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Banc of California, Inc. (BANC)

Stock Price: $11.78 USD -0.24 (-2.00%)
Updated Aug 13, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 591.73M
Revenue (ttm) 172.84M
Net Income (ttm) -24.90M
Shares Out 49.75M
EPS (ttm) -0.87
PE Ratio n/a
Forward PE 16.58
Dividend $0.24
Dividend Yield 2.04%

Stock Quote

Trading Day Aug 13, 2020
Last Price $11.78
Previous Close $12.02
Change ($) -0.24
Change (%) -2.00%
Day's Open 11.86
Day's Range 11.70 - 11.92
Day's Volume 128,914
52-Week Range 6.44 - 19.12

More Stats

Market Cap 591.73M
Enterprise Value 982.33M
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Jun 12, 2020
Shares Outstanding 49.75M
Float 45.82M
EPS (basic) -0.87
EPS (diluted) -0.87
FCF / Share 0.87
Dividend $0.24
Dividend Yield 2.04%
Earnings Yield n/a
FCF Yield 7.35%
Payout Ratio n/a
Shares Short 1.57M
Short Ratio 5.75
Short % of Float 5.18%
Beta 1.87
PE Ratio n/a
Forward PE 16.58
P/FCF Ratio 13.60
PS Ratio 3.42
PB Ratio 0.84
Revenue 172.84M
Operating Income -33.34M
Net Income -24.90M
Free Cash Flow 43.52M
Net Cash -390.60M
Net Cash / Share -7.78
Gross Margin 128.56%
Operating Margin -19.29%
Profit Margin -25.10%
FCF Margin 25.18%
ROA -0.29%
ROE -2.75%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (7)

Buy 2
Overweight 0
Hold 5
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$12.58*
(6.79% upside)
Low
10.0
Current: $11.78
High
16.0
Target: 12.58
*Average 12-month price target from 6 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue22428033540427929018677.6728.6726.08
Revenue Growth-19.97%-16.52%-16.98%44.46%-3.61%55.87%139.48%170.96%9.92%-
Gross Profit22428033540427929018677.6728.6726.08
Operating Income29.6752.0457.6813269.1726.477.916.48-2.714.19
Net Income23.7645.4757.7111562.0730.21-0.086.00-2.732.83
Shares Outstanding50.8850.6550.5449.7337.8128.6418.6111.7811.724.24
Earnings Per Share0.050.450.711.941.340.90-0.150.40-0.310.37
EPS Growth-88.89%-36.62%-63.4%44.78%48.89%-----
Dividend Per Share0.310.520.520.490.480.480.480.480.460.25
Dividend Growth-40.38%0%6.12%2.08%0%0%0%4.35%84%-
Operating Cash Flow80.2612356318.11-42.99-628-435-32.9713.6423.28
Capital Expenditures-10.4825.25-11.16-44.65-26.767.22-54.97-4.83-4.89-2.44
Free Cash Flow69.78148552-26.54-69.75-620-490-37.798.7520.84
Cash & Equivalents37339238844015623111010944.4859.10
Total Debt1,3921,6931,8687331,19272733215720.0075.00
Net Cash / Debt-1,019-1,302-1,480-294-1,036-495-222-48.2924.48-15.90
Assets7,82810,63010,32811,0308,2365,9713,6281,683999862
Liabilities6,9219,6859,31610,0507,5835,4683,3031,494815726
Book Value9079461,012980652503325189184136
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Banc of California, Inc.
Country United States
Employees 600
CEO Jared Michael Wolff

Stock Information

Ticker Symbol BANC
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Banks—Regional
Unique Identifier NYSE: BANC

Description

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 and noninterest-bearing demand accounts, as well as certificates of deposit. It also provides various commercial and consumer loan products, such as commercial and industrial loans; commercial real estate loans; multifamily loans; construction and renovation loans; single family residential mortgage loans; warehouse loans; asset, insurance, or security-backed loans; home equity lines of credit; consumer and business lines of credit; small business administration loans; and other consumer loans. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, card payment, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and Internet banking services; and master demand accounts, interest rate swaps, and safe deposit boxes. As of December 31, 2018, it operated 32 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles counties in California. The company was formerly known as First PacTrust Bancorp, Inc. and changed its name to Banc of California, Inc. in July 2013. Banc of California, Inc. was founded in 1941 and is headquartered in Santa Ana, California.