Banc Of California Inc’s (NYSE:BANC) Sentiment is 0.87

July 27, 2018 - By Jack Shaw

Sentiment for Banc Of California Inc (NYSE:BANC)

Banc Of California Inc (NYSE:BANC) institutional sentiment increased to 0.87 in Q1 2018. Its up 0.09, from 0.78 in 2017Q4. The ratio has improved, as 67 active investment managers increased and opened new positions, while 77 cut down and sold stakes in Banc Of California Inc. The active investment managers in our partner’s database now possess: 56.66 million shares, up from 56.03 million shares in 2017Q4. Also, the number of active investment managers holding Banc Of California Inc in their top 10 positions decreased from 6 to 4 for a decrease of 2. Sold All: 21 Reduced: 56 Increased: 51 New Position: 16.

Banc of California, Inc. operates as the bank holding firm for Banc of California, National Association that provides banking services and products in the United States. The company has market cap of $1.02 billion. It operates through Commercial Banking and Mortgage Banking divisions. It has a 37.04 P/E ratio. The companyÂ’s deposits consist of checking, savings, money market, retirement, and interest and non-interest bearing demand accounts, as well as certificates of deposit; and commercial and consumer loan products include commercial and industrial loans, commercial real estate loans, multi-family loans, small business administration guaranteed business loans, construction and renovation loans, lease financing, single family residential mortgage loans, warehouse loans, asset-insurance-or security backed loans, home equity lines of credit, consumer and business lines of credit, home equity loans, and other consumer loans.

The stock increased 7.75% or $1.45 during the last trading session, reaching $20.15. About 1.51 million shares traded or 176.18% up from the average. Banc of California, Inc. (NYSE:BANC) has declined 3.67% since July 27, 2017 and is downtrending. It has underperformed by 16.24% the S&P500.

Patriot Financial Partners Gp Lp holds 32.49% of its portfolio in Banc of California, Inc. for 2.85 million shares. Pl Capital Advisors Llc owns 3.40 million shares or 18.39% of their US portfolio. Moreover, Second Curve Capital Llc has 4.61% invested in the company for 620,000 shares. The Texas-based Clover Partners L.P. has invested 3.99% in the stock. Forest Hill Capital Llc, a Arkansas-based fund reported 637,673 shares.

Since January 1, 0001, it had 1 buying transaction, and 1 insider sale for $63,612 activity.

Banc of California, Inc. (NYSE:BANC) Ratings Coverage

Ratings analysis reveals 33% of Banc of California’s analysts are positive. Out of 6 Wall Street analysts rating Banc of California, 2 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $19 while the high is $25.0. The stock’s average target of $22.25 is 10.42% above today’s ($20.15) share price. BANC was included in 10 notes of analysts from February 1, 2018. The stock has “Underperform” rating by Bank of America on Friday, April 6. Sandler O’Neill maintained the stock with “Buy” rating in Friday, March 16 report. FBR Capital maintained Banc of California, Inc. (NYSE:BANC) on Thursday, February 8 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, February 26. The firm has “Neutral” rating by B. Riley & Co given on Thursday, February 1. The stock of Banc of California, Inc. (NYSE:BANC) earned “Neutral” rating by FBR Capital on Tuesday, June 19. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, March 15. The stock of Banc of California, Inc. (NYSE:BANC) has “Hold” rating given on Thursday, February 1 by FBR Capital. The firm has “Hold” rating given on Friday, March 16 by FBR Capital. As per Thursday, February 8, the company rating was maintained by Piper Jaffray.

More important recent Banc of California, Inc. (NYSE:BANC) news were published by: Seekingalpha.com which released: “Banc of California, Inc. (BANC) CEO Doug Bowers on Q2 2018 Results – Earnings Call Transcript” on July 26, 2018, also Ocbj.com published article titled: “Midday Stock Roundup”, Ocbj.com published: “Banc of California to Cut Workforce 9%” on June 28, 2018. More interesting news about Banc of California, Inc. (NYSE:BANC) was released by: Prnewswire.com and their article: “Banc of California Announces Promotion of Jason Pendergist to Executive Vice President and Head of Commercial …” with publication date: July 12, 2018.

Banc of California, Inc. (NYSE:BANC) Ratings Chart

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