A share price of Banc of California Inc [BANC] is currently trading at $16.07, up 1.97%. 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 2.42% over the last week, with a monthly amount drifted -4.00%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Banc of California Inc [NYSE: BANC] stock has seen the most recent analyst activity on January 06, 2025, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $20 from $17. Previously, Barclays upgraded its rating to Overweight on October 31, 2024, and elevated its price target to $18. On October 10, 2024, Citigroup initiated with a Neutral rating and assigned a price target of $15 on the stock. Wedbush upgraded its rating to a Outperform and increased its price target to $18 on September 24, 2024. Raymond James upgraded its rating to a Outperform but $16 remained the price target by the analyst firm on September 17, 2024. Keefe Bruyette upgraded its rating to Outperform for this stock on March 22, 2024, and upped its price target to $18. In a note dated March 08, 2024, Barclays initiated an Equal Weight rating and provided a target price of $16 on this stock.
Banc of California Inc experienced fluctuations in its stock price throughout the past year between $11.88 and $18.08. 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 $16.07 at the most recent close of the market. An investor can expect a potential return of 4.73% based on the average BANC price forecast.
Analyzing the BANC fundamentals
Trailing Twelve Months sales for Banc of California Inc [NYSE:BANC] were 1.50B which represents 257.21% growth. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at -0.21%, Pretax Profit Margin comes in at -0.44%, 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 -0.12 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.72.
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 15.80 points at the first support level, and at 15.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.43, and for the 2nd resistance point, it is at 16.80.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Banc of California Inc [NYSE:BANC] is 0.16. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 0.90.
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.
