Banc of California, Inc. stock performance trend indicates that the stock price has rallied 18.23% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 18.84% . Looking at the past 52 week period, the stock price is up at 27.69% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Banc of California, Inc. has a negative value of -22.36 compared to overall market performance.Banc of California, Inc. is having a Relative Strength Index of 61.56 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Banc of California, Inc. (NYSE:BANC) has tumbled 0.72% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.53% in the last four weeks. The stocks have underperformed the S&P 500 by 0.95% during the past week but Banc of California, Inc. (NYSE:BANC) it has outperformed the index in 4 weeks by 3.34%.
For the current week, the company shares have a recommendation consensus of Buy. Banc of California, Inc. (NYSE:BANC) witnessed a volatile trading activity on Friday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $20.8 and reached the intraday high at $20.85. The bulls started the profit booking and pushed the shares to intraday low of $20.4. The trading session was marked by a volume range of 1,390,860 shares exchanging hands. The 52-week high of the shares is $23.235 and the 52-week low is $10.93. The market cap of the company stands at $1,033 million and there are 49,781,479 shares in public circulation.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Banc of California Inc was Upgraded by FBR & Co. on Jan 26, 2017 to Outperform, Price Target of the shares are set at $22.Banc of California Inc was Upgraded by FIG Partners to Market Perform on Jan 23, 2017.
Company has reported several Insider transactions to the SEC, on Mar 8, 2017, Jeffrey T Seabold (EXECUTIVE VICE PRESIDENT) sold 25,000 shares at 20.02 per share price.On Aug 18, 2016, Steven Sugarman (CEO AND CHAIRMAN OF BOARD) purchased 338 shares at 21.96 per share price.On Dec 18, 2015, J. Francisco A. Turner (EVP, CHIEF STRATEGY OFFICER) sold 2,800 shares at 14.03 per share price.
Banc of California Inc Last issued its quarterly earnings results on Jan 30, 2017. The company reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.49.Analysts expectations of $ 153.90.During the same quarter in the previous year, the company posted $0.39 EPS.
Banc of California, Inc. provides comprehensive banking services to Californias diverse private businesses, entrepreneurs and homeowners. It is the parent company of Banc of California, National Association.