Comparing Banc of California (BANC) & Its Peers
Banc of California (NYSE: BANC) is one of 308 public companies in the “Banks” industry, but how does it contrast to its competitors? We will compare Banc of California to similar businesses based on the strength of its profitability, institutional ownership, dividends, risk, valuation, analyst recommendations and earnings.
Banc of California pays an annual dividend of $0.52 per share and has a dividend yield of 2.4%. Banc of California pays out 49.1% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 35.1% of their earnings in the form of a dividend.
Banc of California has a beta of 0.97, suggesting that its stock price is 3% less volatile than the S&P 500. Comparatively, Banc of California’s competitors have a beta of 0.79, suggesting that their average stock price is 21% less volatile than the S&P 500.
This is a summary of recent recommendations for Banc of California and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Banc of California||0||1||3||0||2.75|
|Banc of California Competitors||2414||8728||8708||369||2.35|
Banc of California currently has a consensus target price of $23.33, indicating a potential upside of 8.78%. As a group, “Banks” companies have a potential downside of 9.47%. Given Banc of California’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Banc of California is more favorable than its competitors.
This table compares Banc of California and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Banc of California||15.48%||11.78%||0.80%|
|Banc of California Competitors||18.63%||8.33%||0.93%|
Institutional and Insider Ownership
52.0% of shares of all “Banks” companies are owned by institutional investors. 16.9% of Banc of California shares are owned by insiders. Comparatively, 10.4% of shares of all “Banks” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Earnings and Valuation
This table compares Banc of California and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Banc of California||$656.85 million||$115.41 million||20.24|
|Banc of California Competitors||$5.55 billion||$833.70 million||390.66|
Banc of California’s competitors have higher revenue and earnings than Banc of California. Banc of California is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Banc of California competitors beat Banc of California on 8 of the 15 factors compared.
Banc of California Company Profile
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. The Bank offers automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, automatic clearing house (ACH) origination, wire transfer, direct deposit, and safe deposit boxes. Bank customers also have the ability to access their accounts through a nationwide network of automated teller machines (ATMs), online, telephone and mobile banking. The Bank’s lending activities are focused on providing financing to private businesses, entrepreneurs and homeowners.
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