Research Analysts Offer Predictions for BANC FY2025 Earnings

Banc of California, Inc. (NYSE:BANC) – Equities researchers at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for shares of Banc of California in a note issued to investors on Monday, September 29th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $1.17 per share for the year, down from their previous estimate of $1.18. The consensus estimate for Banc of California’s current full-year earnings is $1.31 per share. DA Davidson also issued estimates for Banc of California’s FY2026 earnings at $1.65 EPS.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Banc of California from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Wells Fargo & Company boosted their target price on Banc of California from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays boosted their target price on Banc of California from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Banc of California in a research note on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.64.

Banc of California Price Performance

BANC stock opened at $16.63 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.46 billion, a PE ratio of 25.58 and a beta of 0.71. Banc of California has a 12-month low of $11.52 and a 12-month high of $18.08. The business’s fifty day moving average price is $15.92 and its 200 day moving average price is $14.58.

Banc of California (NYSE:BANC) last posted its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The firm had revenue of $272.85 million for the quarter, compared to the consensus estimate of $278.43 million. Banc of California had a return on equity of 7.37% and a net margin of 8.30%.The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS.

Institutional Trading of Banc of California

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Banc of California by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 686,067 shares of the bank’s stock valued at $9,735,000 after purchasing an additional 17,990 shares during the last quarter. Centerbridge Partners L.P. raised its stake in Banc of California by 18.7% during the 1st quarter. Centerbridge Partners L.P. now owns 4,771,784 shares of the bank’s stock valued at $67,712,000 after acquiring an additional 752,239 shares during the last quarter. Hsbc Holdings PLC raised its stake in Banc of California by 111.4% during the 1st quarter. Hsbc Holdings PLC now owns 177,344 shares of the bank’s stock valued at $2,503,000 after acquiring an additional 93,454 shares during the last quarter. GAMMA Investing LLC raised its stake in Banc of California by 1,287.1% during the 1st quarter. GAMMA Investing LLC now owns 48,799 shares of the bank’s stock valued at $692,000 after acquiring an additional 45,281 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Banc of California by 33.4% during the 4th quarter. Two Sigma Investments LP now owns 132,004 shares of the bank’s stock valued at $2,041,000 after acquiring an additional 33,017 shares during the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Banc of California

In other news, insider Hamid Hussain sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $16.59, for a total value of $331,800.00. Following the completion of the sale, the insider directly owned 66,444 shares of the company’s stock, valued at approximately $1,102,305.96. The trade was a 23.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.69% of the company’s stock.

Banc of California Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Banc of California’s payout ratio is presently 61.54%.

About Banc of California

Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes.