A share price of Banc of California Inc [BANC] is currently trading at $14.53, down -0.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BANC shares have gain 7.47% over the last week, with a monthly amount glided 4.83%, and 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 experienced fluctuations in its stock price throughout the past year between $9.96 and $16.08. Currently, Wall Street analysts expect the stock to reach $16.25 within the next 12 months. Banc of California Inc [NYSE: BANC] shares were valued at $14.53 at the most recent close of the market. An investor can expect a potential return of 11.84% based on the average BANC price forecast.
Analyzing the BANC fundamentals
Trailing Twelve Months sales for Banc of California Inc [NYSE:BANC] were 822.30M which represents 346.44% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.41%, Pretax Profit Margin comes in at -0.69%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.18 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.36.
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 14.40 points at the first support level, and at 14.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.69, and for the 2nd resistance point, it is at 14.85.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Banc of California Inc [NYSE:BANC] is 0.18. Considering the valuation of this stock, the price to sales ratio is 2.98, the price to book ratio is 0.84.
Transactions by insiders
Recent insider trading involved WOLFF JARED M, PRESIDENT AND CEO, that happened on Apr 25 ’24 when 7130.0 shares were purchased. Director, LASHLEY RICHARD J completed a deal on Mar 14 ’24 to buy 7500.0 shares. Meanwhile, Director LASHLEY RICHARD J bought 15000.0 shares on Mar 01 ’24.
