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.
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.
