Banc of California Inc (NYSE:BANC) insider John A. Bogler bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average price of $19.30 per share, with a total value of $386,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Banc of California Inc (NYSE:BANC) opened at $19.15 on Monday. Banc of California Inc has a one year low of $15.90 and a one year high of $23.40. The stock has a market cap of $967.05, a PE ratio of 30.63, a P/E/G ratio of 1.54 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 2.51.
Banc of California (NYSE:BANC) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.07. The firm had revenue of $78.87 million during the quarter, compared to the consensus estimate of $84.02 million. Banc of California had a net margin of 13.28% and a return on equity of 9.93%. The business’s revenue for the quarter was down 31.7% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. equities analysts predict that Banc of California Inc will post 1.02 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of BANC. Channing Capital Management LLC acquired a new stake in Banc of California during the third quarter worth approximately $48,607,000. Maltese Capital Management LLC lifted its position in Banc of California by 171.4% during the third quarter. Maltese Capital Management LLC now owns 760,000 shares of the bank’s stock worth $15,770,000 after acquiring an additional 480,000 shares during the last quarter. State Street Corp lifted its position in Banc of California by 13.5% during the second quarter. State Street Corp now owns 3,345,022 shares of the bank’s stock worth $71,920,000 after acquiring an additional 397,611 shares during the last quarter. Royal Bank of Canada lifted its position in Banc of California by 991.4% during the second quarter. Royal Bank of Canada now owns 432,541 shares of the bank’s stock worth $9,301,000 after acquiring an additional 392,911 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Banc of California by 35.0% during the third quarter. Victory Capital Management Inc. now owns 1,505,510 shares of the bank’s stock worth $31,240,000 after acquiring an additional 389,914 shares during the last quarter.
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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