Banc of California, Inc. to Post Q1 2025 Earnings of $0.53 Per Share, Wedbush Forecasts (NYSE:BANC)

Banc of California, Inc. (NYSE:BANC) – Equities researchers at Wedbush issued their Q1 2025 earnings per share estimates for shares of Banc of California in a research note issued on Wednesday, March 27th. Wedbush analyst D. Chiaverini forecasts that the bank will post earnings of $0.53 per share for the quarter. Wedbush has a “Neutral” rating and a $16.00 price objective on the stock. The consensus estimate for Banc of California’s current full-year earnings is $1.66 per share. Wedbush also issued estimates for Banc of California’s Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.56 EPS and Q4 2025 earnings at $0.57 EPS.

Other analysts have also issued research reports about the company. StockNews.com began coverage on Banc of California in a report on Monday, January 29th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods raised shares of Banc of California from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $16.00 to $18.00 in a research note on Friday, March 22nd. Truist Financial boosted their price target on shares of Banc of California from $13.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Finally, Barclays began coverage on shares of Banc of California in a report on Friday, March 8th. They set an “equal weight” rating and a $16.00 price target for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Banc of California has an average rating of “Hold” and a consensus target price of $16.71.

Banc of California Stock Up 4.9 %

BANC stock opened at $15.18 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Banc of California has a 1-year low of $9.72 and a 1-year high of $16.08. The stock has a market cap of $2.39 billion, a P/E ratio of -4.80 and a beta of 1.14. The stock’s fifty day simple moving average is $14.14 and its two-hundred day simple moving average is $13.03.

Banc of California (NYSE:BANC) last posted its quarterly earnings results on Thursday, January 25th. The bank reported ($4.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($4.27). The company had revenue of $193.06 million during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $0.45 earnings per share.

Banc of California Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, March 14th. Banc of California’s dividend payout ratio is currently -12.66%.

Insiders Place Their Bets

In related news, insider Robert G. Dyck sold 10,000 shares of Banc of California stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $14.97, for a total value of $149,700.00. Following the completion of the transaction, the insider now directly owns 24,979 shares in the company, valued at $373,935.63. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Banc of California

Several large investors have recently made changes to their positions in BANC. Versant Capital Management Inc grew its stake in Banc of California by 2,466.2% in the 4th quarter. Versant Capital Management Inc now owns 1,899 shares of the bank’s stock valued at $26,000 after buying an additional 1,825 shares during the last quarter. Lee Financial Co acquired a new position in shares of Banc of California in the 4th quarter worth approximately $40,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Banc of California in the 4th quarter worth $41,000. Anchor Investment Management LLC purchased a new stake in Banc of California during the fourth quarter valued at about $44,000. Finally, Avior Wealth Management LLC bought a new position in Banc of California during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 86.88% of the company’s stock.

Banc of California Company Profile

Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes.