At the time of writing, Banc of California Inc [BANC] stock is trading at $12.89, down -2.42%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BANC shares have gain 4.88% over the last week, with a monthly amount drifted -8.52%, 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.
For the past year, the stock price of Banc of California Inc fluctuated between $11.52 and $18.08. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. Banc of California Inc [NYSE: BANC] shares were valued at $12.89 at the most recent close of the market. An investor can expect a potential return of 35.76% based on the average BANC price forecast.
Analyzing the BANC fundamentals
According to Banc of California Inc [NYSE:BANC], the company’s sales were 1.89B for trailing twelve months, which represents an 578.01% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
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 12.73 points at the first support level, and at 12.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.12, and for the 2nd resistance point, it is at 13.34.
Ratios To Look Out For
It is important to note that Banc of California Inc [NYSE:BANC] has a current ratio of 0.11. Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 0.72 and price to earnings (TTM) ratio is 24.93.
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.
