Banc of California, Inc. (NYSE:BANC) Given Average Recommendation of “Buy” by Brokerages

Posted by Brenda Bartman on Jun 29th, 2026

Banc of California, Inc. (NYSE:BANC – Get Free Report) has been given a consensus rating of “Buy” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $22.3125.

BANC has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Banc of California from $20.50 to $22.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Wells Fargo & Company upped their target price on shares of Banc of California from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. DA Davidson reaffirmed a “buy” rating and set a $24.00 target price on shares of Banc of California in a report on Tuesday, April 28th. Weiss Ratings lowered shares of Banc of California from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Piper Sandler upped 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.

Read Our Latest Research Report on Banc of California

Hedge Funds Weigh In On Banc of California

A number of institutional investors have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. bought a new stake in shares of Banc of California during the 3rd quarter worth $2,054,000. Vanguard Group Inc. lifted its holdings in shares of Banc of California by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 9,951,795 shares of the bank’s stock worth $191,970,000 after acquiring an additional 438,320 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Banc of California by 11.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 915,325 shares of the bank’s stock worth $17,657,000 after acquiring an additional 96,372 shares during the last quarter. UBS Group AG lifted its holdings in shares of Banc of California by 28.4% during the 4th quarter. UBS Group AG now owns 598,427 shares of the bank’s stock worth $11,544,000 after acquiring an additional 132,328 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Banc of California by 8.8% during the 4th quarter. William Blair Investment Management LLC now owns 2,317,363 shares of the bank’s stock worth $44,702,000 after acquiring an additional 187,999 shares during the last quarter. Institutional investors own 86.88% of the company’s stock.

Banc of California Stock Performance

Shares of BANC stock opened at $20.84 on Wednesday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 15.90 and a beta of 0.75. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $19.19 and its 200 day moving average is $19.14. Banc of California has a 12 month low of $13.96 and a 12 month high of $21.61.

Banc of California (NYSE:BANC – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The bank reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $286.95 million for the quarter, compared to analyst estimates of $291.28 million. Banc of California had a net margin of 13.58% and a return on equity of 9.25%. Banc of California’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, sell-side analysts anticipate that Banc of California will post 1.71 earnings per share for the current year.

Banc of California Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. Banc of California’s dividend payout ratio is 36.64%.

Banc of California Company Profile

(Get 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.