James Andrew Barker Purchases 10,000 Shares of Banc of California, Inc. (NYSE:BANC) Stock

Banc of California, Inc. (NYSE:BANCGet Free Report) Director James Andrew Barker purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were bought at an average cost of $13.16 per share, with a total value of $131,600.00. Following the transaction, the director now directly owns 159,680 shares of the company’s stock, valued at approximately $2,101,388.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

James Andrew Barker also recently made the following trade(s):

  • On Tuesday, December 12th, James Andrew Barker purchased 10,000 shares of Banc of California stock. The shares were bought at an average cost of $12.32 per share, with a total value of $123,200.00.

Banc of California Stock Up 1.9 %

Shares of BANC stock traded up $0.25 on Wednesday, hitting $13.39. The stock had a trading volume of 1,738,321 shares, compared to its average volume of 2,744,556. The firm has a market capitalization of $769.12 million, a price-to-earnings ratio of -4.24 and a beta of 1.16. The stock’s 50 day moving average is $13.27 and its 200-day moving average is $12.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.90. Banc of California, Inc. has a 52-week low of $9.72 and a 52-week high of $18.24.

Banc of California (NYSE:BANCGet Free Report) last announced its earnings results on Thursday, January 25th. The bank reported ($4.55) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($4.27). The firm had revenue of $193.06 million during the quarter, compared to analysts’ expectations of $163.11 million. Banc of California had a negative net margin of 44.04% and a positive return on equity of 1.14%. During the same quarter last year, the company posted $0.45 earnings per share. As a group, research analysts expect that Banc of California, Inc. will post 1.59 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 Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.99%. Banc of California’s dividend payout ratio (DPR) is -12.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BANC shares. StockNews.com started coverage on shares of Banc of California in a research report on Monday, January 29th. They issued a “hold” rating for the company. Wedbush increased their price objective on shares of Banc of California from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Finally, Truist Financial increased their price objective on shares of Banc of California from $13.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Banc of California has a consensus rating of “Hold” and an average target price of $16.50.

Get Our Latest Report on BANC

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BANC. JPMorgan Chase & Co. boosted its holdings in shares of Banc of California by 43.0% in the first quarter. JPMorgan Chase & Co. now owns 227,875 shares of the bank’s stock worth $4,412,000 after buying an additional 68,518 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Banc of California by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 583,011 shares of the bank’s stock worth $11,286,000 after buying an additional 8,380 shares during the period. American Century Companies Inc. boosted its holdings in shares of Banc of California by 51.3% in the first quarter. American Century Companies Inc. now owns 34,077 shares of the bank’s stock worth $660,000 after buying an additional 11,557 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Banc of California in the first quarter worth about $225,000. Finally, Citigroup Inc. boosted its holdings in shares of Banc of California by 12.3% in the first quarter. Citigroup Inc. now owns 47,942 shares of the bank’s stock worth $928,000 after buying an additional 5,255 shares during the period. 88.55% of the stock is currently owned by institutional investors.

Banc of California Company Profile

(Get Free Report)

Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services to small and medium-size businesses in California. It offers personal banking products and services, including checking account, debit Mastercard, certificates of deposit, and savings and money market accounts, as well as online and mobile banking services; personal credit cards; and specialty banking services.

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Insider Buying and Selling by Quarter for Banc of California (NYSE:BANC)

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