Sei Investments Co. Purchases 27,311 Shares of Banc of California, Inc. $BANC

Posted by Stanley Muller on Aug 5th, 2026

Sei Investments Co. lifted its holdings in Banc of California, Inc. (NYSE:BANC – Free Report) by 8.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 335,588 shares of the bank’s stock after purchasing an additional 27,311 shares during the quarter. Sei Investments Co.’s holdings in Banc of California were worth $5,900,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in Banc of California during the third quarter valued at $25,000. Navalign LLC bought a new position in Banc of California during the fourth quarter valued at $27,000. Orion Capital Management LLC bought a new position in Banc of California during the fourth quarter valued at $35,000. Advisory Services Network LLC purchased a new position in shares of Banc of California in the 3rd quarter worth $36,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Banc of California by 38.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,023 shares of the bank’s stock worth $39,000 after buying an additional 564 shares in the last quarter. Institutional investors own 86.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BANC shares. Piper Sandler boosted their target price on shares of Banc of California from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Barclays lowered their price target on shares of Banc of California from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Monday. Weiss Ratings cut Banc of California from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped their price objective on Banc of California from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Finally, DA Davidson restated a “buy” rating and set a $24.00 price objective on shares of Banc of California in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.62.

Get Our Latest Report on Banc of California

Insider Buying and Selling

In related news, insider Olivia I. Lindsay sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $19.50, for a total transaction of $117,000.00. Following the transaction, the insider directly owned 32,842 shares in the company, valued at approximately $640,419. This represents a 15.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.78% of the company’s stock.

Banc of California Stock Up 1.4%

NYSE BANC opened at $19.52 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. Banc of California, Inc. has a 52 week low of $14.20 and a 52 week high of $21.93. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -46.46 and a beta of 0.74. The company has a fifty day moving average of $20.13 and a two-hundred day moving average of $19.27.

Banc of California (NYSE:BANC – Get Free Report) last announced its earnings results on Wednesday, July 29th. The bank reported ($1.61) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($2.01). The firm had revenue of $164.05 million during the quarter, compared to analysts’ expectations of $295.32 million. Banc of California had a negative net margin of 1.44% and a positive return on equity of 7.98%. The company’s revenue was down 94.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. On average, analysts predict that Banc of California, Inc. will post 1.68 earnings per share for the current year.

Banc of California Profile

(Free Report)

Banc of California, N.A. is a full-service commercial bank headquartered in Santa Ana, California, offering a broad spectrum of banking products and services to corporate and individual customers. The bank focuses on serving middle-market businesses, professional service firms, real estate investors and developers, and entrepreneurs throughout California. Its core offerings include deposit accounts, treasury management services, commercial real estate lending, equipment finance, lines of credit and Small Business Administration lending, complemented by cash management and online banking solutions.

Operating a network of branches and lending offices concentrated in both Southern and Northern California, Banc of California seeks to support local businesses and communities with personalized service and regional expertise.