While Banc of California Inc has underperformed by -0.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BANC rose by 20.89%, with highs and lows ranging from $15.54 to $9.96, whereas the simple moving average jumped by 9.93% in the last 200 days.
On October 10, 2024, Citigroup started tracking Banc of California Inc (NYSE: BANC) recommending Neutral. A report published by Wedbush on September 24, 2024, Upgraded its rating to ‘Outperform’ for BANC. Raymond James also Upgraded BANC shares as ‘Outperform’, setting a target price of $16 on the company’s shares in a report dated September 17, 2024. Keefe Bruyette March 22, 2024d the rating to Outperform on March 22, 2024, and set its price target from $16 to $18. Barclays initiated its ‘Equal Weight’ rating for BANC, as published in its report on March 08, 2024. Truist’s report from December 04, 2023 suggests a price prediction of $14 for BANC shares, giving the stock a ‘Hold’ rating. Wells Fargo also rated the stock as ‘Equal Weight’.
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Analysis of Banc of California Inc (BANC)
It’s important to note that BANC shareholders are currently getting $0.40 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 303.05%, showing a positive trend in the upcoming months.
Banc of California Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -17.38% is sufficient for you to turn a profit off your investment.
For any stock, average volume can be an extremely valuable indicator of volatility, and BANC is registering an average volume of 2.15M. On a monthly basis, the volatility of the stock is set at 2.74%, whereas on a weekly basis, it is put at 2.98%, with a gain of 9.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.23, showing growth from the present price of $15.28, which can serve as yet another indication of whether BANC is worth investing in or should be passed over.
How Do You Analyze Banc of California Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 18.31%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 82.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BANC shares are owned by institutional investors to the tune of 82.23% at present.
