On Monday, Banc of California Inc (NYSE: BANC) opened lower -2.35% from the last session, before settling in for the closing price of $15.30. Price fluctuations for BANC have ranged from $11.10 to $16.01 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Financial Sector giant was 77.31%. Company’s average yearly earnings per share was noted 102.03% at the time writing. With a float of $137.99 million, this company’s outstanding shares have now reached $156.79 million.
Let’s determine the extent of company efficiency that accounts for 2304 employees. In terms of profitability, gross margin is 83.59%, operating margin of -18.05%, and the pretax margin is -36.97%.
Banc of California Inc (BANC) Insider Activity
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Banc of California Inc is 18.31%, while institutional ownership is 81.70%. The most recent insider transaction that took place on Sep 05 ’24, was worth 1,774,625. In this transaction Director of this company sold 125,000 shares at a rate of $14.20, taking the stock ownership to the 668,939 shares. Before that another transaction happened on Sep 04 ’24, when Company’s Director sold 75,000 for $14.00, making the entire transaction worth $1,050,300. This insider now owns 719,826 shares in total.
Banc of California Inc (BANC) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 102.03% per share during the next fiscal year.
Banc of California Inc (NYSE: BANC) Trading Performance Indicators
Check out the current performance indicators for Banc of California Inc (BANC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.67. Likewise, its price to free cash flow for the trailing twelve months is 132.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.31, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.30 in one year’s time.
Technical Analysis of Banc of California Inc (BANC)
Looking closely at Banc of California Inc (NYSE: BANC), its last 5-days average volume was 1.93 million, which is a drop from its year-to-date volume of 2.32 million. As of the previous 9 days, the stock’s Stochastic %D was 33.48%. Additionally, its Average True Range was 0.46.
During the past 100 days, Banc of California Inc’s (BANC) raw stochastic average was set at 74.09%, which indicates a significant increase from 23.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.57% in the past 14 days, which was lower than the 38.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.62, while its 200-day Moving Average is $14.06. However, in the short run, Banc of California Inc’s stock first resistance to watch stands at $15.21. Second resistance stands at $15.49. The third major resistance level sits at $15.71. If the price goes on to break the first support level at $14.72, it is likely to go to the next support level at $14.50. Should the price break the second support level, the third support level stands at $14.22.
Banc of California Inc (NYSE: BANC) Key Stats
There are currently 158,781K shares outstanding in the company with a market cap of 2.51 billion. Presently, the company’s annual sales total 1,523 M according to its annual income of -1,899 M. Last quarter, the company’s sales amounted to 431,440 K and its income totaled 8,780 K.
