Banc of California, Inc. (NYSE:BANC) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.

Banc of California (NYSE:BANC) last issued its quarterly earnings results on Wednesday, May 3rd. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Banc of California had a net margin of 17.80% and a return on equity of 16.41%. The business had revenue of $95.38 million during the quarter, compared to the consensus estimate of $151.51 million. During the same quarter in the previous year, the business posted $0.36 EPS. On average, analysts expect Banc of California to post $1.12 EPS for the current fiscal year and $1.63 EPS for the next fiscal year.

Banc of California, Inc. (NYSE BANC) opened at 20.75 on Monday. The company has a market cap of $983.11 million, a price-to-earnings ratio of 11.61 and a beta of 0.98. The stock has a 50 day moving average price of $21.05 and a 200 day moving average price of $19.57. Banc of California, Inc. has a 52 week low of $10.93 and a 52 week high of $23.25.

The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.51%. Banc of California’s dividend payout ratio is currently 29.05%.

Several research firms have issued reports on BANC. ValuEngine downgraded Banc of California from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded Banc of California from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $22.00 price objective on Banc of California and gave the stock a “hold” rating in a research report on Thursday, July 6th. BidaskClub downgraded Banc of California from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, FBR & Co lowered their price objective on Banc of California from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.00.

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About Banc of California

Banc of California, Inc is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties.

Earnings History for Banc of California (NYSE:BANC)

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