While Banc of California Inc has overperformed by 2.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BANC fell by -15.84%, with highs and lows ranging from $17.74 to $9.72, whereas the simple moving average jumped by 17.01% in the last 200 days.
On December 04, 2023, Truist started tracking Banc of California Inc (NYSE: BANC) recommending Hold. A report published by Wells Fargo on October 04, 2023, Downgraded its rating to ‘Equal Weight’ for BANC. Keefe Bruyette also Downgraded BANC shares as ‘Mkt Perform’, setting a target price of $16 on the company’s shares in a report dated July 31, 2023. Raymond James July 23, 2021d its ‘Mkt Perform’ rating to ‘Outperform’ for BANC, as published in its report on July 23, 2021. Stephens’s report from July 08, 2021 suggests a price prediction of $19 for BANC shares, giving the stock a ‘Equal-Weight’ rating. Keefe Bruyette also rated the stock as ‘Outperform’.
Analysis of Banc of California Inc (BANC)
Investors in Banc of California Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.40 per share. Further, the quarter-over-quarter decrease in sales is -34.75%, showing a negative trend in the upcoming months.
One of the most important indicators of Banc of California Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -18.49% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and BANC is recording 3.00M average volume. On a monthly basis, the volatility of the stock is set at 4.22%, whereas on a weekly basis, it is put at 2.59%, with a gain of 1.52% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.00, showing growth from the present price of $14.66, which can serve as yet another indication of whether BANC is worth investing in or should be passed over.
How Do You Analyze Banc of California Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.41%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 70.89% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BANC shares are owned by institutional investors to the tune of 70.89% at present.
