Q1 EPS Forecast for Banc of California Lowered by Analyst

Banc of California, Inc. (NYSE:BANC) – Equities research analysts at Wedbush reduced their Q1 2025 earnings per share estimates for Banc of California in a research report issued on Wednesday, October 23rd. Wedbush analyst D. Chiaverini now expects that the bank will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.29. Wedbush currently has a “Outperform” rating and a $19.00 price target on the stock. The consensus estimate for Banc of California’s current full-year earnings is $0.61 per share. Wedbush also issued estimates for Banc of California’s Q4 2025 earnings at $0.39 EPS and FY2026 earnings at $1.60 EPS.

Banc of California (NYSE:BANC) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.11. Banc of California had a positive return on equity of 2.93% and a negative net margin of 20.75%. The business had revenue of $431.44 million during the quarter, compared to analyst estimates of $229.46 million. During the same period in the prior year, the company earned $0.30 earnings per share.

Other equities analysts have also issued reports about the company. Barclays raised their price target on Banc of California from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday. Keefe, Bruyette & Woods reduced their target price on Banc of California from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, July 9th. Truist Financial increased their price target on shares of Banc of California from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Friday, September 20th. DA Davidson boosted their price objective on shares of Banc of California from $16.50 to $19.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Citigroup initiated coverage on shares of Banc of California in a research note on Thursday, October 10th. They issued a “neutral” rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.20.

Banc of California Price Performance

NYSE BANC opened at $15.22 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.42 billion, a PE ratio of -3.56 and a beta of 1.14. Banc of California has a 52 week low of $10.53 and a 52 week high of $15.69. The firm’s 50-day simple moving average is $14.47 and its two-hundred day simple moving average is $13.90.

Banc of California Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Monday, September 16th. Banc of California’s dividend payout ratio is -9.37%.

Insider Buying and Selling

In other Banc of California news, Director Richard J. Lashley sold 75,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.00, for a total value of $1,050,000.00. Following the transaction, the director now owns 719,826 shares in the company, valued at approximately $10,077,564. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Banc of California by 17.6% during the 1st quarter. Vanguard Group Inc. now owns 10,597,751 shares of the bank’s stock worth $161,192,000 after acquiring an additional 1,582,941 shares during the period. PL Capital Advisors LLC raised its holdings in Banc of California by 0.7% in the first quarter. PL Capital Advisors LLC now owns 3,224,219 shares of the bank’s stock worth $49,040,000 after purchasing an additional 22,500 shares in the last quarter. American Century Companies Inc. lifted its position in Banc of California by 25.9% during the second quarter. American Century Companies Inc. now owns 3,222,376 shares of the bank’s stock valued at $41,182,000 after buying an additional 663,061 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Banc of California by 42.1% during the 1st quarter. William Blair Investment Management LLC now owns 2,575,930 shares of the bank’s stock valued at $39,180,000 after buying an additional 762,959 shares in the last quarter. Finally, Senator Investment Group LP grew its position in shares of Banc of California by 13.8% in the 1st quarter. Senator Investment Group LP now owns 2,445,685 shares of the bank’s stock worth $37,199,000 after buying an additional 297,097 shares during the period. 86.88% of the stock is currently owned by institutional investors.

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.