Banc of California Inc (NYSE: BANC) has seen a rise in its stock price by 6.34 in relation to its previous close of 14.82. However, the company has experienced a -0.38% decline in its stock price over the last five trading sessions. businesswire.com reported 2025-01-14 that LOS ANGELES–(BUSINESS WIRE)– #LosAngeles–Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced it has launched the Banc of California Wildfire Relief & Recovery Fund, which will support ongoing relief and rebuilding efforts for Southern California communities devastated by the wildfires in the Los Angeles area. This charitable fund will be seeded with a $1 million donation from Banc of California and represents the bank’s commitment to supporting its communi.
Is It Worth Investing in Banc of California Inc (NYSE: BANC) Right Now?
The 36-month beta value for BANC is also noteworthy at 1.15. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for BANC is 138.09M, and at present, short sellers hold a 7.13% of that float. The average trading volume of BANC on January 15, 2025 was 2.17M shares.
BANC’s Market Performance
BANC’s stock has seen a -0.38% decrease for the week, with a -7.24% drop in the past month and a 8.76% gain in the past quarter. The volatility ratio for the week is 3.59%, and the volatility levels for the past 30 days are at 3.42% for Banc of California Inc The simple moving average for the past 20 days is 0.84% for BANC’s stock, with a 8.42% simple moving average for the past 200 days.
Analysts’ Opinion of BANC
Many brokerage firms have already submitted their reports for BANC stocks, with Wells Fargo repeating the rating for BANC by listing it as a “Overweight.” The predicted price for BANC in the upcoming period, according to Wells Fargo is $20 based on the research report published on January 06, 2025 of the current year 2025.
Barclays, on the other hand, stated in their research note that they expect to see BANC reach a price target of $18, previously predicting the price at $17. The rating they have provided for BANC stocks is “Overweight” according to the report published on October 31st, 2024.
Citigroup gave a rating of “Neutral” to BANC, setting the target price at $15 in the report published on October 10th of the previous year.
BANC Trading at -2.53% 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 -12.82% of loss for the given period.
Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 3.59%, as shares sank -5.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.22% upper at present.
During the last 5 trading sessions, BANC fell by -0.38%, which changed the moving average for the period of 200-days by +3.89% in comparison to the 20-day moving average, which settled at $15.63. In addition, Banc of California Inc saw 1.94% 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 sale 125,000 shares at the price of $14.20 back on Sep 05 ’24. After this action, LASHLEY RICHARD J now owns 668,939 shares of Banc of California Inc, valued at $1,774,625 using the latest closing price.
LASHLEY RICHARD J, the Director of Banc of California Inc, sale 75,000 shares at $14.00 during a trade that took place back on Sep 04 ’24, which means that LASHLEY RICHARD J is holding 719,826 shares at $1,050,300 based on the most recent closing price.
Stock Fundamentals for BANC
Current profitability levels for the company are sitting at:
- -0.21 for the present operating margin
- 0.99 for the gross margin
The net margin for Banc of California Inc stands at -0.32. The total capital return value is set at -0.01. Equity return is now at value -18.36, with -1.94 for asset returns.
Based on Banc of California Inc (BANC), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is -0.34.
When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 8.27for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
Conclusion
In summary, Banc of California Inc (BANC) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
