With 1.3 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.17 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $15.7 whereas the lowest price it dropped to was $15.191. 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 2.57 billion, BANC has annualized dividend of $0.40 while the current yield stands at 2.62%. Beta for the stock currently stands at 1.15.
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 -1.99%, but this was down by -10.29% over a month. Three-month performance surged to 9.79% while six-month performance rose 17.40%. The stock gained 14.75% in the past year, while it has lost -1.36% 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 180.51% 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 2024-12-13, short shares totaled 9.45 million, which was 561.0 higher than short shares on 1731628800. 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 0.98624 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 31.15% to reach the target high and rise by 11.48% to reach the target low. Reaching the average price target will result in a growth of 23.28% from current levels.
Analysts have provided yearly estimates in a range of $0.49541 being high and $0.44256 being low. For BANC, this leads to a yearly average estimate of $0.46238.
