Banc of California Inc (NYSE:BANC) announced a quarterly dividend on Friday, November 15th, Zacks reports. Stockholders of record on Wednesday, December 18th will be paid a dividend of 0.06 per share by the bank on Thursday, January 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, December 17th.

Shares of BANC traded up $0.04 during mid-day trading on Friday, reaching $16.30. The company’s stock had a trading volume of 275,296 shares, compared to its average volume of 286,055. The stock has a market cap of $827.36 million, a PE ratio of 33.27, a P/E/G ratio of 2.07 and a beta of 1.38. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. Banc of California has a 52 week low of $12.22 and a 52 week high of $17.66. The company’s fifty day moving average price is $14.90 and its two-hundred day moving average price is $14.41.

Banc of California (NYSE:BANC) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported ($0.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.68). The business had revenue of $62.10 million during the quarter, compared to the consensus estimate of $69.70 million. Banc of California had a return on equity of 7.67% and a net margin of 4.79%. The company’s revenue was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Research analysts anticipate that Banc of California will post 0.71 EPS for the current year.

In other news, CEO Jared M. Wolff bought 16,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average cost of $15.18 per share, with a total value of $250,470.00. Following the completion of the purchase, the chief executive officer now directly owns 152,872 shares in the company, valued at $2,320,596.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.06% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on BANC shares. Zacks Investment Research upgraded shares of Banc of California from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Sandler O’Neill lowered shares of Banc of California from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. ValuEngine lowered shares of Banc of California from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Raymond James lowered shares of Banc of California from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Six investment analysts have rated the stock with a hold rating, Banc of California currently has a consensus rating of “Hold” and an average target price of $15.50.

About Banc of California

Banc of California, Inc operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest and noninterest-bearing demand accounts, as well as certificates of deposits.

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Dividend History for Banc of California (NYSE:BANC)

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