Banc Of California Inc (NYSE:BANC) Institutional Investor Sentiment Analysis

June 14, 2018 - By Darrin Black

Sentiment for Banc Of California Inc (NYSE:BANC)

Banc Of California Inc (NYSE:BANC) institutional sentiment increased to 0.87 in 2018 Q1. Its up 0.09, from 0.78 in 2017Q4. The ratio is positive, as 67 investment managers started new and increased positions, while 77 sold and decreased stock positions in Banc Of California Inc. The investment managers in our partner’s database now hold: 56.66 million shares, up from 56.03 million shares in 2017Q4. Also, the number of investment managers holding Banc Of California Inc in their top 10 positions decreased from 6 to 4 for a decrease of 2. Sold All: 21 Reduced: 56 Increased: 51 New Position: 16.

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 $985.33 million. It operates through Commercial Banking and Mortgage Banking divisions. It has a 35.8 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.

The stock decreased 0.74% or $0.145 during the last trading session, reaching $19.475. About 133,393 shares traded. Banc of California, Inc. (NYSE:BANC) has declined 3.67% since June 14, 2017 and is downtrending. It has underperformed by 16.24% the S&P500.

Analysts await Banc of California, Inc. (NYSE:BANC) to report earnings on July, 25. They expect $0.21 earnings per share, up 5.00 % or $0.01 from last year’s $0.2 per share. BANC’s profit will be $10.62M for 23.18 P/E if the $0.21 EPS becomes a reality. After $0.05 actual earnings per share reported by Banc of California, Inc. for the previous quarter, Wall Street now forecasts 320.00 % EPS growth.

Patriot Financial Partners Gp Lp holds 32.49% of its portfolio in Banc of California, Inc. for 2.85 million shares. Pl Capital Advisors Llc owns 3.40 million shares or 18.39% of their US portfolio. Moreover, Second Curve Capital Llc has 4.61% invested in the company for 620,000 shares. The Texas-based Clover Partners L.P. has invested 3.99% in the stock. Forest Hill Capital Llc, a Arkansas-based fund reported 637,673 shares.

Since January 1, 0001, it had 1 insider buy, and 1 sale for $63,612 activity.

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

Ratings analysis reveals 43% of Banc of California’s analysts are positive. Out of 7 Wall Street analysts rating Banc of California, 3 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $20.0 while the high is $26.0. The stock’s average target of $23.20 is 19.13% above today’s ($19.475) share price. BANC was included in 12 notes of analysts from December 21, 2017. The firm has “Buy” rating by Sandler O’Neill given on Friday, March 16. The rating was downgraded by Bank of America on Friday, April 6 to “Underperform”. The firm has “Hold” rating by FBR Capital given on Thursday, February 1. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, March 15. Piper Jaffray initiated it with “Buy” rating and $26.0 target in Thursday, December 21 report. B. Riley & Co downgraded the shares of BANC in report on Thursday, February 1 to “Neutral” rating. The firm earned “Buy” rating on Thursday, February 8 by Piper Jaffray. FBR Capital maintained it with “Hold” rating and $20.0 target in Thursday, February 8 report. Keefe Bruyette & Woods maintained Banc of California, Inc. (NYSE:BANC) on Thursday, December 21 with “Hold” rating. The firm has “Hold” rating given on Friday, March 16 by FBR Capital.

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

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