Banc of California Inc [BANC] stock prices are up 1.72% to $14.20 at the moment. 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 9.74% over the last week, with a monthly amount drifted -10.52%, 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 February 07, 2025, when JP Morgan initiated its Neutral rating and assigned the stock a price target of $18. Previously, Wells Fargo upgraded its rating to Overweight on January 06, 2025, and elevated its price target to $20. On October 31, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $18 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $15 on October 10, 2024. Wedbush upgraded its rating to a Outperform and raised its price target to $18 on September 24, 2024. Raymond James upgraded its rating to Outperform for this stock on September 17, 2024, but kept the price target unchanged to $16. In a note dated March 22, 2024, Keefe Bruyette upgraded an Outperform rating on this stock and boosted its target price from $16 to $18.
The stock price of Banc of California Inc [BANC] has been fluctuating between $11.88 and $18.08 over the past year. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Banc of California Inc [NYSE: BANC] shares were valued at $14.20 at the most recent close of the market. An investor can expect a potential return of 19.72% based on the average BANC price forecast.
Analyzing the BANC fundamentals
The Banc of California Inc [NYSE:BANC] reported sales of 1.89B for trailing twelve months, representing a surge of 578.01%. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.04 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 0.67.
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 13.99 points at the first support level, and at 13.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.42, and for the 2nd resistance point, it is at 14.64.
Ratios To Look Out For
It’s worth pointing out that Banc of California Inc [NYSE:BANC]’s Current Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.27, the price to book ratio is 0.80 and price to earnings (TTM) ratio is 27.46.
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.
