Banc of California, Inc. (BANC)

NYSE: BANC · IEX Real-Time Price · USD
16.20
-0.59 (-3.51%)
Dec 5, 2022 3:50 PM EST - Market open
-3.51%
Market Cap 1.01B
Revenue (ttm) 351.10M
Net Income (ttm) 98.28M
Shares Out 59.98M
EPS (ttm) 1.57
PE Ratio 10.32
Forward PE 8.88
Dividend $0.24 (1.48%)
Ex-Dividend Date Dec 14, 2022
Volume 151,390
Open 16.65
Previous Close 16.79
Day's Range 16.13 - 16.86
52-Week Range 15.48 - 22.01
Beta 1.26
Analysts Buy
Price Target 21.08 (+30.1%)
Earnings Date Jan 23, 2023

About BANC

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest-bearing and noninterest-bearing demand accounts, as well as certificate of deposits. It also provides various commercial and consumer loan products, such as commercial and industrial loans; commercial real estate and multifamily loans; construction loans; single family re... [Read more]

Industry Banks
Founded 1941
CEO Jared Wolff
Employees 684
Stock Exchange NYSE
Ticker Symbol BANC
Full Company Profile

Financial Performance

In 2021, BANC's revenue was $265.85 million, an increase of 24.58% compared to the previous year's $213.39 million. Earnings were $62.35 million, an increase of 395.83%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for BANC stock is "Buy." The 12-month stock price forecast is 21.08, which is an increase of 30.12% from the latest price.

Price Target
$21.08
(30.12% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Banc of California Names Raymond Rindone Chief Accounting Officer and Deputy Chief Financial Officer

SANTA ANA, Calif.--( BUSINESS WIRE )--Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the appointment of Raymond Rin...

2 weeks ago - Business Wire

Banc of California Announces Quarterly Dividend

SANTA ANA, Calif.

1 month ago - Business Wire

Banc of California (BANC) Lags Q3 Earnings and Revenue Estimates

Banc of California (BANC) delivered earnings and revenue surprises of -10.20% and 4.11%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Banc of California (BANC) Reports Next Week: Wall Street Expects Earnings Growth

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.

1 month ago - Zacks Investment Research

Egide: Banc of California agrees to extend to December 31, 2022

Bollène (France), October 07, 2022 – 07 :00 am (CET)Press Release For Immediate release

1 month ago - GlobeNewsWire

Banc of California Announces Schedule of Third Quarter 2022 Earnings Release and Conference Call

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced it will release 2022 third quarter financial results on Thursday, October 20, 2022. The Company will host a conf...

2 months ago - Business Wire

Banc of California Gets Into Merchant Acquiring With Global Payroll Gateway Buy

Banc of California has bought the payments platform and tech of Global Payroll Gateway and its subsidiary Deepstack, giving it a one-stop shop solution for payments for merchants to get funds faster and...

2 months ago - PYMNTS

Banc of California Enters Payment Processing Business with Acquisition of Deepstack Technologies

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”), the parent holding company of Banc of California, N.A. (the “Bank”), today announced that the Bank has acquired...

2 months ago - Business Wire

Can Banc of California (BANC) Climb 26% to Reach the Level Wall Street Analysts Expect?

The mean of analysts' price targets for Banc of California (BANC) points to a 25.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among...

3 months ago - Zacks Investment Research

Wall Street Analysts See a 34% Upside in Banc of California (BANC): Can the Stock Really Move This High?

The mean of analysts' price targets for Banc of California (BANC) points to a 33.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among...

4 months ago - Zacks Investment Research

Banc of California (BANC) Q2 Earnings and Revenues Top Estimates

Banc of California (BANC) delivered earnings and revenue surprises of 2.27% and 0.49%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Banc of California Reports Strong Profitability, $1.2 Billion in Loan Fundings, and Net Interest Margin Expansion for...

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net income and net income available to common stockholders of $26.7 million, or $0.43 per diluted common share, f...

4 months ago - Business Wire

7 Best Small-Cap Growth Stocks to Buy Now

Diversity is an important part of investing, so consider these small-cap growth stocks to round out your portfolio. The post 7 Best Small-Cap Growth Stocks to Buy Now appeared first on InvestorPlace.

4 months ago - InvestorPlace

7 Bank Stocks to Buy on the Dip

As trends for banking are favorable, given the rising interest rate environment, consider these seven bank stocks to buy on the dip. The post 7 Bank Stocks to Buy on the Dip appeared first on InvestorPl...

4 months ago - InvestorPlace

How Much Upside is Left in Banc of California (BANC)? Wall Street Analysts Think 27%

The average of price targets set by Wall Street analysts indicates a potential upside of 27.1% in Banc of California (BANC). While the effectiveness of this highly sought-after metric is questionable, t...

4 months ago - Zacks Investment Research

Banc of California Names Jagdeep Singh Sahota Chief Payments Officer

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary, Banc of California, N.A., California's leading relationship-focused business b...

4 months ago - Business Wire

Banc of California Announces Schedule of Second Quarter 2022 Earnings Release and Conference Call

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced it will release 2022 second quarter financial results on Thursday, July 21, 2022. The Company will host a confer...

5 months ago - Business Wire

Banc of California (BANC) Upgraded to Buy: Here's What You Should Know

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.

5 months ago - Zacks Investment Research

Banc of California (BANC) Surpasses Q1 Earnings and Revenue Estimates

Banc of California (BANC) delivered earnings and revenue surprises of 63.04% and 3.76%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Banc of California Reports $0.69 EPS for First Quarter 2022

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net income of $48.5 million and net income available to common stockholders of $43.3 million, or $0.69 per dilute...

7 months ago - Business Wire

Banc of California (BANC) Moves to Strong Buy: Rationale Behind the Upgrade

Banc of California (BANC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

7 months ago - Zacks Investment Research

Raymond James tweaks ratings on Cullen/Frost Bankers, Banc of California, PCB Bancorp, United Community Banks

Raymond James on Wednesday downgraded three bank stocks and upgraded one ahead of the first-quarter earnings season. Bright spots for banks include improving loan growth, potential expansion in net inte...

Other symbols: CFRUCBI
7 months ago - Market Watch

Banc of California Announces Schedule of First Quarter 2022 Earnings Release and Conference Call

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced it will release 2022 first quarter financial results on Thursday, April 21, 2022. The Company will host a confer...

8 months ago - Business Wire

Banc of California Announces $75 Million Stock Repurchase Program

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company parent of Banc of California, N.A., today announced that its Board of Directors has authori...

8 months ago - Business Wire