Analysts See $-0.06 EPS for Banc of California, Inc. (BANC)

April 26, 2018 - By Migdalia James

Investors sentiment decreased to 0.78 in 2017 Q4. Its down 0.20, from 0.98 in 2017Q3. It dived, as 22 investors sold Banc of California, Inc. shares while 66 reduced holdings. 26 funds opened positions while 43 raised stakes. 56.03 million shares or 5.95% less from 59.57 million shares in 2017Q3 were reported.
Bridgeway Management Inc accumulated 163,000 shares. Highlander Capital Llc owns 0.02% invested in Banc of California, Inc. (NYSE:BANC) for 1,000 shares. Ls Invest Ltd Com holds 1,260 shares or 0% of its portfolio. Us Bancshares De accumulated 3,252 shares. Smith Graham And Com Inv Advsrs L P reported 604,344 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Banc of California, Inc. (NYSE:BANC) for 2,618 shares. Hbk Invs Limited Partnership stated it has 0.02% in Banc of California, Inc. (NYSE:BANC). Thrivent For Lutherans reported 26,309 shares stake. Moreover, Second Curve Cap Ltd Liability Corporation has 1.14% invested in Banc of California, Inc. (NYSE:BANC) for 140,000 shares. Commercial Bank Of New York Mellon Corp has 0% invested in Banc of California, Inc. (NYSE:BANC) for 905,278 shares. First Tru Advsrs Lp holds 0% or 65,667 shares. Credit Suisse Ag reported 34,974 shares. 741,864 are owned by Penn Cap Mngmt. Vanguard Incorporated has invested 0% in Banc of California, Inc. (NYSE:BANC). State Of Tennessee Treasury Department holds 33,963 shares or 0% of its portfolio.

Since February 1, 2018, it had 1 insider purchase, and 0 insider sales for $386,000 activity.

Analysts expect Banc of California, Inc. (NYSE:BANC) to report $-0.06 EPS on May, 2.They anticipate $0.33 EPS change or 122.22 % from last quarter’s $0.27 EPS. After having $0.30 EPS previously, Banc of California, Inc.’s analysts see -120.00 % EPS growth. The stock decreased 0.53% or $0.1 during the last trading session, reaching $18.85. About 308,834 shares traded. Banc of California, Inc. (NYSE:BANC) has declined 9.16% since April 26, 2017 and is downtrending. It has underperformed by 20.71% the S&P500.

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

Among 7 analysts covering Banc of California (NYSE:BANC), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Banc of California had 13 analyst reports since October 26, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Friday, March 16 by Sandler O’Neill. B. Riley & Co downgraded Banc of California, Inc. (NYSE:BANC) on Thursday, February 1 to “Neutral” rating. The rating was downgraded by FBR Capital to “Hold” on Thursday, February 1. Piper Jaffray initiated Banc of California, Inc. (NYSE:BANC) rating on Thursday, December 21. Piper Jaffray has “Buy” rating and $26.0 target. Keefe Bruyette & Woods maintained the shares of BANC in report on Thursday, March 15 with “Hold” rating. Keefe Bruyette & Woods maintained Banc of California, Inc. (NYSE:BANC) rating on Monday, February 26. Keefe Bruyette & Woods has “Hold” rating and $22.0 target. The firm has “Underperform” rating by Bank of America given on Friday, April 6. Piper Jaffray maintained Banc of California, Inc. (NYSE:BANC) rating on Thursday, February 8. Piper Jaffray has “Buy” rating and $25.0 target. The stock of Banc of California, Inc. (NYSE:BANC) earned “Hold” rating by FBR Capital on Friday, March 16. Keefe Bruyette & Woods maintained it with “Hold” rating and $23.0 target in Thursday, December 21 report.

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 $953.58 million. It operates through Commercial Banking and Mortgage Banking divisions. It has a 26.51 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.

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

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