News headlines about Banc of California (NYSE:BANC) have trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Banc of California earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.071943210729 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Banc of California Inc (BANC) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Banc of California, Inc. (BANC) Touches $21.28 Formed H&S; Hanmi Financial (HAFC) Had 3 Bullish Analysts – Screen Gonzo (screengonzo.com)
- Banc of California Announces Schedule of Fourth Quarter and Full … – PR Newswire (press release) (prnewswire.com)
- Was Banc of California Inc’s (NYSE:BANC) Earnings Growth Better Than The Industry’s? (finance.yahoo.com)
- Banc of California Announces Schedule of Fourth Quarter and Full Year 2017 Earnings Release and Conference Call (finance.yahoo.com)
Banc of California (NYSE:BANC) opened at $21.70 on Friday. The company has a market capitalization of $1,096.63, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.51 and a beta of 0.97. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.91 and a quick ratio of 0.91. Banc of California has a 12-month low of $14.40 and a 12-month high of $23.40.
Banc of California (NYSE:BANC) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company had revenue of $93.40 million for the quarter, compared to the consensus estimate of $84.24 million. Banc of California had a return on equity of 11.78% and a net margin of 15.48%. During the same quarter in the prior year, the company posted $0.59 EPS. equities research analysts expect that Banc of California will post 0.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, December 14th. Banc of California’s dividend payout ratio (DPR) is presently 45.61%.
Several equities analysts have recently weighed in on the company. ValuEngine raised Banc of California from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub raised Banc of California from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Banc of California from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, January 1st. Piper Jaffray Companies assumed coverage on Banc of California in a research report on Thursday, December 21st. They set an “overweight” rating and a $26.00 target price on the stock. Finally, FBR & Co reissued a “buy” rating and set a $24.00 target price on shares of Banc of California in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Banc of California currently has an average rating of “Buy” and an average target price of $23.50.
Banc of California Company Profile
Banc of California, Inc is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties.
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