Research Analysts Issue Forecasts for BANC Q2 Earnings

Banc of California, Inc. (NYSE:BANC) – Equities research analysts at DA Davidson issued their Q2 2025 EPS estimates for shares of Banc of California in a research report issued to clients and investors on Friday, April 25th. DA Davidson analyst G. Tenner expects that the bank will post earnings of $0.29 per share for the quarter. The consensus estimate for Banc of California’s current full-year earnings is $1.31 per share.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on Banc of California from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday. Barclays dropped their price target on Banc of California from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Raymond James upped their price objective on shares of Banc of California from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. StockNews.com upgraded shares of Banc of California from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Robert W. Baird decreased their price target on shares of Banc of California from $19.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Banc of California Price Performance

Shares of NYSE:BANC opened at $13.55 on Monday. The company has a 50 day moving average of $13.65 and a 200 day moving average of $15.18. The stock has a market cap of $2.15 billion, a P/E ratio of 24.20 and a beta of 0.85. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. Banc of California has a 12 month low of $11.52 and a 12 month high of $18.08.

Banc of California (NYSE:BANC) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Banc of California had a return on equity of 6.20% and a net margin of 7.06%. The company had revenue of $266.01 million for the quarter, compared to analyst estimates of $272.36 million. During the same period in the previous year, the company posted $0.19 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year.

Banc of California Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, March 14th. Banc of California’s dividend payout ratio is 61.54%.

Insider Buying and Selling

In other Banc of California news, Director James Andrew Barker purchased 10,000 shares of Banc of California stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of $13.16 per share, for a total transaction of $131,600.00. Following the acquisition, the director now directly owns 169,680 shares in the company, valued at approximately $2,232,988.80. This trade represents a 6.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.69% of the stock is owned by insiders.

Institutional Investors Weigh In On Banc of California

Large investors have recently made changes to their positions in the business. Picton Mahoney Asset Management bought a new position in shares of Banc of California during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in Banc of California in the 4th quarter worth $36,000. Jones Financial Companies Lllp raised its holdings in Banc of California by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,574 shares of the bank’s stock worth $55,000 after purchasing an additional 928 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Banc of California by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,348 shares of the bank’s stock worth $68,000 after purchasing an additional 2,926 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of Banc of California during the 4th quarter valued at about $97,000. 86.88% of the stock is currently owned by institutional investors.

About Banc of California

Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes.