Banc of California Inc [BANC] stock is trading at $14.84, down -1.40%. 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 gain 4.21% over the last week, with a monthly amount glided 6.53%, 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 September 17, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $16 for it. Previously, Keefe Bruyette upgraded its rating to Outperform on March 22, 2024, and elevated its price target to $18. On March 08, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $16 on the stock. Truist started tracking the stock assigning a Hold rating and suggested a price target of $14 on December 04, 2023. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $13.50 on October 04, 2023. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on July 31, 2023, but kept the price target unchanged to $16. In a note dated April 06, 2022, Raymond James downgraded an Mkt Perform rating on this stock.
Banc of California Inc [BANC] stock has fluctuated between $9.96 and $15.54 over the past year. Currently, Wall Street analysts expect the stock to reach $15.63 within the next 12 months. Banc of California Inc [NYSE: BANC] shares were valued at $14.84 at the most recent close of the market. An investor can expect a potential return of 5.32% based on the average BANC price forecast.
Analyzing the BANC fundamentals
Banc of California Inc [NYSE:BANC] reported sales of 1.19B for the trailing twelve months, which represents a growth of 303.05%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at -0.29%, Pretax Profit Margin comes in at -0.43%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.14 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 0.86.
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 14.69 points at the first support level, and at 14.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.09, and for the 2nd resistance point, it is at 15.34.
Ratios To Look Out For
For context, Banc of California Inc’s Current Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 2.10, the price to book ratio is 0.86.
Transactions by insiders
Recent insider trading involved LASHLEY RICHARD J, Director, that happened on Sep 05 ’24 when 0.12 million shares were sold. Director, LASHLEY RICHARD J completed a deal on Sep 04 ’24 to sell 75000.0 shares. Meanwhile, PRESIDENT AND CEO WOLFF JARED M bought 7130.0 shares on Apr 25 ’24.
