Banc of California Inc (BANC) Stock: Analyzing the Market Value

The 36-month beta value for BANC is at 1.16. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”

The public float for BANC is 139.11M, and currently, shorts hold a 8.12% of that float. The average trading volume for BANC on April 03, 2024 was 2.56M shares.

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BANC) stock’s latest price update

Banc of California Inc (NYSE: BANC) has experienced a decline in its stock price by -1.37 compared to its previous closing price of 14.58. However, the company has seen a fall of -2.11% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-28 that Banc of California offers an attractive 3% dividend yield and is selling at a 23% discount to its long-term average P/B ratio. BANC has a well-performing core loan portfolio with a strong asset quality profile. The reduction of high-cost short-term borrowings is a NIM catalyst for the bank in FY 2024.

BANC’s Market Performance

BANC’s stock has fallen by -2.11% in the past week, with a monthly drop of 0.00% and a quarterly rise of 7.07%. The volatility ratio for the week is 3.40% while the volatility levels for the last 30 days are 3.31% for Banc of California Inc. The simple moving average for the past 20 days is -2.16% for BANC’s stock, with a 11.19% simple moving average for the past 200 days.

Analysts’ Opinion of BANC

Many brokerage firms have already submitted their reports for BANC stocks, with Keefe Bruyette repeating the rating for BANC by listing it as a “Outperform.” The predicted price for BANC in the upcoming period, according to Keefe Bruyette is $18 based on the research report published on March 22, 2024 of the current year 2024.

Barclays, on the other hand, stated in their research note that they expect to see BANC reach a price target of $16. The rating they have provided for BANC stocks is “Equal Weight” according to the report published on March 08th, 2024.

Truist gave a rating of “Hold” to BANC, setting the target price at $14 in the report published on December 04th of the previous year.

BANC Trading at 1.31% from the 50-Day Moving Average

After a stumble in the market that brought BANC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.57% of loss for the given period.

Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares sank -1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.86% upper at present.

During the last 5 trading sessions, BANC fell by -2.11%, which changed the moving average for the period of 200-days by +17.77% in comparison to the 20-day moving average, which settled at $14.68. In addition, Banc of California Inc saw 7.07% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BANC starting from LASHLEY RICHARD J, who purchase 7,500 shares at the price of $14.47 back on Mar 14 ’24. After this action, LASHLEY RICHARD J now owns 2,485,643 shares of Banc of California Inc, valued at $108,562 using the latest closing price.

LASHLEY RICHARD J, the Director of Banc of California Inc, purchase 15,000 shares at $14.44 during a trade that took place back on Mar 01 ’24, which means that LASHLEY RICHARD J is holding 2,478,143 shares at $216,669 based on the most recent closing price.

Stock Fundamentals for BANC

Current profitability levels for the company are sitting at:

  • 0.39 for the present operating margin
  • 1.0 for the gross margin

The net margin for Banc of California Inc stands at -1.09. The total capital return value is set at 0.01. Equity return is now at value -18.49, with -1.68 for asset returns.

Based on Banc of California Inc (BANC), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 1.15. The interest coverage ratio of the stock is 0.61.

Currently, EBITDA for the company is 45.66 million with net debt to EBITDA at -8.68. When we switch over and look at the enterprise to sales, we see a ratio of 2.84. The receivables turnover for the company is 2.14for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.20.

Conclusion

In conclusion, Banc of California Inc (BANC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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