Analysts Offer Predictions for Banc of California, Inc.’s Q1 2025 Earnings (NYSE:BANC)

Banc of California, Inc. (NYSE:BANC) – Equities researchers at Wedbush issued their Q1 2025 earnings per share (EPS) estimates for shares of Banc of California in a report released on Wednesday, March 27th. Wedbush analyst D. Chiaverini anticipates that the bank will post earnings per share of $0.53 for the quarter. Wedbush has a “Neutral” rating and a $16.00 price target 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.

Several other research firms also recently weighed in on BANC. StockNews.com assumed coverage on shares of Banc of California in a report on Monday, January 29th. They set a “hold” rating for the company. Keefe, Bruyette & Woods raised Banc of California from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $16.00 to $18.00 in a research report on Friday, March 22nd. Barclays initiated coverage on Banc of California in a research report on Friday, March 8th. They set an “equal weight” rating and a $16.00 target price on the stock. Finally, Truist Financial lifted their target price on Banc of California from $13.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, January 30th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.71.

Banc of California Trading Up 4.9 %

Shares of BANC stock opened at $15.18 on Thursday. Banc of California has a 1-year low of $9.72 and a 1-year high of $16.08. The firm has a market cap of $2.39 billion, a PE ratio of -4.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.89. The company has a 50-day moving average of $14.14 and a two-hundred day moving average of $13.03.

Banc of California (NYSE:BANC) last released its 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). Banc of California had a positive return on equity of 1.14% and a negative net margin of 44.04%. The business had revenue of $193.06 million during the quarter, compared to analysts’ expectations of $163.11 million. During the same quarter in the previous year, the business earned $0.45 EPS.

Institutional Investors Weigh In On Banc of California

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in Banc of California by 3.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,021 shares of the bank’s stock worth $367,000 after buying an additional 829 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Banc of California by 4.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,435 shares of the bank’s stock worth $303,000 after purchasing an additional 955 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Banc of California by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 18,167 shares of the bank’s stock worth $210,000 after acquiring an additional 980 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Banc of California by 14.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,649 shares of the bank’s stock valued at $122,000 after buying an additional 994 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Banc of California by 34.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,148 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,067 shares during the period. Institutional investors own 86.88% of the company’s stock.

Insiders Place Their Bets

In other Banc of California news, insider Robert G. Dyck sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $14.97, for a total value of $149,700.00. Following the sale, the insider now directly owns 24,979 shares in the company, valued at $373,935.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.37% of the company’s stock.

Banc of California Dividend Announcement

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

About Banc of California

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.