Sentiment for Banc Of California Inc (NYSE:BANC)
Banc Of California Inc (NYSE:BANC) institutional sentiment increased to 1.3 in 2018 Q4. Its up 0.28, from 1.02 in 2018Q3. The ratio is more positive, as 79 institutional investors increased and started new positions, while 61 sold and decreased their stock positions in Banc Of California Inc. The institutional investors in our partner’s database now have: 51.34 million shares, down from 54.85 million shares in 2018Q3. Also, the number of institutional investors holding Banc Of California Inc in their top 10 positions decreased from 7 to 5 for a decrease of 2. Sold All: 17 Reduced: 44 Increased: 54 New Position: 25.
Banc of California, Inc. operates as the bank holding firm for Banc of California, National Association that provides banking services and products in the United States. The company has market cap of $730.99 million. It operates through Commercial Banking and Mortgage Banking divisions. It has a 32.14 P/E ratio. The companyÂ’s deposits consist of checking, savings, money market, retirement, and interest and non-interest bearing demand accounts, as well as certificates of deposit; and commercial and consumer loan products include commercial and industrial loans, commercial real estate loans, multi-family loans, small business administration guaranteed business loans, construction and renovation loans, lease financing, single family residential mortgage loans, warehouse loans, asset-insurance-or security backed loans, home equity lines of credit, consumer and business lines of credit, home equity loans, and other consumer loans.
The stock decreased 1.43% or $0.21 during the last trading session, reaching $14.43. About 890,632 shares traded or 57.35% up from the average. Banc of California, Inc. (NYSE:BANC) has declined 12.88% since March 17, 2018 and is downtrending. It has underperformed by 17.25% the S&P500.
Analysts await Banc of California, Inc. (NYSE:BANC) to report earnings on April, 26. They expect $0.25 EPS, up 400.00 % or $0.20 from last year’s $0.05 per share. BANC’s profit will be $12.66 million for 14.43 P/E if the $0.25 EPS becomes a reality. After $0.05 actual EPS reported by Banc of California, Inc. for the previous quarter, Wall Street now forecasts 400.00 % EPS growth.
Pl Capital Advisors Llc holds 13.78% of its portfolio in Banc of California, Inc. for 3.40 million shares. Patriot Financial Partners Gp Lp owns 1.46 million shares or 11.86% of their US portfolio. Moreover, Second Curve Capital Llc has 11.53% invested in the company for 872,000 shares. The Virginia-based Ejf Capital Llc has invested 3.18% in the stock. Forest Hill Capital Llc, a Arkansas-based fund reported 731,868 shares.
Since January 1, 0001, it had 2 insider purchases, and 1 insider sale for $104,993 activity.
Banc of California, Inc. (NYSE:BANC) Ratings Coverage
Ratings analysis reveals 100% of Banc of California’s analysts are positive. Out of 2 Wall Street analysts rating Banc of California, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $15 while the high is $20. The stock’s average target of $18.33 is 27.03% above today’s ($14.43) share price. BANC was included in 7 notes of analysts from November 12, 2018. The firm has “Outperform” rating by Raymond James given on Monday, November 12. The stock of Banc of California, Inc. (NYSE:BANC) has “Buy” rating given on Wednesday, March 6 by Piper Jaffray. The firm has “Neutral” rating given on Tuesday, December 18 by FBR Capital.
More recent Banc of California, Inc. (NYSE:BANC) news were published by: Twst.com which released: “Associated Banc-Corp (NYSE:ASB) is Building a Book of Business for Wisconsin and Beyond – The Wall Street Transcript” on February 26, 2019. Also Seekingalpha.com published the news titled: “Banc of California names Jared Wolff as President and CEO – Seeking Alpha” on March 05, 2019. Ocbj.com‘s news article titled: “Midday Stock Roundup – Orange County Business Journal” with publication date: March 05, 2019 was also an interesting one.