Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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10 analysts have shared their evaluations of Banc of California (NYSE:BANC) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 1 | 1 | 8 | 0 | 0 |
Last 30D | 0 | 0 | 1 | 0 | 0 |
1M Ago | 0 | 0 | 0 | 0 | 0 |
2M Ago | 1 | 1 | 2 | 0 | 0 |
3M Ago | 0 | 0 | 5 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $15.75, a high estimate of $19.00, and a low estimate of $13.00. This current average represents a 4.55% decrease from the previous average price target of $16.50.
In examining recent analyst actions, we gain insights into how financial experts perceive Banc of California. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Brandon King | Truist Securities | Lowers | Hold | $13.00 | $15.00 |
Gary Tenner | DA Davidson | Lowers | Buy | $17.50 | $20.00 |
Andrew Terrell | Stephens & Co. | Lowers | Equal-Weight | $15.00 | $16.00 |
Andrew Terrell | Stephens & Co. | Maintains | Equal-Weight | $16.00 | $16.00 |
Matthew Clark | Piper Sandler | Lowers | Overweight | $19.00 | $20.00 |
Andrew Terrell | Stephens & Co. | Maintains | Equal-Weight | $16.00 | $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 |
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Banc of California's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Banc of California analyst ratings.
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.
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Banc of California's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -16.4% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Banc of California's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 8.09%, 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 0.72%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.06%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Banc of California's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.06, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: BANC