Banc of CaliforniaBANC
BANC
About: Banc of California Inc is a financial holding company. It offers banking and financial services. The company's 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: 2,304
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
56% more call options, than puts
Call options by funds: $34.5M | Put options by funds: $22.2M
30% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 27
11% more capital invested
Capital invested by funds: $2.05B [Q2] → $2.27B (+$224M) [Q3]
2% more funds holding
Funds holding: 261 [Q2] → 267 (+6) [Q3]
4.02% less ownership
Funds ownership: 101.32% [Q2] → 97.31% (-4.02%) [Q3]
9% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 10 (-1) [Q3]
21% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 99
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$17
6%
upside
Avg. target
$18.80
17%
upside
High target
$20
24%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Stephens & Co. Andrew Terrell 80% 1-year accuracy 24 / 30 met price target | 6%upside $17 | Equal-Weight Maintained | 27 Jan 2025 |
Raymond James David Feaster 52% 1-year accuracy 11 / 21 met price target | 12%upside $18 | Outperform Maintained | 24 Jan 2025 |
Barclays Jared Shaw 64% 1-year accuracy 45 / 70 met price target | 18%upside $19 | Overweight Maintained | 24 Jan 2025 |
Wells Fargo Timur Braziler 55% 1-year accuracy 17 / 31 met price target | 24%upside $20 | Overweight Upgraded | 6 Jan 2025 |
Keefe, Bruyette & Woods Christopher Mcgratty 83% 1-year accuracy 15 / 18 met price target | 24%upside $20 | Outperform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 8 articles about BANC published over the past 30 days
Neutral
Seeking Alpha
1 week ago
Banc of California, Inc. (BANC) Q4 2024 Earnings Call Transcript
Banc of California, Inc. (NYSE:BANC ) Q4 2024 Earnings Conference Call January 23, 2025 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President & CEO Joe Kauder - CFO Conference Call Participants Timur Braziler - Wells Fargo Chris McGratty - KBW Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Andrew Terrell - Stephens David Feaster - Raymond James Jared Shaw - Barclays Capital Operator Good day, and welcome to the Banc of California Fourth Quarter 2024 Earnings Conference Call.
Positive
Zacks Investment Research
1 week ago
Here's What Key Metrics Tell Us About Banc of California (BANC) Q4 Earnings
Although the revenue and EPS for Banc of California (BANC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 week ago
Banc of California (BANC) Tops Q4 Earnings Estimates
Banc of California (BANC) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to loss of $0.46 per share a year ago.
Neutral
Business Wire
1 week ago
Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.28, Reflecting Strong Year-Over-Year Net Interest Margin Expansion and Lower Noninterest Expenses
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $0.28 Earnings Per Share $17.78 Book Value Per Share $15.72 Tangible Book Value Per Share(1) 10.55% CET1 Ratio 29.1% Average Noninterest- Bearing Deposits to Average Total Deposits Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the fourth quarter and year ended December 31, 2024.
Positive
Zacks Investment Research
2 weeks ago
Seeking Clues to Banc of California (BANC) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Banc of California (BANC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Positive
Zacks Investment Research
2 weeks ago
Banc of California (BANC) Upgraded to Buy: What Does It Mean for the Stock?
Banc of California (BANC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
2 weeks ago
Banc of California (BANC) Reports Next Week: Wall Street Expects Earnings Growth
Banc of California (BANC) doesn't possess 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
3 weeks ago
Banc of California Creates Charitable Fund and Commits $1 Million to Support Southern California Communities Affected by Wildfires
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.
Positive
Seeking Alpha
1 month ago
Banc of California: The Rescue Plan Continues
Banc of California's turnaround, presents a contrarian investment opportunity with a 32% return so far. The bank's repositioning of its balance sheet and reduced Federal Reserve loan dependence show promising progress. Trust in banking is crucial.
Neutral
Business Wire
1 month ago
Banc of California Announces Schedule of Fourth Quarter 2024 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, January 23, 2025. The Company will host a conference call to discuss these financial results at 10:00 a.m. Pacific Time (PT) on the same day. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 4964279. A link to the live audio.
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