Banc of California (NYSE:BANC – Get Free Report) announced its quarterly earnings results on Tuesday. The bank reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.09), Zacks reports. Banc of California had a positive return on equity of 2.27% and a negative net margin of 21.99%. The company had revenue of $492.38 million during the quarter, compared to the consensus estimate of $271.42 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share.
Banc of California Trading Up 1.9 %
Shares of BANC stock traded up $0.25 during mid-day trading on Thursday, hitting $13.20. The company had a trading volume of 730,376 shares, compared to its average volume of 2,410,774. Banc of California has a 52-week low of $9.96 and a 52-week high of $15.54. The stock’s 50 day moving average price is $13.37 and its 200-day moving average price is $13.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89.
Banc of California Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, June 14th. Banc of California’s dividend payout ratio (DPR) is presently -12.01%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Banc of California
Banc of California Company Profile
Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes.
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