Banc of CaliforniaBANC
BANC
About: Banc of California Inc is a financial holding company. It offers banking and financial services. Its services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California's diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate. The company has one reportable segment named Commercial banking.
Employees: 1,903
0
Funds holding %
of 7,407 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
370% more call options, than puts
Call options by funds: $25.9M | Put options by funds: $5.52M
47% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 36
34% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 77
6% more capital invested
Capital invested by funds: $2.24B [Q3] → $2.38B (+$142M) [Q4]
5% more funds holding
Funds holding: 268 [Q3] → 282 (+14) [Q4]
1.25% more ownership
Funds ownership: 96.07% [Q3] → 97.33% (+1.25%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 10 [Q3] → 10 (+0) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$16
21%
upside
Avg. target
$17.40
32%
upside
High target
$18
36%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Wells Fargo Timur Braziler 45% 1-year accuracy 17 / 38 met price target | 21%upside $16 | Overweight Maintained | 9 Apr 2025 |
Barclays Jared Shaw 42% 1-year accuracy 33 / 79 met price target | 36%upside $18 | Overweight Maintained | 8 Apr 2025 |
JP Morgan Anthony Elian 41% 1-year accuracy 7 / 17 met price target | 36%upside $18 | Neutral Initiated | 7 Feb 2025 |
Stephens & Co. Andrew Terrell 13% 1-year accuracy 4 / 31 met price target | 29%upside $17 | Equal-Weight Maintained | 27 Jan 2025 |
Raymond James David Feaster 17% 1-year accuracy 4 / 23 met price target | 36%upside $18 | Outperform Maintained | 24 Jan 2025 |
Financial journalist opinion
Based on 7 articles about BANC published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Banc of California (BANC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Banc of California (BANC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
1 week ago
Banc of California Celebrates 50 Years of Racing Excellence With 2025 Acura Grand Prix of Long Beach
LOS ANGELES & LONG BEACH, Calif.--(BUSINESS WIRE)-- #AutoRacing--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), is proud to announce its continued sponsorship of the 2025 Acura Grand Prix of Long Beach. The weekend-long event kicks off April 11 and runs through April 13. This is the 50th anniversary of the iconic race, which is a remarkable celebration of speed, precision and Southern California's motorsport culture. Banc of California has served as the official bank.
Positive
Zacks Investment Research
1 week ago
Banc of California (BANC) Surges 8.0%: Is This an Indication of Further Gains?
Banc of California (BANC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Positive
Zacks Investment Research
1 week ago
Why Banc of California (BANC) is Poised to Beat Earnings Estimates Again
Banc of California (BANC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Neutral
PRNewsWire
1 week ago
Los Angeles Parks Foundation Awarded Substantial $1 Million Donation from the FireAid Grants Advisory Committee
Funds Allocated for the Restoration of the Playground at Palisades Park Affected by the Fires LOS ANGELES , April 9, 2025 /PRNewswire/ -- The LA Parks Foundation, which works to support the Los Angeles City Department of Recreation and Parks, is pleased to announce a $1 million donation from FireAid to restore the Pacific Palisades Playground, damaged in the Southern California wildfires in January. The LA Parks foundation, which will oversee the entire project, has also secured a $300,000 in-kind contribution from GameTime—the company stepping up to supply all the equipment for the project—along with an additional donation from Banc of California's Wildfire Relief & Recovery Fund, bringing support for the playground to more than $1.3 million.
Neutral
Business Wire
1 week ago
Banc of California Announces Schedule of First Quarter 2025 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2025 first quarter financial results after market close on Wednesday, April 23, 2025. The Company will host a conference call to discuss its first quarter results the following day on Thursday, April 24, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 8785621. A link to the live.
Positive
Seeking Alpha
1 month ago
Banc of California: Improving Funding Mix Makes 2025 Promising
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.
Neutral
Business Wire
1 month ago
Banc of California Announces $150 Million Stock Repurchase Program
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC), the parent company of wholly owned subsidiary Banc of California, today announced that its Board of Directors has authorized the repurchase of up to $150 million of the company's common stock. The repurchase authorization expires in March 2026. Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by the company's man.
Neutral
Business Wire
1 month ago
Banc of California Welcomes Karen Hon as Chief Accounting Officer
LOS ANGELES--(BUSINESS WIRE)-- #Accounting--Banc of California Welcomes Karen Hon as Chief Accounting Officer.
Neutral
Business Wire
1 month ago
Banc of California, Inc. to Participate in the Raymond James & Associates' 46th Annual Institutional Investors Conference
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that Jared Wolff, President and Chief Executive Officer, will meet with investors at the Raymond James & Associates' 46th Annual Institutional Investors Conference in Orlando, Florida, on March 3, 2025. In addition to meeting with investors, Mr. Wolff will participate in a fireside chat on March 3, 2025, at 1:40 p.m. Eastern Time. The live audio webcast and replay of the fireside chat will be.
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