FY2026 EPS Forecast for Banc of California Lifted by Analyst

Banc of California, Inc. (NYSE:BANC) – DA Davidson boosted their FY2026 earnings estimates for shares of Banc of California in a report released on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the bank will post earnings per share of $1.79 for the year, up from their prior estimate of $1.75. The consensus estimate for Banc of California’s current full-year earnings is $1.31 per share.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. began coverage on Banc of California in a report on Friday, February 7th. They issued a “neutral” rating and a $18.00 target price on the stock. StockNews.com raised shares of Banc of California from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Barclays dropped their price target on shares of Banc of California from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company raised Banc of California from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $17.00 to $20.00 in a research report on Monday, January 6th. Finally, Raymond James boosted their target price on Banc of California from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.18.

Banc of California Stock Down 5.0 %

Shares of Banc of California stock opened at $12.32 on Thursday. Banc of California has a 1 year low of $11.88 and a 1 year high of $18.08. The company has a market cap of $1.96 billion, a P/E ratio of 21.99 and a beta of 1.18. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $14.84 and a 200 day moving average price of $15.39.

Banc of California (NYSE:BANC) last released its earnings results on Thursday, January 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Banc of California had a return on equity of 6.20% and a net margin of 7.06%.

Hedge Funds Weigh In On Banc of California

A number of institutional investors have recently modified their holdings of BANC. PL Capital Advisors LLC increased its stake in shares of Banc of California by 1,446.0% in the fourth quarter. PL Capital Advisors LLC now owns 46,754,426 shares of the bank’s stock worth $722,823,000 after purchasing an additional 43,730,207 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Banc of California by 6.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,913,012 shares of the bank’s stock valued at $168,716,000 after buying an additional 644,330 shares during the last quarter. Wellington Management Group LLP increased its position in Banc of California by 274.6% in the 4th quarter. Wellington Management Group LLP now owns 5,393,076 shares of the bank’s stock worth $83,377,000 after buying an additional 3,953,380 shares during the period. Millennium Management LLC lifted its holdings in shares of Banc of California by 2,119.0% during the fourth quarter. Millennium Management LLC now owns 2,876,914 shares of the bank’s stock worth $44,477,000 after buying an additional 2,747,262 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Banc of California by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,556,614 shares of the bank’s stock valued at $39,525,000 after acquiring an additional 62,269 shares during the period. Institutional investors own 86.88% of the company’s stock.

Banc of California Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, March 14th. Banc of California’s payout ratio is 71.43%.

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.