Banc of California (BANC) Shares are Down -4.33%

Banc of California (BANC) : During the past 4 weeks, traders have been relatively bearish on Banc of California (BANC), hence the stock is down -21.81% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.49% relative to the S&P 500. The 4-week change in the price of the stock is -22.23% and the stock has fallen -4.33% in the past 1 week.

The stock has recorded a 20-day Moving Average of 13.39% and the 50-Day Moving Average is 18.12%.The 200 Day SMA reached 4.02%


Banc of California (NYSE:BANC): After opening at $17.32, the stock dipped to an intraday low of $17.11 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.52 and the buying power remained strong till the end. The stock closed at $17.46 for the day, a gain of 0.81% for the day session. The total traded volume was 1,215,362. The stocks close on the previous trading day was $17.46.

Banc of California (BANC) stock is expected to deviate a maximum of $2.97 from the average target price of $21.14 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $24 and the most muted being $16.

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.

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