At the time of writing, Banc of California Inc [BANC] stock is trading at $16.62, down -0.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The BANC shares have gain 8.91% over the last week, with a monthly amount glided 12.37%, 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 October 31, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $18 from $17. Previously, Citigroup started tracking the stock with Neutral rating on October 10, 2024, and set its price target to $15. On September 24, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $18 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $16 on September 17, 2024. Keefe Bruyette upgraded its rating to a Outperform and raised its price target to $18 on March 22, 2024. Barclays started tracking with a Equal Weight rating for this stock on March 08, 2024, and assigned it a price target of $16. In a note dated December 04, 2023, Truist initiated an Hold rating and provided a target price of $14 on this stock.
For the past year, the stock price of Banc of California Inc fluctuated between $11.10 and $16.92. Currently, Wall Street analysts expect the stock to reach $16.83 within the next 12 months. Banc of California Inc [NYSE: BANC] shares were valued at $16.62 at the most recent close of the market. An investor can expect a potential return of 1.26% based on the average BANC price forecast.
Analyzing the BANC fundamentals
According to Banc of California Inc [NYSE:BANC], the company’s sales were 1.50B for trailing twelve months, which represents an 257.21% jump. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.37%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.12 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.72.
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 16.43 points at the first support level, and at 16.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.82, and for the 2nd resistance point, it is at 17.01.
Ratios To Look Out For
It is important to note that Banc of California Inc [NYSE:BANC] has a current ratio of 0.16. Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 0.93.
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.
