How big is the Banc of California assets?

Banc of California, Inc. (NYSE: BANC) is a bank holding company with $9.4 billion in assets as of June 30, 2023 and one wholly- owned banking subsidiary, Banc of California (the Bank). The Bank has 33 offices including 27 full-service branch locations throughout Southern California.

What does Bank of America Corp sell?

What we offer. Bank of America is one of the world's leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management and other financial and risk management products and services .

Who bought Banc of California?

I am excited to share that Banc of California, Inc., has completed its transformational merger with PacWest Bancorp , the parent company of Pacific Western Bank.

Is Banc of California a real bank?

Banc of California, Inc. is an American bank serving the state of California with over 30 branches in Southern California, extending from San Diego to Santa Barbara. The bank is headquartered in Santa Ana, California, with over 600 employees and 36 offices.

What family owns Bank of America?

Bank of America is the second-largest financial institution in the U.S. Warren Buffett's Berkshire Hathaway is the largest BofA shareholder, with a stake of about 13%. Because Bank of America is publicly traded, anyone with a brokerage account can invest in the bank.

Who is the owner of the Bank of America?

Bank of America is one of the largest consumer banks in the United States, with over $3 trillion in assets. The largest shareholder is Berkshire Hathaway , along with fund managers like BlackRock and Vanguard.

Is Bank of America owned by US government?

For a period of time in 2009 the US Government took over ownership of U.S. Bancorp (the publicly traded company that owns Bank of America) but Bank of America is not a US Government entity - it's a private bank headquartered out of Charlotte, North Carolina.

How big is California Coast Credit Union assets?

Today, Cal Coast has grown to more than $3.6 billion in assets, serving more than 200,000 members with 26 branches, 60 shared branch locations, online and mobile banking and 30,000 fee-free ATM's nationwide.

How big is California bank of Commerce?

Compare CALB With Other Stocks California Bank Of Commerce Annual Total Assets (Millions of US $) 2018 $1,006 2017 $866 2016 $765 2015 $653 10 more rows

How big is RBB Bancorp assets?

As of March 31, 2023 , the Company had total assets of $4.1 billion .

How big are Hilltop banks assets?

With $16.5 billion in assets as of December 31, 2023, Hilltop Holdings Inc. (NYSE: HTH) is a publicly traded, preeminent financial services franchise anchored by a strong commercial bank and enhanced by powerful fee businesses, including a leading national mortgage originator and dominant municipal investment bank.

Banc of California, Inc. (NYSE:BANC) Insider Robert G. Dyck Sells 10,000 Shares of Stock (2024)

Posted by Defense World Staff on Jan 31st, 2024

Banc of California, Inc. (NYSE:BANC – Get Free Report) insider Robert G. Dyck sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $14.97, for a total value of $149,700.00. Following the completion of the sale, the insider now owns 24,979 shares of the company’s stock, valued at $373,935.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Banc of California Stock Performance

NYSE:BANC opened at $14.68 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.90. Banc of California, Inc. has a fifty-two week low of $9.72 and a fifty-two week high of $18.26. The company has a market cap of $843.22 million, a price-to-earnings ratio of -4.65 and a beta of 1.16. The stock has a fifty day moving average price of $13.03 and a 200-day moving average price of $12.69.

Banc of California (NYSE:BANC – Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The bank reported ($4.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($4.27). Banc of California had a positive return on equity of 1.14% and a negative net margin of 44.04%. The business had revenue of $193.06 million for the quarter, compared to analyst estimates of $163.11 million. During the same period last year, the firm posted $0.45 EPS. As a group, equities analysts anticipate that Banc of California, Inc. will post 1.48 EPS for the current fiscal year.

Banc of California Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.72%. Banc of California’s payout ratio is -12.66%.

