Research Analysts Offer Predictions for BANC Q1 Earnings

Banc of California, Inc. (NYSE:BANC) – Analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Banc of California in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner anticipates that the bank will post earnings of $0.24 per share for the quarter. DA Davidson has a “Buy” rating and a $19.00 price objective on the stock. The consensus estimate for Banc of California’s current full-year earnings is $0.71 per share.

Banc of California (NYSE:BANC) last announced its earnings results on Thursday, January 23rd. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Banc of California had a positive return on equity of 2.93% and a negative net margin of 20.75%.

A number of other brokerages have also recently issued reports on BANC. Stephens lowered their price target on shares of Banc of California from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Monday. StockNews.com raised Banc of California from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on Banc of California from $17.50 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Citigroup began coverage on Banc of California in a research note on Thursday, October 10th. They issued a “neutral” rating and a $15.00 target price on the stock. Finally, Wedbush lifted their price target on Banc of California from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.20.

Banc of California Price Performance

BANC stock opened at $16.22 on Wednesday. The firm has a 50-day moving average of $16.16 and a 200 day moving average of $15.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $2.58 billion, a P/E ratio of -3.80 and a beta of 1.14. Banc of California has a 1 year low of $11.88 and a 1 year high of $18.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Management Group Inc. bought a new position in shares of Banc of California during the 4th quarter valued at about $202,000. Tectonic Advisors LLC boosted its stake in Banc of California by 6.4% during the fourth quarter. Tectonic Advisors LLC now owns 128,296 shares of the bank’s stock valued at $1,983,000 after buying an additional 7,722 shares during the last quarter. First Dallas Securities Inc. grew its holdings in Banc of California by 25.8% during the 4th quarter. First Dallas Securities Inc. now owns 77,975 shares of the bank’s stock valued at $1,205,000 after buying an additional 16,000 shares in the last quarter. Hodges Capital Management Inc. increased its stake in Banc of California by 10.7% in the 4th quarter. Hodges Capital Management Inc. now owns 2,281,410 shares of the bank’s stock worth $35,270,000 after acquiring an additional 221,125 shares during the last quarter. Finally, EMC Capital Management raised its holdings in shares of Banc of California by 4,319.8% during the 4th quarter. EMC Capital Management now owns 15,425 shares of the bank’s stock worth $238,000 after acquiring an additional 15,076 shares in the last quarter. 86.88% of the stock is currently owned by institutional investors.

Banc of California Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.47%. Banc of California’s payout ratio is -9.37%.

Banc of California Company Profile

Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes.