Banc of California (NYSE:BANC) will announce its earnings results before the market opens on Monday, January 29th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Banc of California (NYSE:BANC) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. Banc of California had a return on equity of 11.78% and a net margin of 15.48%. The company had revenue of $93.40 million for the quarter, compared to the consensus estimate of $84.24 million. During the same quarter in the previous year, the business earned $0.59 EPS. On average, analysts expect Banc of California to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Banc of California (NYSE:BANC) opened at $21.70 on Monday. Banc of California has a 12 month low of $14.40 and a 12 month high of $23.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $1,096.63, a price-to-earnings ratio of 19.04, a PEG ratio of 1.51 and a beta of 0.97.
A number of equities research analysts have recently issued reports on BANC shares. BidaskClub raised Banc of California from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Zacks Investment Research raised Banc of California from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. FBR & Co reaffirmed a “buy” rating and set a $24.00 target price on shares of Banc of California in a research report on Thursday, October 26th. ValuEngine lowered Banc of California from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Piper Jaffray Companies started coverage on Banc of California in a research report on Thursday, December 21st. They set an “overweight” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Banc of California currently has a consensus rating of “Buy” and a consensus price target of $23.50.
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.
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