Insider Selling: Banc of California (NYSE:BANC) General Counsel Sells $192,900.30 in Stock

Posted by Brenda Bartman on Sep 14th, 2026

Banc of California, Inc. (NYSE:BANC – Get Free Report) General Counsel Ido Dotan sold 10,541 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $18.30, for a total value of $192,900.30. Following the completion of the transaction, the general counsel owned 45,702 shares in the company, valued at approximately $836,346.60. The trade was a 18.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Banc of California Trading Down 0.1%

Shares of Banc of California stock opened at $18.54 on Monday. The stock has a market capitalization of $2.94 billion, a PE ratio of -44.13 and a beta of 0.73. Banc of California, Inc. has a 52 week low of $15.33 and a 52 week high of $21.93. The stock has a 50 day moving average price of $19.60 and a two-hundred day moving average price of $19.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.89.

Banc of California (NYSE:BANC – Get Free Report) last issued its earnings results on Wednesday, July 29th. The bank reported ($1.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($2.01). Banc of California had a positive return on equity of 7.98% and a negative net margin of 1.44%.The firm had revenue of $16.41 million for the quarter, compared to analyst estimates of $295.32 million. During the same period in the previous year, the company earned $0.31 earnings per share. Banc of California’s revenue for the quarter was down 94.0% compared to the same quarter last year. As a group, equities analysts anticipate that Banc of California, Inc. will post 1.68 earnings per share for the current fiscal year.

Banc of California Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Banc of California’s dividend payout ratio (DPR) is -114.29%.

Institutional Trading of Banc of California

Institutional investors and hedge funds have recently modified their holdings of the business. Triumph Capital Management bought a new position in Banc of California in the 3rd quarter valued at $25,000. Navalign LLC purchased a new position in shares of Banc of California in the 4th quarter worth about $27,000. Western Wealth Management LLC purchased a new position in shares of Banc of California in the 1st quarter worth about $29,000. Advisory Services Network LLC bought a new position in Banc of California during the third quarter valued at about $36,000. Finally, Orion Capital Management LLC bought a new position in Banc of California during the second quarter valued at about $37,000. 86.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BANC shares. Citigroup dropped their price target on shares of Banc of California from $23.50 to $22.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Brean Capital downgraded Banc of California from a “buy” rating to a “neutral” rating in a research note on Thursday, July 30th. Wells Fargo & Company initiated coverage on Banc of California in a report on Monday, August 10th. They issued an “overweight” rating and a $23.00 target price on the stock. Wall Street Zen cut Banc of California from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Barclays lowered their price target on Banc of California from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $22.62.

Check Out Our Latest Stock Report on BANC

About Banc of California

(Get Free Report)

Banc of California, Inc is the holding company for Banc of California, a relationship-focused financial institution headquartered in California. The bank provides banking and financial services to businesses, entrepreneurs, professionals, individuals and families, with a focus on supporting the state’s local communities and economy.

Its offerings include commercial and industrial lending, commercial real estate financing, residential mortgage lending, consumer loans, business and personal deposit accounts, treasury management, online and mobile banking, and other cash-management services.