Banc of California, Inc. (NYSE:BANC) is scheduled to be announcing its earnings results before the market opens on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.

Banc of California (NYSE:BANC) last announced its earnings results on Wednesday, May 3rd. The bank reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Banc of California had a net margin of 17.80% and a return on equity of 16.41%. The firm had revenue of $95.38 million for the quarter, compared to analyst estimates of $151.51 million. During the same period in the previous year, the company earned $0.36 EPS. On average, analysts expect Banc of California to post $1.14 EPS for the current fiscal year and $1.65 EPS for the next fiscal year.

Banc of California, Inc. (BANC) opened at 20.80 on Tuesday. Banc of California, Inc. has a one year low of $10.93 and a one year high of $23.25. The firm’s 50 day moving average price is $21.05 and its 200-day moving average price is $19.57. The firm has a market cap of $985.48 million, a PE ratio of 11.63 and a beta of 0.97.

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Tuesday, June 13th. Banc of California’s dividend payout ratio (DPR) is 29.05%.

BANC has been the topic of several research analyst reports. FBR & Co reissued a “buy” rating and set a $25.00 price target on shares of Banc of California in a research note on Wednesday, April 5th. Zacks Investment Research raised Banc of California from a “strong sell” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, July 11th. BidaskClub raised Banc of California from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods lowered Banc of California from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a research note on Thursday, May 4th. Finally, ValuEngine lowered Banc of California from a “buy” rating to a “hold” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Banc of California currently has an average rating of “Buy” and a consensus target price of $23.00.

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Banc of California Company Profile

Banc of California, Inc is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties.

Earnings History for Banc of California (NYSE:BANC)

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