Institutional Investors Weigh In On Banc of California

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Banc of California by 0.4% in the first quarter. BlackRock Inc. now owns 8,829,206 shares of the bank’s stock valued at $170,933,000 after buying an additional 38,558 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Banc of California by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,135,355 shares of the bank’s stock valued at $51,816,000 after buying an additional 267,956 shares during the period. Vanguard Group Inc. increased its stake in shares of Banc of California by 1.2% in the third quarter. Vanguard Group Inc. now owns 3,664,891 shares of the bank’s stock valued at $58,529,000 after buying an additional 44,120 shares during the period. State Street Corp increased its stake in shares of Banc of California by 9.8% in the second quarter. State Street Corp now owns 2,868,811 shares of the bank’s stock valued at $33,495,000 after buying an additional 256,847 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of Banc of California by 1.9% during the 2nd quarter. William Blair Investment Management LLC now owns 1,992,248 shares of the bank’s stock valued at $23,070,000 after purchasing an additional 36,891 shares in the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.

Wall Street Analyst Weigh In

BANC has been the subject of several recent research reports. Wedbush boosted their price target on Banc of California from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Wells Fargo & Company downgraded Banc of California from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $21.00 to $13.50 in a research note on Tuesday, October 3rd. StockNews.com initiated coverage on Banc of California in a research note on Monday. They issued a “hold” rating for the company. Finally, Truist Financial boosted their price target on Banc of California from $13.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.50.

Read Our Latest Stock Report on BANC

Banc of California Company Profile

(Get Free Report)

Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services to small and medium-size businesses in California. It offers personal banking products and services, including checking account, debit Mastercard, certificates of deposit, and savings and money market accounts, as well as online and mobile banking services; personal credit cards; and specialty banking services.

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Banc of California, Inc. (NYSE:BANC)

Banc of California, Inc. is a bank holding company that provides various banking products and services to small and medium-sized businesses in California The company operates as the bank holding company for Banc of California, which offers personal banking products and services, including checking accounts, debit Mastercards, certificates of deposit, savings and money market accounts, as well as online and mobile banking services.

Stock Performance

As of Wednesday, January 31st, Banc of California, Inc. (NYSE:BANC) opened at $14.68 The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89, and a current ratio of 0.90 The fifty-two week low for the stock is $9.72, while the fifty-two week high is $18.26 The company has a market cap of $843.22 million, a price-to-earnings ratio of -4.65, and a beta of 1.16 The stock has a fifty-day moving average price of $13.03 and a 200-day moving average price of $12.69.

Quarterly Earnings Results

In the most recent quarterly earnings report released on Thursday, January 25th, Banc of California reported an EPS (earnings per share) of ($4.55) for the quarter, missing analysts' consensus estimates of ($0.28) by ($4.27) The bank had a positive return on equity of 1.14% and a negative net margin of 44.04% The business generated revenue of $193.06 million for the quarter, compared to analyst estimates of $163.11 million In the same period last year, the firm posted $0.45 EPS Analysts anticipate that Banc of California, Inc. will post 1.48 EPS for the current fiscal year.

Dividend Announcement

Banc of California recently declared a quarterly dividend. Stockholders of record on Friday, December 15th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.72%.

Institutional Investors

Several institutional investors and hedge funds have made changes to their positions in Banc of California. For example, BlackRock Inc. increased its stake in shares of Banc of California by 0.4% in the first quarter. BlackRock Inc. now owns 8,829,206 shares of the bank's stock valued at $170,933,000 after buying an additional 38,558 shares during the period Other institutional investors include Dimensional Fund Advisors LP, Vanguard Group Inc., State Street Corp, and William Blair Investment Management LLC.

Wall Street Analyst Ratings

Banc of California has been the subject of several recent research reports. Wedbush boosted their price target on Banc of California from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, January 26th Wells Fargo & Company downgraded Banc of California from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $21.00 to $13.50 in a research note on Tuesday, October 3rd StockNews.com initiated coverage on Banc of California and issued a "hold" rating for the company Truist Financial also boosted their price target on Banc of California from $13.00 to $16.00 and gave the company a "hold" rating in a research note Overall, five research analysts have rated the stock as "Hold".

Please note that the information provided above is based on the article you provided, and the stock performance and ratings may change over time. It's always a good idea to consult multiple sources and conduct your own research before making any investment decisions.