Alert: Negative Investment/Fundamental Signals (11/27/23)-Banc of California Inc (NYSE: BANC)


Extremely significant negative changes in Banc of California Inc (NYSE: BANC) investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.

Recent significant negative changes in fundamentals have affected Banc of California Inc (NYSE: BANC): the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

BANC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Banc of California has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Banc of California has a slightly positive Appreciation Score of 65 and a neutral Power Rating of 46, producing the Neutral Value Trend Rating.

Recent Price Action

On 11/27/23, Banc of California Inc (NYSE: BANC) stock suffered a large decline of -3.4%, closing at $11.96. The stock has performed in line with the market over the last nine months and has declined -2.5% during the last week.

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