EPS for Banc of California Inc (BANC) Expected At $0.19

September 17, 2017 - By Kurt Siggers

 EPS for Banc of California Inc (BANC) Expected At $0.19
Investors sentiment decreased to 0.95 in Q4 2016. 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.
Ohio-based Randolph Incorporated has invested 1.26% in Banc of California Inc (NYSE:BANC). United Kingdom-based Old Mutual Glob (Uk) Ltd has invested 0.03% in Banc of California Inc (NYSE:BANC). Reilly Advsrs Lc reported 0% stake. New York State Teachers Retirement owns 27,550 shares for 0% of their portfolio. Lombardia Capital Limited Liability reported 477,699 shares. Parametric Portfolio Ltd Llc owns 92,343 shares. Stoneridge Inv Ptnrs Limited Company stated it has 114,493 shares. 24,825 were reported by First Trust Ltd Partnership. Glenmede Com Na reported 146 shares or 0% of all its holdings. State Of Tennessee Treasury Department stated it has 0% in Banc of California Inc (NYSE:BANC). Moreover, Oaktree Ltd Partnership has 0.15% invested in Banc of California Inc (NYSE:BANC) for 568,000 shares. State Of Wisconsin Invest Board stated it has 0.04% in Banc of California Inc (NYSE:BANC). Moreover, Ubs Asset Mngmt Americas has 0% invested in Banc of California Inc (NYSE:BANC) for 10,800 shares. Swiss Bancorp holds 66,300 shares or 0% of its portfolio. Ontario – Canada-based Manufacturers Life Insur Company The has invested 0% in Banc of California Inc (NYSE:BANC).

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 2.44 million 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. Wood downgraded Banc of California Inc (NYSE:BANC) rating on Friday, May 5. Wood has “Market Perform” rating and $22 target. Keefe Bruyette & Woods maintained it with “Hold” rating and $2200 target in Monday, June 5 report. The stock has “Mkt Perform” rating by FBR Capital on Friday, July 1. On Monday, May 23 the stock rating was initiated by UBS with “Buy”. The firm earned “Outperform” rating on Monday, May 2 by Wells Fargo. FBR Capital maintained Banc of California Inc (NYSE:BANC) rating on Thursday, May 4. FBR Capital has “Outperform” rating and $24 target. FBR Capital upgraded it to “Outperform” rating and $22 target in Thursday, January 26 report. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, July 6. The company was downgraded on Monday, November 9 by Raymond James. The stock of Banc of California Inc (NYSE:BANC) earned “Outperform” rating by Wells Fargo on Tuesday, April 11.

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: Zacks.com which released: “Banc of California (BANC) in Focus: Stock Moves 7.4% Higher September 13, 2017” on September 13, 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 John A. Bogler as Chief Financial Officer” published on August 31, 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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