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Banc of California, Inc. (BANC)

NYSE: BANC · IEX Real-Time Price · USD
17.39 -0.46 (-2.58%)
Sep 20, 2021 9:37 AM EDT - Market open
Market Cap907.65M
Revenue (ttm)255.79M
Net Income (ttm)54.94M
Shares Out50.66M
EPS (ttm)1.10
PE Ratio15.78
Forward PE10.20
Dividend$0.24 (1.38%)
Ex-Dividend DateSep 14, 2021
Volume4,261
Open-
Previous Close17.85
Day's Range17.39 - 17.64
52-Week Range8.88 - 21.26
Beta1.81
AnalystsBuy
Price Target21.21 (+22.0%)
Est. Earnings DateOct 21, 2021

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...

IndustryBanks
Founded1941
CEOJared Wolff
Employees600
Stock ExchangeNYSE
Ticker SymbolBANC
Full Company Profile

Financial Performance

In 2020, BANC's revenue was $213.39 million, a decrease of -4.93% compared to the previous year's $224.45 million. Earnings were $12.57 million, a decrease of -47.08%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for BANC stock is "Buy." The 12-month stock price forecast is 21.21, which is an increase of 21.97% from the latest price.

Price Target
$21.21
(21.97% upside)
Analyst Consensus: Buy

News

How Banc of California (BANC) Stock Stands Out in a Strong Industry

Banc of California (BANC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

2 weeks ago - Zacks Investment Research

Banc of California Announces Quarterly Dividends

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common...

1 month ago - Business Wire

Banc of California Names Diana Hanson Senior Vice President and Chief Accounting 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 Diana Hanson ...

1 month ago - Business Wire

Steven A. Sugarman Speaks at 74th Annual NAREB Convention on Expanding Black Homeownership

CLEVELAND--(BUSINESS WIRE)-- #banking--Steven A. Sugarman Speaks at 74th Annual NAREB Convention on Expanding Black Homeownership

1 month ago - Business Wire

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

Banc of California (BANC) delivered earnings and revenue surprises of 14.29% and 0.29%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Banc of California: Q2 Earnings Insights

Shares of Banc of California (NYSE:BANC) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 172.73% over the past year to $0.32, which beat the estimate o...

1 month ago - Benzinga

Banc of California Reports Second Quarter 2021 Financial Results

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net income of $19.1 million and net income available to common stockholders for the second quarter of 2021 of $17...

1 month ago - Business Wire

Earnings Preview: Banc of California

Banc of California (NYSE:BANC) releases its next round of earnings this Thursday, July 22. Here is Benzinga's essential guide to Banc of California's Q2 earnings report.

1 month ago - Benzinga

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.

2 months ago - Zacks Investment Research

Banc of California Announces Schedule of Second Quarter 2021 Earnings Release and Conference Call

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced it will release 2021 second quarter financial results on Thursday, July 22, 2021. The Company will host a confer...

2 months ago - Business Wire

Banc of California Announces Quarterly Dividends

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common ...

4 months ago - Business Wire

PACIFIC MERCANTILE INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Ad...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Pacific Mercantile...

4 months ago - Business Wire

Banc of California (BANC) Q1 Earnings and Revenues Miss Estimates

Banc of California (BANC) delivered earnings and revenue surprises of -3.85% and -5.90%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Recap: Banc of California Q1 Earnings

Shares of Banc of California (NYSE:BANC) decreased 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 178.95% year over year to $0.15, which miss...

4 months ago - Benzinga

Banc of California Reports First Quarter 2021 Financial Results

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net income of $14.4 million and net income available to common stockholders for the first quarter of 2021 of $7.8...

4 months ago - Business Wire

Banc of California Names Alex Kweskin Executive Vice President and Chief Human Resources 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 Alex Kweskin ...

5 months ago - Business Wire

Banc of California (BANC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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.

5 months ago - Zacks Investment Research

Banc of California Announces Schedule of First Quarter 2021 Earnings Release and Conference Call

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced it will release 2021 first quarter financial results on Thursday, April 22, 2021. The Company will host a confer...

5 months ago - Business Wire

PACIFIC MERCANTILE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Ad...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Pacific Mercantile...

5 months ago - Business Wire

CME, GameStop, Intel, Verizon and More Wednesday Afternoon Analyst Calls

With the trading day more than halfway over, the broad markets were somewhat mixed on the day.

5 months ago - 24/7 Wall Street

SHAREHOLDER ALERT: WeissLaw LLP Investigates PACIFIC MERCANTILE BANCORP

NEW YORK, March 23, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Pacific Mercantile Bancorp ("Pacific M...

Other symbols:PMBC
5 months ago - PRNewsWire

Banc of California (BANC)-Pacific Mercantile Ink Merger Deal

Banc of California's (BANC) merger deal with Pacific Mercantile Bancorp will be accretive to earnings and result in substantial addition to fee income.

5 months ago - Zacks Investment Research

BANC Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Banc of California, In...

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Banc of California, Inc. (NYSE: BANC) and Pacific Mercantile Bancorp is fair to Ban...

5 months ago - Business Wire

Banc of California, Inc. to Acquire Pacific Mercantile Bancorp, Creating a $9.5 Billion Business Banking Franchise in...

SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”, “Banc of California”, “we”, “us” or “our”), the holding company of Banc of California, N.A., and Pacific Mercant...

Other symbols:PMBC
5 months ago - Business Wire

Why Banc of California (BANC) Stock Might be a Great Pick

Banc of California (BANC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

6 months ago - Zacks Investment Research