Watching Banc of California Inc (BANC) For Insider Activity

Banc of California Inc (NYSE:BANC) finished Wednesday with an addition of $0.11 to close at $12.10, an upside of 0.92 percent. An average of 1,396,500 shares of common stock have been traded in the last five days. There was a fall of -$0.21 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,172,875 shares traded, while the 50-day average volume stands at 1,554,312.

BANC stock has decreased by -1.87% in the last month. The company shares reached their 1-month lowest point of $11.75 on 09/25/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $9.72 and a high of $18.26 in 52 weeks. It has reached a new high 12 times so far this year and lost -24.04% or -$3.83 in price. In spite of this, the price is down -33.73% from the 52-week high.

Top 5 AI Stocks to Buy for 2023

The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything. According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.

Click Here to Download the FREE Report.

Sponsored

Valuation Metrics

Banc of California Inc (BANC) has a trailing price-to-earnings (P/E) ratio of 8.58. The stock’s beta is 1.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.57, the price-to-book (PB) ratio at 0.73, and the price-to-cash flow ratio at 6.67.

The company has a payout ratio of 12.68%. The company’s most recent quarterly dividend payment was $0.10 a share, without any change from last year. Its latest increase dividend $0.04 reported on Monday February 13 2023.

Financial Health

Further, the company has a long term debt to equity ratio of 1.52 and a total debt to equity ratio of 1.52 for the quarter ending June 29. Its gross profit as reported stood at $314.37 million compared to revenue of $372.77 million.

Earnings Surprise

For the three-month period that ended June 29, Banc of California Inc had $1.15 billion in total debt. The analyst consensus anticipated Banc of California Inc’s latest quarter earnings to come in at $0.3 per share, but it turned out to be $0.31, a 3.30% surprise. At the end of the quarter ending June 29, Banc of California Inc’s stock balance sheet showed total debt was $1.46 billion. Shareholders own equity worth $57.43 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Banc of California Inc (BANC) price momentum. RSI 9-day as of the close on 27 September was 43.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.65%.

As of today, BANC’s price is $12.03 -1.71% or -$0.21 from its 5-day moving average. BANC is currently trading -3.74% lower than its 20-day SMA and +20.88% higher than its 100-day SMA. However, the stock’s current price level is -4.95% below the SMA50 and -24.09% below the SMA200.

The stochastic %K and %D were 27.73% and 21.50%, respectively, and the average true range (ATR) was 0.39. With the 14-day stochastic at 29.41% and the average true range at 0.41, the RSI (14) stands at 44.29%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.

Analyst Ratings

Keefe Bruyette downgraded Banc of California Inc (NYSE: BANC) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

Most Popular

Related Posts