Banc of California Inc

Company Profile

Banc of California Inc had its IPO on 2002-10-01 under the ticker symbol BANC.

The company operates in the Financial Services sector and Banks-Regional industry. Banc of California Inc has a staff strength of 685 employees.

Stock update

Shares of Banc of California Inc opened at $12.64 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $12.57 - $12.88, and closed at $12.68.

This is a +0.71% increase from the previous day's closing price.

A total volume of 930,696 shares were traded at the close of the day’s session.

In the last one week, shares of Banc of California Inc have slipped by -1.48%.

Banc of California Inc's Key Ratios

Banc of California Inc has a market cap of $665.51 million, indicating a price to book ratio of 1.0048 and a price to sales ratio of 2.6126.

In the last 12-months Banc of California Inc’s revenue was $324.50 million with a gross profit of $360.94 million and an EBITDA of $0. The EBITDA ratio measures Banc of California Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Banc of California Inc’s operating margin was 42.26% while its return on assets stood at 0.95% with a return of equity of 9.57%.

In Q1, Banc of California Inc’s quarterly earnings growth was a negative -50.3% while revenue growth was a negative 32%.

Banc of California Inc’s PE and PEG Ratio

Forward PE

8.3682

Trailing PE

6.9878

PEG

2.15

Its diluted EPS in the last 12-months stands at $1.64 per share while it has a forward price to earnings multiple of 8.3682 and a PEG multiple of 2.15. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Banc of California Inc’s profitability.

Banc of California Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.6126.

Banc of California Inc stock pays annual dividends of $0.28 per share, indicating a yield of 3.64% and a payout ratio of 19.75%.

Balance sheet and cash flow metrics

Total Assets

$10.04 billion

Total Liabilities

$54.45 million

Operating Cash Flow

$-54439000.00

Capital Expenditure

$2.63 million

Dividend Payout Ratio

19.75%

Banc of California Inc ended 2024 with $10.04 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $10.04 billion while shareholder equity stood at $958.91 million.

Banc of California Inc ended 2024 with $0 in deferred long-term liabilities, $54.45 million in other current liabilities, 658000.00 in common stock, $263.52 million in retained earnings and $114.31 million in goodwill. Its cash balance stood at $1.01 billion and cash and short-term investments were $1.97 billion. The company’s total short-term debt was $1,732,670,000 while long-term debt stood at $2.01 billion.

Banc of California Inc’s total current assets stands at $1.97 billion while long-term investments were $1.29 billion and short-term investments were $958.43 million. Its net receivables were $6.97 billion compared to accounts payable of $120.36 million and inventory worth $0.

In 2024, Banc of California Inc's operating cash flow was $-54439000.00 while its capital expenditure stood at $2.63 million.

Comparatively, Banc of California Inc paid $0.20 in dividends in 2024.

Other key metrics

Current Trading Price

$12.68

52-Week High

$18.4595

52-Week Low

$9.72

Analyst Target Price

$16.25

Banc of California Inc stock is currently trading at $12.68 per share. It touched a 52-week high of $18.4595 and a 52-week low of $18.4595. Analysts tracking the stock have a 12-month average target price of $16.25.

Its 50-day moving average was $12.85 and 200-day moving average was $13.75 The short ratio stood at 2.11 indicating a short percent outstanding of 0%.

Around 190% of the company’s stock are held by insiders while 9432.5% are held by institutions.