The stock of Banc of California Inc (NYSE:BANC) last traded at $15.45, up 1.05% from the previous session.
BANC stock price is now 7.11% away from the 50-day moving average and 10.67% away from the 200-day moving average. The market capitalization of the company currently stands at $2.61B.
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With the price target of $15, Citigroup recently initiated with Neutral rating for Banc of California Inc (NYSE: BANC). On September 24, 2024, Wedbush Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $14 to quote $18, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, LASHLEY RICHARD J, Director sold 125,000 shares of the company’s stock on Sep 05 ’24. The stock was sold for $1,774,625 at an average price of $14.20. Upon completion of the transaction, the Director now directly owns 668,939 shares in the company, valued at $10.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, Director LASHLEY RICHARD J sold 75,000 shares of the business’s stock. A total of $1,050,300 was realized by selling the stock at an average price of $14.00. This leaves the insider owning 719,826 shares of the company worth $11.12 million. A total of 18.31% 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 $15.69. The fifty day moving average price for BANC is $14.4248 and a two-hundred day moving average price translates $13.9602 for the stock.
The latest earnings results from Banc of California Inc (NYSE: BANC) was released for 2024-09-30. The net profit margin was -28.69% and return on equity was -17.41% for BANC. The company reported revenue of $462.59 million for the quarter, compared to $539.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.32 percent.
