A better buy-in window may exist right now for Banc of California Inc (BANC)

With 2.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.28 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $15.79 whereas the lowest price it dropped to was $15.21. The 52-week range on BANC shows that it touched its highest point at $18.08 and its lowest point at $11.88 during that stretch. It currently has a 1-year price target of $18.80. With its current market cap of 2.59 billion, BANC has annualized dividend of $0.40 while the current yield stands at 2.60%. BANC paid its most recent dividend on 1734307200, while the ex-dividend date for that was 1734307200. Beta for the stock currently stands at 1.15.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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 -8.24%, but this was down by -4.24% over a month. Three-month performance surged to 2.06% while six-month performance rose 20.94%. The stock gained 10.98% in the past year, while it has gained 14.37% 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 0.23. This implies an EPS growth rate of 102.04% for this year and 180.65% for next year.

Float and Shares Shorts:

At present, 158.33 million BANC shares are outstanding with a float of 138.09 million shares on hand for trading. On 2024-11-29, short shares totaled 7.99 million, which was 473.99997999999994 higher than short shares on 1730332800. In addition to Mr. Jared M. Wolff J.D. as the firm’s Vice Chairman, President & CEO, Mr. Joseph Kauder serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.9867 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 20.0 and a low target of 17.0, the average target price over the next 12 months is 18.8. Based on these targets, BANC could surge 30.21% to reach the target high and rise by 10.68% to reach the target low. Reaching the average price target will result in a growth of 22.4% from current levels.

Analysts have provided yearly estimates in a range of $0.49422 being high and $0.4415 being low. For BANC, this leads to a yearly average estimate of $0.46127. 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.