In the past week, BANC stock has gone down by -4.11%, with a monthly gain of 6.83% and a quarterly plunge of -2.93%. The volatility ratio for the week is 2.30%, and the volatility levels for the last 30 days are 2.84% for Banc of California Inc The simple moving average for the past 20 days is -1.70% for BANC’s stock, with a 7.57% simple moving average for the past 200 days.
Is It Worth Investing in Banc of California Inc (NYSE: BANC) Right Now?
The price-to-earnings ratio for Banc of California Inc (NYSE: BANC) is above average at 30.62x. The 36-month beta value for BANC is also noteworthy at 1.19. 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 138.01M, and at present, short sellers hold a 7.97% of that float. The average trading volume of BANC on February 12, 2025 was 1.88M shares.
BANC) stock’s latest price update
Banc of California Inc (NYSE: BANC) has seen a decline in its stock price by -3.87 in relation to its previous close of 16.47. However, the company has experienced a -4.11% decline in its stock price over the last five trading sessions. businesswire.com reported 2025-02-07 that LOS ANGELES–(BUSINESS WIRE)–Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable April 1, 2025, to stockholders of record as of March 14, 2025. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend will be.
Analysts’ Opinion of BANC
Many brokerage firms have already submitted their reports for BANC stocks, with JP Morgan repeating the rating for BANC by listing it as a “Neutral.” The predicted price for BANC in the upcoming period, according to JP Morgan is $18 based on the research report published on February 07, 2025 of the current year 2025.
Wells Fargo, on the other hand, stated in their research note that they expect to see BANC reach a price target of $20, previously predicting the price at $17. The rating they have provided for BANC stocks is “Overweight” according to the report published on January 06th, 2025.
Barclays gave a rating of “Overweight” to BANC, setting the target price at $18 in the report published on October 31st of the previous year.
BANC Trading at -1.58% 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 -12.42% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares surge +0.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.29% lower at present.
During the last 5 trading sessions, BANC fell by -3.91%, which changed the moving average for the period of 200-days by +12.52% in comparison to the 20-day moving average, which settled at $16.11. In addition, Banc of California Inc saw 2.41% 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:
- 0.34 for the present operating margin
- 0.99 for the gross margin
The net margin for Banc of California Inc stands at 0.08. The total capital return value is set at 0.02. Equity return is now at value 3.68, with 0.35 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 1.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
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.
