Banc of California, Inc. (NYSE:BANC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of Banc of California, Inc. (NYSE:BANCFree Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,147 shares of the bank’s stock after selling 871 shares during the period. Yousif Capital Management LLC’s holdings in Banc of California were worth $806,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BANC. KBC Group NV increased its stake in Banc of California by 71.0% in the 4th quarter. KBC Group NV now owns 7,286 shares of the bank’s stock valued at $113,000 after purchasing an additional 3,026 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Banc of California during the third quarter valued at approximately $158,000. Sanctuary Advisors LLC purchased a new position in Banc of California in the 3rd quarter valued at about $167,000. EMC Capital Management increased its stake in shares of Banc of California by 4,319.8% in the fourth quarter. EMC Capital Management now owns 15,425 shares of the bank’s stock worth $238,000 after buying an additional 15,076 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in Banc of California by 4.5% during the 3rd quarter. World Investment Advisors LLC now owns 18,082 shares of the bank’s stock worth $266,000 after buying an additional 779 shares during the last quarter. 86.88% of the stock is owned by institutional investors and hedge funds.

Banc of California Stock Performance

Banc of California stock opened at $15.59 on Friday. Banc of California, Inc. has a 1 year low of $11.88 and a 1 year high of $18.08. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.48 billion, a PE ratio of 27.84 and a beta of 1.14. The company’s 50-day moving average is $15.92 and its two-hundred day moving average is $15.27.

Banc of California (NYSE:BANCGet Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Banc of California had a return on equity of 6.20% and a net margin of 7.06%. Equities analysts anticipate that Banc of California, Inc. will post 1.33 earnings per share for the current year.

Banc of California Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, March 14th. Banc of California’s dividend payout ratio is currently 71.43%.

Analysts Set New Price Targets

BANC has been the topic of a number of recent research reports. Barclays cut their target price on Banc of California from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company raised Banc of California from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $17.00 to $20.00 in a research note on Monday, January 6th. StockNews.com raised shares of Banc of California from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. assumed coverage on Banc of California in a research report on Friday, February 7th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, DA Davidson lifted their price target on shares of Banc of California from $16.50 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.18.

Get Our Latest Analysis on Banc of California

About Banc of California

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Banc of California (NYSE:BANC)

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