Banc of California Inc [NYSE: BANC] plunged by -$0.16 during the normal trading session on while it closed the day at $16.93.
Banc of California Inc stock has also loss -2.14% of its value over the past 7 days. However, BANC stock has inclined by 22.59% in the 3 months of the year. Over the past six months meanwhile, it has gained 28.55% and gained 26.06% year-on date.
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The market cap for BANC stock reached $2.85 billion, with 158.33 million shares outstanding and 137.95 million shares in the current float. Compared to the average trading volume of 2.39M shares, BANC reached a trading volume of 3191236 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $18.20 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 1.80. 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.
Barclays have made an estimate for Banc of California Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 31, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on October 10, 2024, representing the official price target for Banc of California Inc stock. Previously, the target price had yet another raise from $14 to $18, while Wedbush kept a Outperform rating on BANC stock.
The Average True Range (ATR) for Banc of California Inc is set at 0.46, with the Price to Sales ratio for BANC stock in the period of the last 12 months amounting to 1.90. The Price to Book ratio for the last quarter was 0.95. Price to Free Cash Flow for BANC in the course of the last twelve months was 78.48.
BANC stock trade performance evaluation
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 -2.14. With this latest performance, BANC shares gained by 10.94% in over the last four-week period, additionally plugging by 28.55% over the last 6 months – not to mention a rise of 36.09% 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 57.70, with the RSI for the last a single of trading hit 55.02, and the three-weeks RSI is set at 58.48 for Banc of California Inc [BANC]. The present Moving Average for the last 50 days of trading for this stock 15.61, while it was recorded at 17.05 for the last single week of trading, and 14.38 for the last 200 days.
Banc of California Inc [BANC]: An insightful look at the core fundamentals
Banc of California Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.16.
Earnings per share (EPS) analysis for Banc of California Inc [BANC] stock
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 8.00%.
Banc of California Inc [BANC]: Institutional Ownership
There are presently around $98.65%, or 99.81%% 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%.
