With 2.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.12 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $16.3 whereas the lowest price it dropped to was $15.965. 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 $19.00. With its current market cap of 2.70 billion, BANC has annualized dividend of $0.40 while the current yield stands at 2.50%. 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.
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 -1.05%, but this was up by 2.96% over a month. Three-month performance surged to 4.71% while six-month performance rose 18.77%. The stock gained 21.38% in the past year, while it has gained 3.56% so far this year. A look at the trailing 12-month EPS for BANC yields 0.52 with Next year EPS estimates of 1.64. For the next quarter, that number is 0.24. This implies an EPS growth rate of 138.77% for this year and 32.34% for next year.
Float and Shares Shorts:
At present, 168.60 million BANC shares are outstanding with a float of 138.09 million shares on hand for trading. On 2024-12-31, short shares totaled 9.85 million, which was 584.0 higher than short shares on 1732838400. 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 0.98377 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 19.0. Based on these targets, BANC could surge 24.92% to reach the target high and rise by 6.18% to reach the target low. Reaching the average price target will result in a growth of 18.68% from current levels.
Analysts have provided yearly estimates in a range of $0.49195 being high and $0.43947 being low. For BANC, this leads to a yearly average estimate of $0.46571. Based on analyst estimates, the high estimate for the next quarter is $0.32 and the low estimate is $0.27. The average estimate for the next quarter is thus $0.3.
