Banc of California Inc [NYSE: BANC] gained 0.28% on the last trading session, reaching $14.13 price per share at the time.
If compared to the average trading volume of 2.10M shares, BANC reached a trading volume of 2888148 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Banc of California Inc [BANC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BANC shares is $15.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BANC stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Keefe Bruyette have made an estimate for Banc of California Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 22, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on March 08, 2024, representing the official price target for Banc of California Inc stock. Previously, the target price had yet another raise to $14, while Truist analysts kept a Hold rating on BANC stock. On October 04, 2023, analysts decreased their price target for BANC shares from 21 to 13.50.
The Average True Range (ATR) for Banc of California Inc is set at 0.48, with the Price to Sales ratio for BANC stock in the period of the last 12 months amounting to 2.00. The Price to Book ratio for the last quarter was 0.82. Price to Free Cash Flow for BANC in the course of the last twelve months was 125.50.
Trading performance analysis for BANC stock
Banc of California Inc [BANC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.26. With this latest performance, BANC shares gained by 11.52% in over the last four-week period, additionally sinking by -5.17% over the last 6 months – not to mention a rise of 12.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BANC stock in for the last two-week period is set at 54.16, with the RSI for the last a single of trading hit 53.61, and the three-weeks RSI is set at 53.63 for Banc of California Inc [BANC]. The present Moving Average for the last 50 days of trading for this stock 13.58, while it was recorded at 14.16 for the last single week of trading, and 13.67 for the last 200 days.
Banc of California Inc [BANC]: A deeper dive into fundamental analysis
Banc of California Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.15.
Banc of California Inc [BANC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Banc of California Inc posted 0.3/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BANC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Banc of California Inc go to 10.00%.
An analysis of Institutional ownership at Banc of California Inc [BANC]
There are presently around $101.17%, or 102.37%% of BANC stock, in the hands of institutional investors. The top three institutional holders of BANC stocks are: BLACKROCK INC. with ownership of 21.86 million shares, which is approximately 12.979%. WARBURG PINCUS LLC, holding 15.59 million shares of the stock with an approximate value of $$199.28 million in BANC stocks shares; and WARBURG PINCUS LLC, currently with $$127.63 million in BANC stock with ownership which is approximately 5.8859%.
