A number of firms have modified their ratings and price targets on shares of Banc of California (NYSE: BANC) recently:
- 8/10/2026 – Banc of California is now covered by Wells Fargo & Company. They set an “overweight” rating and a $23.00 price target on the stock.
- 8/7/2026 – Banc of California was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
- 8/7/2026 – Banc of California was upgraded by Wells Fargo & Company to “strong-buy”.
- 8/3/2026 – Banc of California had its price target lowered by Barclays PLC from $23.00 to $22.00. They now have an “overweight” rating on the stock.
- 7/31/2026 – Banc of California had its price target lowered by Citigroup Inc. from $23.50 to $22.00. They now have a “buy” rating on the stock.
- 7/30/2026 – Banc of California was downgraded by Brean Capital from “buy” to “neutral”.
- 7/6/2026 – Banc of California had its price target raised by Wells Fargo & Company from $22.00 to $23.00. They now have an “overweight” rating on the stock.
- 7/1/2026 – Banc of California had its price target raised by JPMorgan Chase & Co. from $22.00 to $24.00. They now have an “overweight” rating on the stock.
Banc of California Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Banc of California’s dividend payout ratio (DPR) is -114.29%.
Insider Activity
In other news, insider Olivia I. Lindsay sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $19.50, for a total transaction of $117,000.00. Following the completion of the sale, the insider directly owned 32,842 shares in the company, valued at $640,419. This represents a 15.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.78% of the stock is owned by corporate insiders.
Banc of California, N.A. is a full-service commercial bank headquartered in Santa Ana, California, offering a broad spectrum of banking products and services to corporate and individual customers. The bank focuses on serving middle-market businesses, professional service firms, real estate investors and developers, and entrepreneurs throughout California. Its core offerings include deposit accounts, treasury management services, commercial real estate lending, equipment finance, lines of credit and Small Business Administration lending, complemented by cash management and online banking solutions.
Operating a network of branches and lending offices concentrated in both Southern and Northern California, Banc of California seeks to support local businesses and communities with personalized service and regional expertise.
Featured Stories
- Five stocks we like better than Banc of California
- Joint Operations: Curaleaf Makes a Play for Aurora Cannabis
- Cerebras Sells Off After Earnings: Is This a Market Disconnection?
- Is Lockheed Martin Gearing Up to Lead Defense Stocks?
- Inside Teledyne’s Bold Bet on the Future of Medical Imaging
Receive News & Ratings for Banc of California Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banc of California Inc and related companies with MarketBeat.com's FREE daily email newsletter.
