Analyst Perspectives | Barclays sets price targets ranging from $14 to $17, highlighting varied views on Banc of California's profitability and growth potential |
NIM Outlook Boost | Banc of California raises Q4 2024 Net Interest Margin guidance to 3.00-3.10%, reflecting successful balance sheet optimization strategies |
Financial Resilience | Q3 2024 results show improved performance, with EPS forecasts of $0.68 for FY1 and $1.26 for FY2, signaling potential growth amid challenges |
Integration Hurdles | Explore Banc of California's challenges in merging with PACW, impacting near-term performance and extending timelines for strategic goals |
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. It also provides real estate loans to professional developers and real estate investors for the acquisition, construction, refinancing, renovation, and on-going operation of commercial real estate properties; commercial real estate mortgage, residential real estate mortgage, and real estate construction and land loans; commercial loans and leases, such as equipment finance, other asset-based, venture capital, secured business, warehouse, and other lending services; small business administration loans; and consumer loans comprising personal, auto, and other loans, as well as home equity and revolving lines of credit. In addition, the company offers international banking, multi-state deposit, and asset and investment management services, as well as cash and treasury management services; and online, mobile, remote deposit, and telephone banking services. It serves small and middle-market businesses, venture capital firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net worth individuals. Banc of California, Inc. was founded in 1941 and is headquartered in Los Angeles, California.
Metrics to compare | BANC | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipBANCPeersSector | |
---|---|---|---|---|
P/E Ratio | −5.7x | 11.2x | 8.7x | |
PEG Ratio | −0.06 | −0.23 | 0.03 | |
Price / Book | 0.9x | 1.0x | 1.0x | |
Price / LTM Sales | 6.3x | 3.2x | 2.7x | |
Upside (Analyst Target) | 14.4% | 10.2% | 14.1% | |
Fair Value Upside | Unlock | 0.5% | 3.3% | Unlock |