With 2.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.22 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $16.88 whereas the lowest price it dropped to was $16.36. The 52-week range on BANC shows that it touched its highest point at $16.92 and its lowest point at $11.10 during that stretch. It currently has a 1-year price target of $17.59. With its current market cap of 2.76 billion, BANC has annualized dividend of $0.40 while the current yield stands at 2.44%. Beta for the stock currently stands at 1.14.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BANC was down-trending over the past week, with a drop of -2.26%, but this was up by 9.41% over a month. Three-month performance surged to 21.93% while six-month performance rose 15.41%. The stock gained 44.37% in the past year, while it has gained 22.11% so far this year. A look at the trailing 12-month EPS for BANC yields -4.31 with Next year EPS estimates of 1.30. For the next quarter, that number is 0.22. This implies an EPS growth rate of 102.03% for this year and 182.85% for next year.
Float and Shares Shorts:
At present, 156.79 million BANC shares are outstanding with a float of 137.99 million shares on hand for trading. On 2024-10-31, short shares totaled 8.87 million, which was 525.0 higher than short shares on 1727654400. In addition to Mr. Joseph Kauder as the firm’s Executive VP & CFO, Mr. Jeffrey T. Krumpoch serves as its Interim Chief Accounting Officer.
Institutional Ownership:
Through their ownership of 0.99622 of BANC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BANC since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BANC analysts setting a high price target of 19.0 and a low target of 15.0, the average target price over the next 12 months is 17.5. Based on these targets, BANC could surge 15.85% to reach the target high and fall by -8.54% to reach the target low. Reaching the average price target will result in a growth of 6.71% from current levels.
Analysts have provided yearly estimates in a range of $0.51199 being high and $0.43422 being low. For BANC, this leads to a yearly average estimate of $0.46014. The surprise factor in the prior quarter was $0.19. Based on analyst estimates, the high estimate for the next quarter is $0.31 and the low estimate is $0.22. The average estimate for the next quarter is thus $0.26.
