Banc Of California Stock Today
| BANC Stock | USD 13.93 0.23 1.62% |
Performance7 of 100
| Odds Of DistressOver 53
|
Banc Of is trading at 13.93 as of the 16th of April 2024, a -1.62 percent decrease since the beginning of the trading day. The stock's open price was 14.16. Banc Of has 53 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Banc of California are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Banks | IPO Date 1st of October 2002 | Category Financial Services | Classification Financials |
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. Banc of California, Inc. was founded in 1941 and is headquartered in Santa Ana, California. The company has 157.62 M outstanding shares of which 9.22 M shares are currently shorted by private and institutional investors with about 3.7 trading days to cover. More on Banc of California
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Moving against Banc Stock
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Banc Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Banc Of's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Banc Of or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Jared Wolff | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Central African Gold Inc | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, SP Small-Cap 600, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Banc Of report their recommendations after researching Banc Of's financial statements, talking to executives and customers, or listening in on Banc Of's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Banc of California. The Banc consensus assessment is calculated by taking the average forecast from all of the analysts covering Banc Of. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators obtained from Banc Of's historical financial statements, Banc of California is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Banc of California is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Banc Of's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Banc Of's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Banc Of's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Banc Of's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Banc Of's financial leverage. It provides some insight into what part of Banc Of's total assets is financed by creditors.
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Banc of California (BANC) is traded on New York Stock Exchange in USA. It is located in 11611 San Vicente Boulevard, Los Angeles, CA, United States, 90049 and employs 2,304 people. Banc Of is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.2 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Banc Of's market, we take the total number of its shares issued and multiply it by Banc Of's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Banc of California conducts business under Banks sector and is part of Financials industry. The entity has 157.62 M outstanding shares of which 9.22 M shares are currently shorted by private and institutional investors with about 3.7 trading days to cover.
Banc of California currently holds about 256.06 M in cash with 127.31 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.26.
Check Banc Of Probability Of Bankruptcy
Ownership AllocationBanc Of holds a total of 157.62 Million outstanding shares. The majority of Banc of California outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Banc of California to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Banc Of. Please pay attention to any change in the institutional holdings of Banc of California as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Banc Ownership Details
Banc Stock Price Odds Analysis
What are Banc Of's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Banc Of jumping above the current price in 90 days from now is about 54.79%. The Banc of California probability density function shows the probability of Banc Of stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.1783 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Banc Of will likely underperform. Additionally, banc of California has an alpha of 0.0198, implying that it can generate a 0.0198 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Banc Of to move above the current price in 90 days from now is about 54.79 (This Banc of California probability density function shows the probability of Banc Stock to fall within a particular range of prices over 90 days) .
Banc Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Banc Of that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Banc Of's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Banc Of's value.| Instituion | Recorded On | Shares | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 2 M | |
| Amvescap Plc. | 2023-12-31 | 1.9 M | |
| William Blair Investment Management, Llc | 2023-12-31 | 1.8 M | |
| Kennedy Capital Management Inc | 2023-12-31 | 1.8 M | |
| Qube Research & Technologies | 2023-12-31 | 1.7 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 1.6 M | |
| Patriot Financial Partners Gp, Llc | 2023-12-31 | 1.5 M | |
| Endeavour Capital Advisors Inc | 2023-12-31 | 1.5 M | |
| Northern Trust Corp | 2023-12-31 | 1.4 M | |
| Blackrock Inc | 2023-12-31 | 19.9 M | |
| Warburg Pincus Llc | 2023-12-31 | 15.6 M |
Banc Of Historical Income Statement
Banc of California Income Statement is one of the three primary financial statements used for reporting Banc's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Banc of California revenue and expense. Banc Of Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Banc Of's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 1.6 B, whereas Operating Income is projected to grow to (12 M). View More FundamentalsBanc Stock Against Markets
Picking the right benchmark for Banc Of stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Banc Of stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Banc Of is critical whether you are bullish or bearish towards Banc of California at a given time. Please also check how Banc Of's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Banc Of without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Banc Of Corporate Directors
Banc Of corporate directors refer to members of a Banc Of board of directors. The board of directors generally takes responsibility for the Banc Of's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Banc Of's board members must vote for the resolution. The Banc Of board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Mary Curran | Independent Director | Profile | |
| Jonah Schnel | Independent Director | Profile | |
| Jeffrey Karish | Independent Director | Profile | |
| Barbara FallonWalsh | Independent Director | Profile |
How to buy Banc Stock?
Before investing in Banc Of, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Banc Of. To buy Banc Of stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Banc Of. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Banc Of stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Banc of California stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Banc of California stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Banc of California, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Banc Stock please use our How to Invest in Banc Of guide.
Already Invested in Banc of California?
The danger of trading Banc of California is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Banc Of is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Banc Of. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Banc of California is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Banc of California offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Banc Of's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Banc Of California Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Banc Of California Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Banc of California. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Banc Stock analysis
When running Banc Of's price analysis, check to measure Banc Of's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Banc Of is operating at the current time. Most of Banc Of's value examination focuses on studying past and present price action to predict the probability of Banc Of's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Banc Of's price. Additionally, you may evaluate how the addition of Banc Of to your portfolios can decrease your overall portfolio volatility.
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Is Banc Of's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Banc Of. If investors know Banc will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Banc Of listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.85 | Dividend Share 0.01 | Earnings Share (22.71) | Revenue Per Share 2.891 | Quarterly Revenue Growth (0.56) |
The market value of Banc of California is measured differently than its book value, which is the value of Banc that is recorded on the company's balance sheet. Investors also form their own opinion of Banc Of's value that differs from its market value or its book value, called intrinsic value, which is Banc Of's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Banc Of's market value can be influenced by many factors that don't directly affect Banc Of's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Banc Of's value and its price as these two are different measures arrived at by different means. Investors typically determine if Banc Of is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Banc Of's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.