Banc of California Inc [BANC] stock is trading at $13.81, down -0.07%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BANC shares have lost -2.81% over the last week, with a monthly amount drifted -2.26%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Banc of California Inc [NYSE: BANC] stock has seen the most recent analyst activity on March 22, 2024, when Keefe Bruyette upgraded its rating to a Outperform and also boosted its price target to $18 from $16. Previously, Barclays started tracking the stock with Equal Weight rating on March 08, 2024, and set its price target to $16. On December 04, 2023, Truist initiated with a Hold rating and assigned a price target of $14 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $13.50 on October 04, 2023. Keefe Bruyette downgraded its rating to a Mkt Perform but $16 remained the price target by the analyst firm on July 31, 2023. Raymond James downgraded its rating to Mkt Perform for this stock on April 06, 2022. In a note dated July 23, 2021, Raymond James upgraded an Outperform rating on this stock but restated the target price of $20.
Banc of California Inc [BANC] stock has fluctuated between $9.72 and $16.08 over the past year. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Banc of California Inc [NYSE: BANC] shares were valued at $13.81 at the most recent close of the market. An investor can expect a potential return of 59.3% based on the average BANC price forecast.
Analyzing the BANC fundamentals
Banc of California Inc [NYSE:BANC] reported sales of 424.59M for the trailing twelve months, which represents a drop of -34.91%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at -1.49%, and Net Profit Margin reading is -1.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.26 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.72 points at the first support level, and at 13.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.97, and for the 2nd resistance point, it is at 14.12.
Ratios To Look Out For
For context, Banc of California Inc’s Current Ratio is 0.20. Considering the valuation of this stock, the price to sales ratio is 5.47, the price to book ratio is 0.80.
Transactions by insiders
Recent insider trading involved LASHLEY RICHARD J, Director, that happened on Mar 14 ’24 when 7500.0 shares were purchased. Director, LASHLEY RICHARD J completed a deal on Mar 01 ’24 to buy 15000.0 shares. Meanwhile, Director LASHLEY RICHARD J bought 10000.0 shares on Feb 29 ’24.
