Banc of California (NYSE: BANC) recently received a number of ratings updates from brokerages and research firms:

  • 7/14/2017 – Banc of California was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/12/2017 – Banc of California was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Banc of California, Inc. provides comprehensive banking services to California’s diverse private businesses, entrepreneurs and homeowners. It is the parent company of Banc of California, National Association. “
  • 7/11/2017 – Banc of California was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Banc of California, Inc. provides comprehensive banking services to California’s diverse private businesses, entrepreneurs and homeowners. It is the parent company of Banc of California, National Association. “
  • 7/6/2017 – Banc of California was given a new $22.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.
  • 6/22/2017 – Banc of California was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/13/2017 – Banc of California was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/5/2017 – Banc of California had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $22.00 price target on the stock.
  • 6/3/2017 – Banc of California was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Banc of California, Inc. (NYSE BANC) opened at 20.75 on Monday. The company has a market capitalization of $983.11 million, a price-to-earnings ratio of 11.61 and a beta of 0.97. Banc of California, Inc. has a 52-week low of $10.93 and a 52-week high of $23.25. The company’s 50-day moving average price is $21.05 and its 200 day moving average price is $19.57.

Banc of California (NYSE:BANC) last issued its quarterly earnings data on Wednesday, May 3rd. The bank reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Banc of California had a return on equity of 16.41% and a net margin of 17.80%. The company had revenue of $95.38 million for the quarter, compared to the consensus estimate of $151.51 million. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, equities analysts expect that Banc of California, Inc. will post $1.14 EPS for the current fiscal year.

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

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.

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