10 Analysts Have This To Say About Banc of California

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Ratings for Banc of California BANC were provided by 10 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 2 8 0 0
Last 30D 0 1 1 0 0
1M Ago 0 0 4 0 0
2M Ago 0 1 2 0 0
3M Ago 0 0 1 0 0

In the assessment of 12-month price targets, analysts unveil insights for Banc of California, presenting an average target of $16.2, a high estimate of $19.00, and a low estimate of $15.00. Experiencing a 0.55% decline, the current average is now lower than the previous average price target of $16.29.

Breaking Down Analyst Ratings: A Detailed Examination

The perception of Banc of California by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Andrew Terrell Stephens & Co. Maintains Equal-Weight $16.00 -
Matthew Clark Piper Sandler Lowers Overweight $19.00 $20.00
Andrew Terrell Stephens & Co. Maintains Equal-Weight $16.00 -
Brandon King Truist Securities Lowers Hold $15.00 $16.00
Jared Shaw Barclays Lowers Equal-Weight $15.00 $16.00
David Chiaverini Wedbush Lowers Neutral $15.00 $16.00
Timur Braziler Wells Fargo Raises Equal-Weight $16.00 $14.00
Brandon King Truist Securities Maintains Hold $16.00 $16.00
Kelly Motta Keefe, Bruyette & Woods Raises Outperform $18.00 $16.00
Jared Shaw Barclays Announces Equal-Weight $16.00 -

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Banc of California. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Banc of California compared to the broader market.
  • Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Banc of California's stock. This examination reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Banc of California's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Banc of California analyst ratings.

About Banc of California

Banc of California Inc is a financial holding company. It offers banking and financial services. The company's services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California's diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate. The company has one reportable segment named Commercial banking.

Breaking Down Banc of California's Financial Performance

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Revenue Growth: Banc of California displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 9297.02%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.

Net Margin: Banc of California's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 10.5%, the company may face hurdles in effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.97%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Banc of California's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.08%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: Banc of California's debt-to-equity ratio stands notably higher than the industry average, reaching 1.06. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

The Core of Analyst Ratings: What Every Investor Should Know

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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