Banc of California, Inc. (BANC) Has Bearish H&S Chart Pattern Trading At $18.38

April 16, 2018 - By Damon Whitfield

Big Money Sentiment decreased to 0.78 in 2017 Q4. It has change of 0.20, from 2017Q3’s 0.98. The ratio turned negative due to Banc of California, Inc. positioning: 22 sold and 66 reduced. 26 funds acquired stakes and 43 increased stakes. Investors holded 59.57 million in 2017Q3 but now own 56.03 million shares or 5.95% less.
State Of Tennessee Treasury Department accumulated 33,963 shs. Parkside Bancorporation And Trust accumulated 12 shs or 0% of the stock. 165,104 were reported by Parametric Portfolio Associates Limited Liability Company. The Texas-based Hbk Invs Limited Partnership has invested 0.02% in Banc of California, Inc. (NYSE:BANC). Maltese Capital Limited Liability Company reported 1.34% stake. Citigroup Incorporated invested in 0% or 4,187 shs. State Of Wisconsin Investment Board owns 578,481 shs or 0.03% of their US capital. Pennsylvania-based Pnc Fincl Grp has invested 0% in Banc of California, Inc. (NYSE:BANC). First Manhattan owns 23,744 shs or 0% of their US capital. Macquarie Gru Limited, a Australia-based fund reported 400 shs. Teacher Retirement Sys Of Texas owns 14,446 shs. Tudor Invest Et Al owns 44,038 shs for 0.02% of their capital. Moreover, Fisher Asset Limited Liability Company has 0% invested in Banc of California, Inc. (NYSE:BANC) for 94,951 shs. Amer Century Cos reported 0.01% stake. Highlander Capital Mgmt Ltd stated it has 1,000 shs or 0.02% of all its holdings.

Banc of California, Inc. registered $386,000 net activity with 1 insider purchase and 0 selling transactions since February 1, 2018.

With $17.46 [Target] Banc of California, Inc. (BANC) showed a H&Schart. That’s 5.00 % below today’s $18.38 stock price. Banc of California, Inc. (BANC) has $929.55 million MC. On Apr, 16 the H&S chart was reported by Faxor.com. At $17.46 Target, the company’s valuation could be $46.48M less.

The stock decreased 0.41% or $0.075 during the last trading session, reaching $18.375.Banc of California, Inc. has volume of 210,814 shares. Since April 16, 2017 BANC has declined 9.16% and is downtrending. BANC underperformed the S&P 500 by 20.71%.

Analysts await Banc of California, Inc. (NYSE:BANC) to report earnings on May, 2. They expect $0.16 earnings per share, down 40.74 % or $0.11 from last year’s $0.27 per share. BANC’s profit will be $8.09 million for 28.71 P/E if the $0.16 EPS becomes a reality. After $0.30 actual earnings per share reported by Banc of California, Inc. for the previous quarter, Wall Street now forecasts -46.67 % negative EPS growth.

Banc of California, Inc. (NYSE:BANC) Ratings Coverage

Total analysts of 7 have positions in Banc of California (NYSE:BANC) as follows: 3 rated it a “Buy”, 1 with “Sell” and 3 with “Hold”. The positive are 43%. Since October 26, 2017 according to StockzIntelligence Inc Banc of California has 13 analyst reports. On Thursday, December 21 Piper Jaffray initiated Banc of California, Inc. (NYSE:BANC) rating. Piper Jaffray has “Buy” rating and $26.0 target. On Thursday, February 1 the company was downgraded by FBR Capital. In Friday, March 16 report Sandler O’Neill maintained the stock with “Buy” rating. In Monday, February 26 report Keefe Bruyette & Woods maintained the stock with “Hold” rating. On Thursday, February 8 Piper Jaffray maintained Banc of California, Inc. (NYSE:BANC) rating. Piper Jaffray has “Buy” rating and $25.0 target. On Thursday, February 8 FBR Capital maintained Banc of California, Inc. (NYSE:BANC) with “Hold” rating. On Thursday, December 21 the firm earned “Hold” rating by Keefe Bruyette & Woods. On Friday, April 6 the stock of Banc of California, Inc. (NYSE:BANC) earned “Underperform” rating by Bank of America. On Thursday, February 1 the firm has “Neutral” rating by B. Riley & Co given. On Thursday, March 15 the stock of Banc of California, Inc. (NYSE:BANC) has “Hold” rating given by Keefe Bruyette & Woods.

Banc of California, Inc. (NYSE:BANC) Analyst Ratings Chart

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