Squarepoint Ops LLC Boosts Stock Holdings in Banc of California, Inc. $BANC

Posted by Geri Gentry on Sep 11th, 2026

Squarepoint Ops LLC raised its stake in shares of Banc of California, Inc. (NYSE:BANC – Free Report) by 417.1% in the 2nd quarter, Holdings Channel reports. The firm owned 323,256 shares of the bank’s stock after acquiring an additional 260,741 shares during the period. Squarepoint Ops LLC’s holdings in Banc of California were worth $6,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Triumph Capital Management increased its holdings in shares of Banc of California by 32.8% in the fourth quarter. Triumph Capital Management now owns 2,025 shares of the bank’s stock worth $39,000 after purchasing an additional 500 shares during the last quarter. Crescent Grove Advisors LLC boosted its stake in Banc of California by 0.5% during the first quarter. Crescent Grove Advisors LLC now owns 102,275 shares of the bank’s stock valued at $1,810,000 after buying an additional 525 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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. CIBC Asset Management Inc grew its holdings in Banc of California by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 14,652 shares of the bank’s stock valued at $283,000 after buying an additional 637 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in Banc of California by 4.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 19,630 shares of the bank’s stock valued at $379,000 after buying an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 86.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BANC shares. Brean Capital cut Banc of California from a “buy” rating to a “neutral” rating in a report on Thursday, July 30th. Weiss Ratings cut shares of Banc of California from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Barclays decreased 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 research note on Monday, August 3rd. Wall Street Zen lowered shares of Banc of California from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Citigroup dropped their price objective on shares of Banc of California from $23.50 to $22.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $22.62.

View Our Latest Research Report on Banc of California

Banc of California Trading Down 0.2%

Shares of BANC stock opened at $18.37 on Friday. The company has a market cap of $2.91 billion, a PE ratio of -43.73 and a beta of 0.73. Banc of California, Inc. has a 1 year low of $15.33 and a 1 year high of $21.93. The stock’s 50 day simple moving average is $19.64 and its two-hundred day simple moving average is $19.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.86.

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

Banc of California Dividend Announcement

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

Insider Buying and Selling

In other Banc of California news, insider Olivia 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 transaction of $117,000.00. Following the transaction, the insider owned 32,842 shares in the company, valued at $640,419. The trade was a 15.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.78% of the stock is owned by insiders.

Banc of California Company 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.