This trade activity should not be overlooked: Banc of California Inc (BANC)

With 1.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.32 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $13.135 whereas the lowest price it dropped to was $12.91. The 52-week range on BANC shows that it touched its highest point at $16.08 and its lowest point at $9.96 during that stretch. It currently has a 1-year price target of $16.72. With its current market cap of 2.20 billion, BANC has annualized dividend of $0.40 while the current yield stands at 3.07%. Beta for the stock currently stands at 1.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BANC was down-trending over the past week, with a drop of -5.92%, but this was down by -12.54% over a month. Three-month performance dropped to -12.25% while six-month performance rose 7.33%. The stock gained 0.77% in the past year, while it has lost -2.90% so far this year. A look at the trailing 12-month EPS for BANC yields -3.38 with Next year EPS estimates of 1.88. For the next quarter, that number is 0.21. This implies an EPS growth rate of 104.66% for this year and 77.21% for next year.

Float and Shares Shorts:

At present, 156.79 million BANC shares are outstanding with a float of 137.21 million shares on hand for trading. On 2024-05-15, short shares totaled 10.18 million, which was 605.0000299999999 higher than short shares on 1713139200. In addition to Mr. Jared M. Wolff as the firm’s Vice Chairman, President & CEO, Mr. Joseph Kauder serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.96222 of BANC’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BANC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.