What is DA Davidson’s Estimate for BANC FY2026 Earnings?

Banc of California, Inc. (NYSE:BANC) – Investment analysts at DA Davidson increased their FY2026 earnings per share estimates for Banc of California in a report released on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the bank will earn $1.79 per share for the year, up from their previous estimate of $1.75. The consensus estimate for Banc of California’s current full-year earnings is $1.31 per share.

Banc of California (NYSE:BANC) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Banc of California had a net margin of 7.06% and a return on equity of 6.20%.

Other equities research analysts have also recently issued reports about the company. StockNews.com upgraded Banc of California from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on shares of Banc of California from $17.50 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upgraded Banc of California from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $17.00 to $20.00 in a research report on Monday, January 6th. Barclays cut their price objective on shares of Banc of California from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Stephens decreased their target price on shares of Banc of California from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Banc of California presently has an average rating of “Moderate Buy” and a consensus target price of $18.18.

Banc of California Price Performance

Banc of California stock opened at $14.15 on Thursday. The business’s 50 day simple moving average is $14.97 and its 200 day simple moving average is $15.42. Banc of California has a 12 month low of $11.88 and a 12 month high of $18.08. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 25.27 and a beta of 1.18. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31.

Banc of California Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, March 14th. Banc of California’s dividend payout ratio is presently 71.43%.

Institutional Investors Weigh In On Banc of California

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PL Capital Advisors LLC grew its stake in shares of Banc of California by 1,446.0% in the 4th quarter. PL Capital Advisors LLC now owns 46,754,426 shares of the bank’s stock valued at $722,823,000 after buying an additional 43,730,207 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Banc of California by 6.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,913,012 shares of the bank’s stock worth $168,716,000 after buying an additional 644,330 shares in the last quarter. Wellington Management Group LLP raised its stake in Banc of California by 274.6% in the fourth quarter. Wellington Management Group LLP now owns 5,393,076 shares of the bank’s stock valued at $83,377,000 after buying an additional 3,953,380 shares in the last quarter. Millennium Management LLC lifted its stake in Banc of California by 2,119.0% during the fourth quarter. Millennium Management LLC now owns 2,876,914 shares of the bank’s stock worth $44,477,000 after purchasing an additional 2,747,262 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of Banc of California by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,556,614 shares of the bank’s stock valued at $39,525,000 after buying an additional 62,269 shares during the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.

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.