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 7,372 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
370% more call options, than puts
Call options by funds: $25.9M | Put options by funds: $5.52M
42% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 36
34% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 77
5% more capital invested
Capital invested by funds: $2.27B [Q3] → $2.38B (+$114M) [Q4]
4% more funds holding
Funds holding: 268 [Q3] → 280 (+12) [Q4]
0.04% more ownership
Funds ownership: 97.3% [Q3] → 97.34% (+0.04%) [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
$17
22%
upside
Avg. target
$18.40
32%
upside
High target
$20
43%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
JP Morgan Anthony Elian 35% 1-year accuracy 6 / 17 met price target | 29%upside $18 | Neutral Initiated | 7 Feb 2025 |
Stephens & Co. Andrew Terrell 32% 1-year accuracy 10 / 31 met price target | 22%upside $17 | Equal-Weight Maintained | 27 Jan 2025 |
Raymond James David Feaster 24% 1-year accuracy 5 / 21 met price target | 29%upside $18 | Outperform Maintained | 24 Jan 2025 |
Barclays Jared Shaw 41% 1-year accuracy 25 / 61 met price target | 36%upside $19 | Overweight Maintained | 24 Jan 2025 |
Wells Fargo Timur Braziler 44% 1-year accuracy 14 / 32 met price target | 43%upside $20 | Overweight Upgraded | 6 Jan 2025 |
Financial journalist opinion
Neutral
Business Wire
1 week 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
2 weeks 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.
Neutral
Business Wire
1 month ago
Banc of California, Inc. Announces Quarterly Dividends
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.
Neutral
Seeking Alpha
1 month 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 month 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 month 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 month 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
1 month 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
1 month 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
1 month 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.
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