The stock of Banc of California Inc (BANC) has seen a -2.62% decrease in the past week, with a -3.55% drop in the past month, and a -8.83% decrease in the past quarter. The volatility ratio for the week is 2.81%, and the volatility levels for the past 30 days are at 3.41% for BANC. The simple moving average for the past 20 days is 0.82% for BANC’s stock, with a -4.46% simple moving average for the past 200 days.
Is It Worth Investing in Banc of California Inc (NYSE: BANC) Right Now?
Banc of California Inc (NYSE: BANC) has a price-to-earnings ratio that is above its average at 27.34x. The stock has a 36-month beta value of 0.86. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for BANC is 138.96M, and at present, short sellers hold a 10.01% of that float. On April 02, 2025, the average trading volume of BANC was 2.19M shares.
BANC) stock’s latest price update
The stock of Banc of California Inc (NYSE: BANC) has decreased by -0.35 when compared to last closing price of 14.19. Despite this, the company has experienced a -2.62% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2025-03-20 that Banc of California stock remains a buy due to its TBV being below historical averages and potential for profitability expansion through reduced deposit costs. Despite dividend weaknesses, the bank shows potential for capital gains, with a fair value estimate suggesting a 24% upside. Improvements in the funding mix and high-quality assets are key growth drivers, though loan portfolio expansion remains a challenge.
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 -5.82% 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 -21.78% of loss for the given period.
Volatility was left at 3.41%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares sank -0.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.61% lower at present.
During the last 5 trading sessions, BANC fell by -2.62%, which changed the moving average for the period of 200-days by +4.51% in comparison to the 20-day moving average, which settled at $14.02. In addition, Banc of California Inc saw -8.54% in overturn over a single year, with a tendency to cut further losses.
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.
Based on Banc of California Inc (BANC), the company’s capital structure generated 0.4 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 0.67. The interest coverage ratio of the stock is 0.63.
When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
To sum up, Banc of California Inc (BANC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
