While Banc of California Inc has underperformed by -0.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BANC rose by 18.35%, with highs and lows ranging from $16.08 to $9.72, whereas the simple moving average jumped by 5.52% in the last 200 days.
On March 22, 2024, Keefe Bruyette Upgraded Banc of California Inc (NYSE: BANC) to Outperform. A report published by Barclays on March 08, 2024, Initiated its previous ‘Equal Weight’ rating for BANC. Truist also rated BANC shares as ‘Hold’, setting a target price of $14 on the company’s shares in an initiating report dated December 04, 2023. Wells Fargo October 04, 2023d the rating to Equal Weight on October 04, 2023, and set its price target from $21 to $13.50. Keefe Bruyette July 31, 2023d its ‘Outperform’ rating to ‘Mkt Perform’ for BANC, as published in its report on July 31, 2023. Raymond James also rated the stock as ‘Outperform’.
Analysis of Banc of California Inc (BANC)
A return on investment can be expected regardless of BANC’s performance over the next quarter with the dividend set at $0.40 per share. Further, the quarter-over-quarter decrease in sales is -34.91%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Banc of California Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and BANC is recording an average volume of 2.46M. On a monthly basis, the volatility of the stock is set at 2.84%, whereas on a weekly basis, it is put at 2.49%, with a loss of -2.75% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.67, showing growth from the present price of $13.80, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 8.66%. 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 72.10% 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 72.10% at present.
