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$16
1%
downside
Avg. target
$18.71
16%
upside
High target
$20
24%
upside
7 analyst ratings
6 positive
86%
1 neutral
14%
0 negative
0%
Wells Fargo Timur Braziler 61% 1-year accuracy 17 / 28 met price target | 24%upside $20 | Overweight Upgraded | 6 Jan 2025 |
Barclays Jared Shaw 69% 1-year accuracy 48 / 70 met price target | 24%upside $20 | Overweight Maintained | 5 Dec 2024 |
Keefe, Bruyette & Woods Christopher Mcgratty 76% 1-year accuracy 13 / 17 met price target | 24%upside $20 | Outperform Maintained | 4 Dec 2024 |
Stephens & Co. Andrew Terrell 77% 1-year accuracy 17 / 22 met price target | 1%downside $16 | Equal-Weight Maintained | 24 Oct 2024 |
DA Davidson Gary Tenner 81% 1-year accuracy 34 / 42 met price target | 17%upside $19 | Buy Maintained | 23 Oct 2024 |
Financial journalist opinion
Based on 6 articles about BANC published over the past 30 days
Positive
Zacks Investment Research
6 hours ago
Seeking Clues to Banc of California (BANC) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Banc of California (BANC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Positive
Zacks Investment Research
4 days ago
Banc of California (BANC) Upgraded to Buy: What Does It Mean for the Stock?
Banc of California (BANC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
4 days ago
Banc of California (BANC) Reports Next Week: Wall Street Expects Earnings Growth
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.
Neutral
Business Wire
6 days ago
Banc of California Creates Charitable Fund and Commits $1 Million to Support Southern California Communities Affected by Wildfires
LOS ANGELES--(BUSINESS WIRE)-- #LosAngeles--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced it has launched the Banc of California Wildfire Relief & Recovery Fund, which will support ongoing relief and rebuilding efforts for Southern California communities devastated by the wildfires in the Los Angeles area. This charitable fund will be seeded with a $1 million donation from Banc of California and represents the bank's commitment to supporting its communi.
Positive
Seeking Alpha
2 weeks ago
Banc of California: The Rescue Plan Continues
Banc of California's turnaround, presents a contrarian investment opportunity with a 32% return so far. The bank's repositioning of its balance sheet and reduced Federal Reserve loan dependence show promising progress. Trust in banking is crucial.
Neutral
Business Wire
2 weeks ago
Banc of California Announces Schedule of Fourth Quarter 2024 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, January 23, 2025. The Company will host a conference call to discuss these financial 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 4964279. A link to the live audio.
Neutral
Business Wire
1 month 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
2 months 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
2 months 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
2 months 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.
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