The stock of Banc of California Inc (NYSE:BANC) last traded at $12.38, up 1.64% from the previous session.
BANC stock price is now -9.82% away from the 50-day moving average and -6.82% away from the 200-day moving average. The market capitalization of the company currently stands at $2.08B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $16 to $18, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Banc of California Inc (NYSE: BANC). On March 08, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $16, while ‘Truist’ rates the stock as ‘Hold’
In other news, WOLFF JARED M, PRESIDENT AND CEO bought 7,130 shares of the company’s stock on Apr 25 ’24. The stock was bought for $99,677 at an average price of $13.98. Upon completion of the transaction, the PRESIDENT AND CEO now directly owns 268,695 shares in the company, valued at $3.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, Director LASHLEY RICHARD J bought 7,500 shares of the business’s stock. A total of $108,562 was incurred on buying the stock at an average price of $14.47. This leaves the insider owning 2,485,643 shares of the company worth $30.77 million. A total of 18.44% of the company’s stock is owned by insiders.
During the past 12 months, Banc of California Inc has had a low of $9.96 and a high of $16.08. The fifty day moving average price for BANC is $13.6992 and a two-hundred day moving average price translates $13.28515 for the stock.
The latest earnings results from Banc of California Inc (NYSE: BANC) was released for 2024-03-31. The net profit margin was -50.05% and return on equity was -18.00% for BANC. The company reported revenue of $478.7 million for the quarter, compared to $517.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.55 percent.
