Banc of California (BANC) : Zacks Investment Research ranks Banc of California (BANC) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.5, which indicates as a Buy.
Banc of California (BANC) : Average target price received by Banc of California (BANC) is $21.14 with an expected standard deviation of $2.97. The most aggressive target on the stock is $24, whereas the most downbeat target is $16. 7 financial analysts are currently covering the stock.
Also, FBR Capital initiates coverage on Banc of California (NYSE:BANC) The current rating of the shares is Market Perform. The rating by the firm was issued on July 1, 2016.
Banc of California (NYSE:BANC): The stock opened in the green at $20.78 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $21.06 and a low of $20.63 for the day. The stock did not find buyers even at the lows and closed at $20.65 recording a loss of -0.43%. 619,057 shares exchanged hands during the trading day. The stock had closed at $20.74 in the previous days trading.
Banc of California, Inc. is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank), The Palisades Group, LLC (The Palisades Group) and PTB Property Holdings, LLC (PTB). The Company engages in activities permissible for bank holding companies and in other activities that are financial in nature or incidental or complementary to activities that are financial in nature, primarily securities, insurance and merchant banking activities. The Bank offers a variety of financial services to meet the banking and financial needs of the communities it serves, with operations conducted through 37 banking offices, serving San Diego, Los Angeles, and Orange counties, California and 67 loan production offices in California, Arizona, Oregon, Virginia, Indiana, Maryland, Colorado, Idaho, and Nevada.