Quantinno Capital Management LP Buys 28,397 Shares of Banc of California, Inc. $BANC

Posted by Brian Himes on Aug 17th, 2026

Quantinno Capital Management LP raised its stake in shares of Banc of California, Inc. (NYSE:BANC – Free Report) by 121.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 51,873 shares of the bank’s stock after acquiring an additional 28,397 shares during the quarter. Quantinno Capital Management LP’s holdings in Banc of California were worth $912,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BANC. Triumph Capital Management acquired a new stake in Banc of California during the third quarter worth about $25,000. Navalign LLC acquired a new position in Banc of California in the 4th quarter valued at approximately $27,000. Orion Capital Management LLC bought a new stake in shares of Banc of California in the 4th quarter worth approximately $35,000. Advisory Services Network LLC bought a new stake in shares of Banc of California in the 3rd quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Banc of California by 38.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,023 shares of the bank’s stock worth $39,000 after purchasing an additional 564 shares in the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.

Insiders Place Their Bets

In other Banc of California news, insider Olivia I. Lindsay sold 6,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $19.50, for a total transaction of $117,000.00. Following the completion of the transaction, the insider directly owned 32,842 shares in the company, valued at $640,419. This represents a 15.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.78% of the stock is owned by company insiders.

Banc of California Stock Down 0.3%

NYSE BANC opened at $19.68 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $20.17 and its two-hundred day moving average is $19.20. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of -46.85 and a beta of 0.74. Banc of California, Inc. has a 1-year low of $15.33 and a 1-year high of $21.93.

Banc of California (NYSE:BANC – Get Free Report) last released its quarterly earnings data 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). Banc of California had a negative net margin of 1.44% and a positive return on equity of 7.98%. The company had revenue of $16.41 million during the quarter, compared to the consensus estimate of $295.32 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 94.0% on a year-over-year basis. Equities analysts forecast that Banc of California, Inc. will post 1.68 earnings per share for the current fiscal year.

Banc of California Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Banc of California’s dividend payout ratio is -114.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BANC. JPMorgan Chase & Co. boosted 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. Citigroup reduced their target price on Banc of California from $23.50 to $22.00 and set a “buy” rating for the company in a research report on Friday, July 31st. DA Davidson reiterated a “buy” rating and set a $24.00 price target on shares of Banc of California in a research note on Tuesday, April 28th. Barclays lowered their price target on shares of Banc of California from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Finally, Piper Sandler increased their price objective on shares of Banc of California from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $22.62.

View Our Latest Stock Report on Banc of California

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.