Banc of California Inc. (NYSE:BANC) shares traded lower over the last trading session, losing -0.73% on 02/11/21. The shares fell to a low of $18.80 before closing at $19.16. Intraday shares traded counted 0.2 million, which was 0.55% higher than its 30-day average trading volume of 198.92K. BANC’s previous close was $19.30 while the outstanding shares total 50.15M. The firm has a beta of 1.90. The stock’s Relative Strength Index (RSI) is 67.97, with weekly volatility at 3.93% and ATR at 0.78. The BANC stock’s 52-week price range has touched low of $6.44 and a $19.62 high.
Investors have identified the Banks – Regional company Banc of California Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $966.43 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Having a look at the company’s valuation, the company is expected to record 1.21 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BANC sounds very interesting.
Is the stock of BANC attractive?
In related news, Director, Curran Mary A bought 4,200 shares of the company’s stock in a transaction that recorded on Nov 02. The purchase was performed at an average price of 12.13, for a total value of 50,946. As the purchase deal closes, the PRESIDENT AND CEO, WOLFF JARED M now bought 10,000 shares of the company’s stock, valued at 115,000. Also, Director, SZNEWAJS ROBERT D bought 6,000 shares of the company’s stock in a deal that was recorded on Jun 15. The shares were cost at an average price of 10.56 per share, with a total market value of 63,360. Following this completion of disposal, the Director, Barker James Andrew now holds 25,325 shares of the company’s stock, valued at 250,211. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
4 out of 7 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Banc of California Inc.. 0 analysts has assigned a Sell rating on the BANC stock. The 12-month mean consensus price target for the company’s shares has been set at $19.92.