Q1 2025 EPS Estimates for Banc of California, Inc. (NYSE:BANC) Reduced by Analyst

Banc of California, Inc. (NYSE:BANC) – Analysts at Wedbush cut their Q1 2025 EPS estimates for Banc of California in a note issued to investors on Tuesday, September 24th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $0.29 for the quarter, down from their previous forecast of $0.32. Wedbush currently has a “Outperform” rating and a $18.00 target price on the stock. The consensus estimate for Banc of California’s current full-year earnings is $0.59 per share. Wedbush also issued estimates for Banc of California’s Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.33 EPS and FY2025 earnings at $1.30 EPS.

A number of other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Banc of California from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, July 9th. Stephens reaffirmed an “equal weight” rating and set a $14.00 price objective on shares of Banc of California in a research report on Wednesday, September 4th. Raymond James upgraded shares of Banc of California from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Tuesday, September 17th. Wells Fargo & Company lowered their price target on shares of Banc of California from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 9th. Finally, Truist Financial upped their price target on shares of Banc of California from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.28.

Banc of California Stock Up 1.3 %

NYSE:BANC opened at $15.03 on Wednesday. The business’s fifty day moving average price is $13.96 and its 200 day moving average price is $13.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.83. Banc of California has a 1-year low of $9.96 and a 1-year high of $15.54.

Banc of California (NYSE:BANC) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.09). The firm had revenue of $492.38 million for the quarter, compared to analysts’ expectations of $271.42 million. Banc of California had a positive return on equity of 2.12% and a negative net margin of 21.99%. During the same quarter in the previous year, the firm posted $0.32 earnings per share.

Institutional Investors Weigh In On Banc of California

A number of hedge funds have recently bought and sold shares of BANC. Riverview Trust Co acquired a new position in shares of Banc of California during the 1st quarter worth about $29,000. Future Financial Wealth Managment LLC acquired a new position in shares of Banc of California during the first quarter worth approximately $30,000. Fifth Third Bancorp boosted its position in shares of Banc of California by 146.3% in the second quarter. Fifth Third Bancorp now owns 2,143 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,273 shares during the period. LifeSteps Financial Inc. acquired a new stake in shares of Banc of California in the first quarter worth $60,000. Finally, Mendon Capital Advisors Corp bought a new position in Banc of California during the second quarter worth $102,000. 86.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Richard J. Lashley sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $14.00, for a total value of $1,050,000.00. Following the transaction, the director now directly owns 719,826 shares of the company’s stock, valued at approximately $10,077,564. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.37% of the company’s stock.

Banc of California Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.40 annualized dividend and a yield of 2.66%. Banc of California’s dividend payout ratio (DPR) is currently -12.01%.

About Banc of California

Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes.