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

September 17, 2017 - By Hazel Jackson

 EPS for Banc of California Inc (BANC) Expected At $0.19
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.
Texas Permanent School Fund reported 0.01% in Banc of California Inc (NYSE:BANC). 11,830 are owned by Sg Americas Securities. 35,000 were reported by Pub Sector Pension Inv Board. State Street has invested 0% of its portfolio in Banc of California Inc (NYSE:BANC). Comerica Bank accumulated 52,747 shares. Tudor Inv Et Al, Connecticut-based fund reported 23,100 shares. Smith Graham Investment Advsr L P owns 629,557 shares for 1.18% of their portfolio. Zacks Invest holds 34,844 shares. Prelude Cap Mgmt Llc invested in 0.01% or 5,300 shares. National Bank Of Montreal Can stated it has 190 shares. Fifth Third Bank & Trust holds 0% or 9,083 shares. Kansas-based Creative Planning has invested 0% in Banc of California Inc (NYSE:BANC). Amer Asset Mgmt Inc holds 13,359 shares or 0.26% of its portfolio. Envestnet Asset Management holds 0% or 2,809 shares. Pinebridge Investments Limited Partnership has 29,750 shares.

Wall Street await Banc of California Inc (NYSE:BANC) to release earnings on October, 18. Analysts forecast EPS of $0.19, down exactly $0.40 or 67.80 % from 2014’s $0.59 EPS. The expected BANC’s profit could reach $9.50M giving the stock 25.20 P/E in the case that $0.19 earnings per share is reported. After posting $0.20 EPS for the previous quarter, Banc of California Inc’s analysts now forecast -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 company was maintained on Monday, June 5 by Keefe Bruyette & Woods. The rating was upgraded by Wells Fargo to “Outperform” on Tuesday, April 11. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, August 28. FBR Capital maintained it with “Outperform” rating and $24 target in Thursday, May 4 report. As per Thursday, October 20, the company rating was upgraded by DA Davidson. 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 rating was upgraded by FBR Capital to “Outperform” on Thursday, January 26. The firm has “Outperform” rating by Raymond James given on Wednesday, May 4. Wood downgraded it to “Market Perform” rating and $22 target in Friday, May 5 report. The firm earned “Mkt Perform” rating 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: Zacks.com which released: “Banc of California (BANC) in Focus: Stock Moves 7.4% Higher September 13, 2017” on September 13, 2017, also Prnewswire.com with their article: “Banc of California Announces Hiring of John A. Bogler as Chief Financial Officer” published on August 31, 2017, Ocbj.com published: “Banc of California Hires CFO” on September 01, 2017. More interesting news about Banc of California Inc (NYSE:BANC) were released by: Thestreet.com and their article: “Banc of California’s Slump Shows Activism Ain’t Always Great” published on August 25, 2017 as well as Ocbj.com‘s news article titled: “Former Exec Sues Banc of California” with publication date: September 06, 2017.

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