While Banc of California Inc has underperformed by -0.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BANC rose by 45.65%, with highs and lows ranging from $18.08 to $11.36, whereas the simple moving average jumped by 20.24% in the last 200 days.
On October 31, 2024, Barclays Upgraded Banc of California Inc (NYSE: BANC) to Overweight. A report published by Citigroup on October 10, 2024, Initiated its previous ‘Neutral’ rating for BANC. Wedbush also Upgraded BANC shares as ‘Outperform’, setting a target price of $18 on the company’s shares in a report dated September 24, 2024. Keefe Bruyette March 22, 2024d its ‘Mkt Perform’ rating to ‘Outperform’ for BANC, as published in its report on March 22, 2024. Barclays’s report from March 08, 2024 suggests a price prediction of $16 for BANC shares, giving the stock a ‘Equal Weight’ rating. Truist also rated the stock as ‘Hold’.
Analysis of Banc of California Inc (BANC)
BANC currently pays a dividend of $0.40 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 257.21%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Banc of California Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -18.36% is sufficient for you to turn a profit off your investment.
An average volume of 2.39M can be a very valuable indicator of volatility for BANC stock. On a monthly basis, the volatility of the stock is set at 2.86%, whereas on a weekly basis, it is put at 3.20%, with a gain of 5.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.75, showing growth from the present price of $17.23, 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?
In addition to the fundamentals, you should also consider 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 18.18%. 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 79.79% 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 79.79% at present.
