Analysts See $0.19 EPS for Banc of California Inc (BANC)

September 17, 2017 - By Michael Collier

 Analysts See $0.19 EPS for Banc of California Inc (BANC)
Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.20, from 1.15 in 2016Q3. It worsened, as 51 investors sold Banc of California Inc shares while 49 reduced holdings. 34 funds opened positions while 61 raised stakes. 47.68 million shares or 4.91% more from 45.45 million shares in 2016Q3 were reported.
Alpha Cubed Investments Lc owns 13,001 shares or 0.05% of their US portfolio. State Of Tennessee Treasury Department has invested 0% of its portfolio in Banc of California Inc (NYSE:BANC). Redwood Invs has 0.83% invested in Banc of California Inc (NYSE:BANC). Public Sector Pension Investment Board invested 0.01% of its portfolio in Banc of California Inc (NYSE:BANC). Boston Partners, a Massachusetts-based fund reported 1.61M shares. New York-based Pinebridge Invs L P has invested 0.02% in Banc of California Inc (NYSE:BANC). Fisher Asset Limited Liability Company owns 82,758 shares. Ancora Advsrs has invested 0.03% in Banc of California Inc (NYSE:BANC). Hilton Cap Management Limited has 0.13% invested in Banc of California Inc (NYSE:BANC) for 36,791 shares. Clarivest Asset Limited Co stated it has 201,834 shares or 0.09% of all its holdings. Commercial Bank Of America Corp De reported 0% of its portfolio in Banc of California Inc (NYSE:BANC). Japan-based Blackrock Japan has invested 0% in Banc of California Inc (NYSE:BANC). Mount Lucas Mngmt Ltd Partnership has 104,393 shares for 0.34% of their portfolio. The Texas-based Dimensional Fund Advsrs Ltd Partnership has invested 0.02% in Banc of California Inc (NYSE:BANC). Ubs Asset Americas reported 10,800 shares or 0% of all its holdings.

Analysts await Banc of California Inc (NYSE:BANC) to report earnings on October, 18. They expect $0.19 earnings per share, down 67.80 % or $0.40 from last year’s $0.59 per share. BANC’s profit will be $9.50M for 25.20 P/E if the $0.19 EPS becomes a reality. After $0.20 actual earnings per share reported by Banc of California Inc for the previous quarter, Wall Street now forecasts -5.00 % negative EPS growth. The stock increased 1.46% or $0.27 on September 15, reaching $19.15. About 2.44M shares traded or 176.91% up from the average. Banc of California Inc (NYSE:BANC) has risen 6.54% since September 17, 2016 and is uptrending. It has underperformed by 10.16% the S&P500.

Banc of California Inc (NYSE:BANC) Ratings Coverage

Among 7 analysts covering Banc of California (NYSE:BANC), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Banc of California had 16 analyst reports since November 9, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Raymond James on Wednesday, May 4. UBS initiated Banc of California Inc (NYSE:BANC) on Monday, May 23 with “Buy” rating. Keefe Bruyette & Woods maintained Banc of California Inc (NYSE:BANC) rating on Monday, August 28. Keefe Bruyette & Woods has “Hold” rating and $20.0 target. FBR Capital maintained the stock with “Outperform” rating in Thursday, May 4 report. The firm has “Mkt Perform” rating given on Monday, November 9 by Raymond James. On Thursday, October 20 the stock rating was upgraded by DA Davidson to “Buy”. The stock has “Market Perform” rating by Wood on Friday, May 5. FBR Capital initiated Banc of California Inc (NYSE:BANC) rating on Friday, July 1. FBR Capital has “Mkt Perform” rating and $20 target. Keefe Bruyette & Woods maintained Banc of California Inc (NYSE:BANC) rating on Thursday, July 6. Keefe Bruyette & Woods has “Hold” rating and $2200 target. The stock of Banc of California Inc (NYSE:BANC) has “Mkt Perform” rating given on Thursday, October 20 by FBR Capital.

Banc of California, Inc. is a financial holding company. The company has market cap of $957.77 million. The Firm is the parent of Banc of California, National Association . It has a 16.04 P/E ratio. The Firm operates through Commercial Banking; Mortgage Banking, and Corporate/Other divisions.

More notable recent Banc of California Inc (NYSE:BANC) news were published by: Thestreet.com which released: “Banc of California’s Slump Shows Activism Ain’t Always Great” on August 25, 2017, also Nasdaq.com with their article: “Banc of California, Inc. (BANC) Ex-Dividend Date Scheduled for September 14, 2017” published on September 13, 2017, Ocbj.com published: “Former Exec Sues Banc of California” on September 06, 2017. More interesting news about Banc of California Inc (NYSE:BANC) were released by: Prnewswire.com and their article: “Banc of California Announces Hiring of Jason Pendergist as Executive Vice …” published on September 06, 2017 as well as Ocbj.com‘s news article titled: “Banc of California Hires CFO” with publication date: September 01, 2017.

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