With 1.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.86 million shares. 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 $18.90. With its current market cap of 2.61 billion, BANC has annualized dividend of $0.40 while the current yield stands at 2.59%. Beta for the stock currently stands at 1.19.
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 -2.59%, but this was down by -5.16% over a month. Three-month performance dropped to -4.87% while six-month performance rose 7.82%. The stock gained 6.63% in the past year, while it has lost -0.13% so far this year. A look at the trailing 12-month EPS for BANC yields 0.52 with Next year EPS estimates of 1.65. For the next quarter, that number is 0.24. This implies an EPS growth rate of 136.23% for this year and 34.08% for next year. EPS is expected to grow by 51.02% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 58.50%.
Float and Shares Shorts:
At present, 168.83 million BANC shares are outstanding with a float of 139.18 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. 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 $0.26. The average estimate for the next quarter is thus $0.29.
