Banc of California Inc (BANC) Analysts See $0.19 EPS

September 17, 2017 - By Adrian Mccoy

 Banc of California Inc (BANC) Analysts See $0.19 EPS
Investors sentiment decreased to 0.95 in Q4 2016. Its down 0.20, from 1.15 in 2016Q3. It turned negative, as 51 investors sold Banc of California Inc 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.
Quantbot Technology Limited Partnership has invested 0.01% in Banc of California Inc (NYSE:BANC). Kennedy Mngmt holds 0.02% of its portfolio in Banc of California Inc (NYSE:BANC) for 49,921 shares. State Teachers Retirement System reported 0% in Banc of California Inc (NYSE:BANC). Ancora Advisors Lc stated it has 25,000 shares. Amer Grp accumulated 0% or 35,884 shares. Macquarie owns 121,100 shares or 0% of their US portfolio. Louisiana State Employees Retirement Systems accumulated 19,900 shares. Sterling Management Ltd Co has 49,853 shares for 0.01% of their portfolio. Nuveen Asset Ltd Com holds 0% in Banc of California Inc (NYSE:BANC) or 17,218 shares. State Common Retirement Fund holds 275,718 shares. Ajo Limited Partnership owns 242,649 shares. Asset accumulated 0.01% or 23,127 shares. Lombardia Cap Prtn Limited Co reported 477,699 shares. Blackrock Japan Ltd owns 362 shares. Envestnet Asset Inc holds 2,809 shares or 0% of its portfolio.

Wall Street await Banc of California Inc (NYSE:BANC) to release earnings on October, 18. Analysts forecast EPS of $0.19, down exactly $0.40 or 67.80 % from 2014’s $0.59 EPS. The expected BANC’s profit could reach $9.50M giving the stock 25.20 P/E in the case that $0.19 earnings per share is reported. After posting $0.20 EPS for the previous quarter, Banc of California Inc’s analysts now forecast -5.00 % negative EPS growth. The stock increased 1.46% or $0.27 on September 15, reaching $19.15. About 2.44 million 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.

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 had 16 analyst reports since November 9, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, May 4 by FBR Capital. Raymond James downgraded the shares of BANC in report on Monday, November 9 to “Mkt Perform” rating. The firm has “Mkt Perform” rating by FBR Capital given on Friday, July 1. The rating was upgraded by FBR Capital on Thursday, January 26 to “Outperform”. Raymond James upgraded Banc of California Inc (NYSE:BANC) on Wednesday, May 4 to “Outperform” rating. Keefe Bruyette & Woods maintained Banc of California Inc (NYSE:BANC) rating on Thursday, July 6. Keefe Bruyette & Woods has “Hold” rating and $2200 target. The company was initiated on Monday, May 2 by Wells Fargo. The stock of Banc of California Inc (NYSE:BANC) earned “Buy” rating by UBS on Monday, May 23. As per Thursday, October 20, the company rating was maintained by FBR Capital. Wood downgraded Banc of California Inc (NYSE:BANC) rating on Friday, May 5. Wood has “Market Perform” rating and $22 target.

Banc of California, Inc. is a financial holding company. The company has market cap of $957.77 million. The Firm is the parent of Banc of California, National Association . It has a 16.04 P/E ratio. The Firm operates through Commercial Banking; Mortgage Banking, and Corporate/Other divisions.

More notable recent Banc of California Inc (NYSE:BANC) news were published by: Thestreet.com which released: “Banc of California’s Slump Shows Activism Ain’t Always Great” on August 25, 2017, also Ocbj.com with their article: “Former Exec Sues Banc of California” published on September 06, 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: Nasdaq.com and their article: “Banc of California, Inc. (BANC) Ex-Dividend Date Scheduled for September 14, 2017” published on September 13, 2017 as well as Ocbj.com‘s news article titled: “Banc of California Hires CFO” with publication date: September 01, 2017.

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