Banc Of California (BANC) Shares Rose While Pl Capital Advisors LLC Has Lifted by $17.59 Million Its Position

September 17, 2017 - By Hazel Jackson

Investors sentiment decreased to 0.95 in Q4 2016. Its down 0.20, from 1.15 in 2016Q3. It worsened, as 51 investors sold BANC shares while 49 reduced holdings. 34 funds opened positions while 61 raised stakes. 47.68 million shares or 4.91% more from 45.45 million shares in 2016Q3 were reported. 13,303 were reported by Blackrock. 63,197 are owned by Next Fincl Gru. Advsr Asset Management Inc accumulated 23,127 shares. California Public Employees Retirement Sys has 0% invested in Banc of California Inc (NYSE:BANC). Riverhead Ltd Liability Co holds 0% in Banc of California Inc (NYSE:BANC) or 1,500 shares. Tower Rech Limited (Trc) holds 0% or 208 shares in its portfolio. Ajo Lp owns 242,649 shares. Pacific Alternative Asset Mgmt Ltd Com has invested 0.8% of its portfolio in Banc of California Inc (NYSE:BANC). State Street owns 0% invested in Banc of California Inc (NYSE:BANC) for 2.85M shares. Connor Clark & Lunn Investment Mgmt Ltd holds 0.01% or 79,792 shares in its portfolio. Signalpoint Asset Management Ltd has 27,088 shares for 0.12% of their portfolio. Metropolitan Life Insur Communications New York accumulated 35,363 shares or 0% of the stock. 35,884 were accumulated by Amer Group. Us Bancorporation De invested in 0% or 1,212 shares. 683 Cap Limited Company, a New York-based fund reported 400,500 shares.

Pl Capital Advisors Llc increased its stake in Banc Of California (BANC) by 43.72% based on its latest 2016Q4 regulatory filing with the SEC. Pl Capital Advisors Llc bought 1.03 million shares as the company’s stock rose 1.76% with the market. The institutional investor held 3.40 million shares of the finance company at the end of 2016Q4, valued at $59.02M, up from 2.37M at the end of the previous reported quarter. Pl Capital Advisors Llc who had been investing in Banc Of California for a number of months, seems to be bullish on the $957.77M market cap company. The stock increased 1.46% or $0.27 on September 15, reaching $19.15. About 2.44M shares traded or 176.91% up from the average. Banc of California Inc (NYSE:BANC) has risen 6.54% since September 17, 2016 and is uptrending. It has underperformed by 10.16% the S&P500.

More notable recent Banc of California Inc (NYSE:BANC) news were published by: Nasdaq.com which released: “Banc of California, Inc. (BANC) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017, also Thestreet.com with their article: “Banc of California’s Slump Shows Activism Ain’t Always Great” published on August 25, 2017, Prnewswire.com published: “Banc of California Announces Hiring of Jason Pendergist as Executive Vice …” on September 06, 2017. More interesting news about Banc of California Inc (NYSE:BANC) were released by: Prnewswire.com and their article: “Banc of California Announces Hiring of John A. Bogler as Chief Financial Officer” published on August 31, 2017 as well as Ocbj.com‘s news article titled: “Banc of California Hires CFO” with publication date: September 01, 2017.

Banc of California Inc (NYSE:BANC) Ratings Coverage

Among 7 analysts covering Banc of California (NYSE:BANC), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Banc of California has $24 highest and $16 lowest target. $21.40’s average target is 11.75% above currents $19.15 stock price. Banc of California had 16 analyst reports since November 9, 2015 according to SRatingsIntel. The company was maintained on Thursday, May 4 by FBR Capital. The firm earned “Outperform” rating on Monday, May 2 by Wells Fargo. Keefe Bruyette & Woods maintained Banc of California Inc (NYSE:BANC) rating on Monday, August 28. Keefe Bruyette & Woods has “Hold” rating and $20.0 target. The rating was downgraded by Raymond James on Monday, November 9 to “Mkt Perform”. As per Thursday, January 26, the company rating was upgraded by FBR Capital. The firm has “Buy” rating by DA Davidson given on Thursday, October 20. The firm earned “Outperform” rating on Tuesday, April 11 by Wells Fargo. The firm has “Outperform” rating given on Wednesday, May 4 by Raymond James. The firm has “Buy” rating by UBS given on Monday, May 23. Keefe Bruyette & Woods maintained Banc of California Inc (NYSE:BANC) on Monday, June 5 with “Hold” rating.

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