27-Mar-2024
Bullish on Banc of California: Buy Rating Affirmed Amidst Post-Merger Growth Strategy
TipRanks (Tue, 26-Mar 4:05 PM ET)
Banc of California Names Greg Smith to Lead Digital Strategy
Business Wire (Thu, 7-Mar 12:00 PM ET)
Banc of California Named by Newsweek as One of America's Greatest Workplaces for Women 2024
Business Wire (Wed, 6-Mar 11:30 AM ET)
Business Wire (Thu, 22-Feb 11:30 AM ET)
Banc of California, Inc. Announces Quarterly Dividends
Business Wire (Thu, 8-Feb 4:05 PM ET)
Business Wire (Thu, 25-Jan 6:00 AM ET)
Banc of California Announces Schedule of Fourth Quarter 2023 Earnings Release and Conference Call
Business Wire (Fri, 5-Jan 6:00 AM ET)
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.
Banc Of California trades on the NYSE stock market under the symbol BANC.
As of March 27, 2024, BANC stock price climbed to $15.17 with 3,151,859 million shares trading.
BANC has a beta of 1.98, meaning it tends to be more sensitive to market movements. BANC has a correlation of 0.27 to the broad based SPY ETF.
BANC has a market cap of $2.57 billion. This is considered a Mid Cap stock.
Last quarter Banc Of California reported $151 million in Revenue and -$4.52 earnings per share. This fell short of revenue expectation by $-20 million and missed earnings estimates by -$4.44.
In the last 3 years, BANC stock traded as high as $22.09 and as low as $9.72.
The top ETF exchange traded funds that BANC belongs to (by Net Assets): IJR, VTI, IWM, KRE, VXF.
BANC stock has underperformed the market in the last year with a return of +22.7%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BANC shares. However, BANC has outperformed the market in the last 3 month and 2 week periods, returning +10.4% and +3.7%, while SPY returned +10.1% and +1.7%, respectively. This indicates BANC has been having a stronger performance recently.
BANC support price is $14.12 and resistance is $14.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BANC stock will trade within this expected range on the day.