Banc of California Inc Stock News

Banc of California, Inc. (NYSE:BANC) announced a quarterly dividend on Thursday, November 4th, Zacks reports. Investors of record on Wednesday, December 15th will be given a dividend of 0.06 per share by the bank on Monday, January 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date []

Bank of America Corp DE reduced its stake in shares of Banc of California, Inc. (NYSE:BANC) by 54.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 83,555 shares of the banks stock after selling 99,691 shares during the quarter. Bank of America Corp DEs holdings in Banc of California were worth $1,465,000 at []

DoJ Targets Hedge Funds With Investigation Into Short Selling As far as we can tell, cracking down on short sellers has typically been associated with authoritarian governments (like in China, which has arrested market selloffs by throwing shorts in to a "reeducation camp") as well as those trying to cover up their own aggressive malfeasance (like when German regulators chose to investigate and pursue short sellers and journalists instead of Wirecard, a former fintech darling that was eventually exposed as a massive fraud ). But now, the practice is coming to the US. Just as hedge funds are dumping shares to retail while corporate insiders sell shares back to their own companies, the DoJ is reportedly launching a broad-based probe into hedge-fund short selling, with prosecutors with the DoJ''s fraud group based in LA leading the charge into firms that collaborate with researchers to pull off "short and distort" plays that can quickly earn tens of millions of dollars in "alpha" for their LPs.

Brokerages expect that Banc of California, Inc. (NYSE:BANC) will announce sales of $81.40 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Banc of Californias earnings. The lowest sales estimate is $78.70 million and the highest is $84.10 million. Banc of California posted sales of $68.54 million during []

Shares of Banc of California, Inc. (NYSE:BANC) have been assigned a consensus rating of Buy from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month []

Sippican Capital Advisors lifted its position in shares of Banc of California, Inc. (NYSE:BANC) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,325 shares of the banks stock after purchasing an additional 1,800 shares during the period. Banc of California accounts []

Equities research analysts forecast that Banc of California, Inc. (NYSE:BANC) will report sales of $81.40 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Banc of Californias earnings, with the lowest sales estimate coming in at $78.70 million and the highest estimate coming in at $84.10 million. Banc []

Comerica Bank lowered its stake in Banc of California, Inc. (NYSE:BANC) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,911 shares of the banks stock after selling 3,135 shares during the period. Comerica Bank owned approximately 0.08% of Banc of California worth []

Invesco Ltd. boosted its position in Banc of California, Inc. (NYSE:BANC) by 37.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260,429 shares of the banks stock after acquiring an additional 71,378 shares during the quarter. Invesco Ltd. owned 0.51% of Banc of []

Price T Rowe Associates Inc. MD boosted its stake in Banc of California, Inc. (NYSE:BANC) by 24.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,714 shares of the banks stock after purchasing an additional 3,530 shares during the period. []

Wall Street brokerages expect Banc of California, Inc. (NYSE:BANC) to announce $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Banc of Californias earnings. The lowest EPS estimate is $0.18 and the highest is $0.40. Banc of California posted earnings per share of $0.35 during []

Foundry Partners LLC lessened its holdings in shares of Banc of California, Inc. (NYSE:BANC) by 26.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 194,735 shares of the banks stock after selling 71,375 shares during the quarter. Foundry Partners LLCs holdings in Banc of []

UBS Asset Management Americas Inc. lifted its stake in Banc of California, Inc. (NYSE:BANC) by 26.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,232 shares of the banks stock after purchasing an additional 9,122 shares during the period. []

Man Group plc lifted its stake in shares of Banc of California, Inc. (NYSE:BANC) by 164.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,878 shares of the bank’s stock after buying an additional 27,274 shares during the period. Man Group plc’s holdings in […]

Banc of California seems to be flying under the radar despite its decent size with over $8B in assets. The 9M 2021 profit was boosted by a reversal of loan loss provisions, although the total amount o