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Banc of California Inc

Banc of California Inc (BANC)

14.84
-0.21
(-1.40%)
Closed September 23 4:00PM
14.86
0.02
(0.13%)
After Hours: 6:01PM

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Key stats and details

Current Price
14.86
Bid
-
Ask
-
Volume
2,575,046
14.79 Day's Range 15.19
9.96 52 Week Range 15.5441
Market Cap
Previous Close
15.05
Open
15.06
Last Trade
619160
@
14.84
Last Trade Time
Financial Volume
$ 38,418,337
VWAP
14.9195
Average Volume (3m)
2,248,959
Shares Outstanding
158,780,745
Dividend Yield
2.69%
PE Ratio
-1.22
Earnings Per Share (EPS)
-12.21
Revenue
298.84M
Net Profit
-1.94B

About Banc of California Inc

Banc of California Inc is a financial holding company. It offers banking and financial services. The company's services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificate... Banc of California Inc is a financial holding company. It offers banking and financial services. The company's services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California's diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate. Show more

Sector
National Commercial Banks - Non Islamic
Industry
National Commercial Banks - Non Islamic
Headquarters
Irvine, California, USA
Founded
-
Banc of California Inc is listed in the National Commercial Banks - Non Islamic sector of the New York Stock Exchange with ticker BANC. The last closing price for Banc of California was $15.05. Over the last year, Banc of California shares have traded in a share price range of $ 9.96 to $ 15.5441.

Banc of California currently has 158,780,745 shares outstanding. The market capitalization of Banc of California is $2.39 billion. Banc of California has a price to earnings ratio (PE ratio) of -1.22.

Banc of California (BANC) Options Flow Summary

Overall Flow

Bullish

Net Premium

105k

Calls / Puts

100.00%

Buys / Sells

100.00%

OTM / ITM

0.00%

Sweeps Ratio

0.00%

BANC Latest News

Banc of California Expands Specialty Lending Team

Chris Hague joins Banc of California as Executive Vice President and Head of Specialty Finance Team includes five others to expand lender finance and additional areas Banc of California, a wholly...

Banc of California, Inc. to Participate at the Barclays 22nd Annual Global Financial Services Conference

Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that Jared Wolff, President & Chief Executive Officer and Joseph Kauder, Chief Financial Officer, will meet with...

Banc of California, Inc. Announces Quarterly Dividends

Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.543.7709497206714.3215.4314.1386145214.85196319CS
40.050.3376097231614.8115.4313.48228500814.41879005CS
122.0616.0937512.815.4311.97224895913.87466414CS
260.140.95108695652214.7215.544111.88223230413.87217895CS
523.0525.825571549511.8115.54419.96239418413.40881424CS
156-3.14-17.44444444441822.099.72111952413.98038851CS
2600.664.6478873239414.222.096.4478419914.03381031CS

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BANC Discussion

View Posts
dealerschool2006 dealerschool2006 3 years ago
$BANC mentioned in this article about SEC investigating short sellers...https://www.investopedia.com/department-of-justice-probing-short-sellers-5218273?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral
👍️0
whytestocks whytestocks 5 years ago
News: $BANC Banc of California, Inc. Commences Tender Offer to Purchase Using Up to $75,000,000 of Cash Certain Outstanding Depositary Shares

Banc of California, Inc. (the “ Company ”) (NYSE: BANC) announced today the commencement of a cash tender offer (the “ Offer ”) to purchase using up to $75,000,000 (the “ Maximum Aggregate Purchase Amount ”) the securities listed in the table below (t...

Read the whole news Banc of California, Inc. Commences Tender Offer to Purchase Using Up to $75,000,000 of Cash Certain Outstanding Depositary Shares
👍️0
LouisDesyjr LouisDesyjr 8 years ago
Problems at BANC and CEO resigned

Not sure what is going on, but there was a series of articles from Oct 18, 2016.

Banc of California Drops Amid Accusations From Short Seller

There was some 'back and forth' between the short seller and the bank, but in the end the CEO resigned and the board is doing a search for a new CEO.
Banc of California CEO Steven Sugarman Resigns

I think it is possible that the short seller may have gotten a few things wrong, but was in general on track that there were problems with the bank.

LAWSUIT FILED AGAINST BANC OF CALIFORNIA: Hagens Berman Alerts Investors in Banc of California to Securities Class Action and Lead Plaintiff Deadline

There was also a strange and very expensive deal where the bank bought naming rights to a stadium for $100 million with people related to the CEO.

Banc of California (BANC) Trades Lower After Announce SEC Probe, CEO Resignation

Hopefully, the company is now back on track with the resignation of the CEO.

As a side note, I think the board and upper management were, and probably are, a bunch of blockheads. Unless everyone was in on it and got some kind of payoff for going along, how could they have all been so stupid?

Hopefully, the activist investor highlighted in the Barron's this past weekend, will be able to take control of the place and get things running right.

Louis J. Desy Jr.

Disclosure: I own BANC common shares.

👍️0
LouisDesyjr LouisDesyjr 8 years ago
Barron's Article

Did anyone else see the small article about BANC this past weekend?

Banc of California Is Undervalued, Says Legion


Louis J. Desy Jr.


Disclosure: I own shares.
👍️0

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