Banc of California (NYSE:BANC) Stock Price Target Lowered at Piper Sandler

Posted by Stanley Muller on Oct 1st, 2026

Banc of California (NYSE:BANC – Get Free Report) had its price target cut by analysts at Piper Sandler from $23.00 to $22.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target would suggest a potential upside of 27.80% from the stock’s current price.

BANC has been the topic of a number of other reports. Brean Capital downgraded Banc of California from a “buy” rating to a “neutral” rating in a research note on Thursday, July 30th. Barclays set a $10.00 price objective on Banc of California in a research note on Tuesday, September 15th. Wall Street Zen upgraded Banc of California from a “strong sell” rating to a “sell” rating in a report on Sunday. Citigroup reduced their price target on shares of 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. Finally, Weiss Ratings downgraded shares of Banc of California from a “hold (c+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Banc of California presently has an average rating of “Moderate Buy” and a consensus target price of $20.78.

Read Our Latest Research Report on Banc of California

Banc of California Stock Down 0.5%

Shares of NYSE BANC opened at $17.21 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.73 billion, a PE ratio of -40.99 and a beta of 0.73. The company’s fifty day simple moving average is $18.87 and its 200 day simple moving average is $19.00. Banc of California has a 12-month low of $15.33 and a 12-month high of $21.93.

Banc of California (NYSE:BANC – Get Free Report) last posted its quarterly 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 company had revenue of $16.41 million during the quarter, compared to the consensus estimate 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 for the quarter was down 94.0% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. As a group, sell-side analysts forecast that Banc of California will post 1.69 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Ido Dotan sold 10,541 shares of the company’s 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 transaction, the general counsel owned 45,702 shares in the company, valued at approximately $836,346.60. This represents a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Olivia I. Lindsay sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $19.50, for a total value of $117,000.00. Following the completion of the sale, the insider owned 32,842 shares in the company, valued at approximately $640,419. The trade was a 15.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Banc of California

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new position in Banc of California during the first quarter worth about $29,000. Orion Capital Management LLC purchased a new stake in shares of Banc of California during the 2nd quarter valued at approximately $37,000. EverSource Wealth Advisors LLC lifted its stake 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 valued at $39,000 after buying an additional 564 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Banc of California by 199.0% in the 4th quarter. Hantz Financial Services Inc. now owns 2,159 shares of the bank’s stock worth $42,000 after buying an additional 1,437 shares during the period. Finally, Nykredit A S purchased a new position in Banc of California in the 2nd quarter valued at approximately $61,000. 86.88% of the stock is currently owned by institutional investors.

Banc of California Company Profile

(Get Free Report)

Banc of California, Inc is a bank holding company whose principal subsidiary, Banc of California, N.A., provides banking and financial services to businesses, professionals and individuals. The bank serves customers primarily through branches and digital banking channels in California and selected markets.

Its products and services include commercial and consumer lending, commercial real estate financing, residential mortgage lending, deposit accounts, treasury management, cash management and online banking.