Impact of Brokerage Rating on Banc of California, Inc.(BANC)

Many Banc of California, Inc.(BANC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Banc of California Inc was Upgraded by FBR & Co. on Jan 26, 2017 to Outperform, Price Target of the shares are set at $22.Banc of California Inc was Upgraded by FIG Partners to Market Perform on Jan 23, 2017.

Company has reported several Insider transactions to the SEC, on Oct 4, 2016, Jeffrey T Seabold (EXECUTIVE VICE PRESIDENT) sold 39,919 shares at 17.63 per share price.On Aug 18, 2016, Steven Sugarman (CEO AND CHAIRMAN OF BOARD) purchased 338 shares at 21.96 per share price.On Dec 18, 2015, J. Francisco A. Turner (EVP, CHIEF STRATEGY OFFICER) sold 2,800 shares at 14.03 per share price.

Banc of California Inc Last issued its quarterly earnings results on Jan 30, 2017. The company reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.49.Analysts expectations of $ 153.90.During the same quarter in the previous year, the company posted $0.39 EPS.

Banc of California, Inc. (NYSE:BANC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 8 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

Banc of California, Inc. (NYSE:BANC): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $20.17 in Banc of California, Inc. (NYSE:BANC). However, the stock price could fluctuate by $ 3.6 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $24 price target with the lower price estimate is calculated at $14

Banc of California, Inc. (NYSE:BANC) witnessed a decline in the market cap on Tuesday as its shares dropped 0.25% or 0.05 points. After the session commenced at $20.25, the stock reached the higher end at $20.5 while it hit a low of $19.925. With the volume soaring to 1,040,608 shares, the last trade was called at $20.1. The company has a 52-week high of $23.235. The company has a market cap of $999 million and there are 49,725,044 shares in outstanding. The 52-week low of the share price is $10.93.

Banc of California, Inc. provides comprehensive banking services to Californias diverse private businesses, entrepreneurs and homeowners. It is the parent company of Banc of California, National Association.


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