Banc of California (BANC) : Traders are bullish on Banc of California (BANC) as it has outperformed the S&P 500 by a margin of 3.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.1% in the last 1 week, and is up 10.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Banc of California (NYSE:BANC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.82 and $19.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.83, notching a gain of 5.79% for the day. The total traded volume was 753,643 . The stock had closed at $19.69 on the previous day.
The stock has recorded a 20-day Moving Average of 10.91% and the 50-Day Moving Average is 8.23%. Banc of California, Inc. is up 4.36% in the last 3-month period. Year-to-Date the stock performance stands at 42.48%.
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.