<div id="readability-page-1"><p>Banc Funds Co. LLC reduced its holdings in  Banc of California, Inc. (NYSE:BANC - Free Report) by 17.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor  owned 615,764 shares of the bank's stock after selling 125,781 shares during the period. Banc of California makes up   1.8% of Banc Funds Co. LLC's holdings, making the stock its 14th biggest position. Banc Funds Co. LLC owned 0.42% of Banc of California worth $10,191,000 as of its most recent SEC filing.</p><p>Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in  Banc of California by 243.9% during the 3rd quarter. Bank of America Corp DE now owns 3,430,938 shares of the bank's stock valued at $56,782,000 after acquiring an additional 2,433,394 shares in the last quarter.  Alliancebernstein L.P. raised its holdings in  Banc of California by 93.6% in the 3rd quarter. Alliancebernstein L.P. now owns 522,129 shares of the bank's stock valued at $8,641,000 after acquiring an additional 252,476 shares during the last quarter.  Schonfeld Strategic Advisors LLC lifted its stake in  Banc of California by 13.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 19,587 shares of the bank's stock worth $324,000 after purchasing an additional 2,385 shares in the last quarter.  Creative Planning lifted its stake in  Banc of California by 99.0% in the 3rd quarter. Creative Planning now owns 23,994 shares of the bank's stock worth $397,000 after purchasing an additional 11,935 shares in the last quarter.  Finally, Polar Asset Management Partners Inc. acquired a new position in shares of  Banc of California during the 3rd quarter worth approximately $2,054,000. 86.88% of the stock is currently owned by institutional investors and hedge funds. </p><div><p><span></span><span>Get <strong>Banc of California</strong> alerts:</span></p></div><h2>Banc of California Price Performance</h2><p>Banc of California stock opened at $16.78 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.31. Banc of California, Inc. has a 52-week low of $11.52 and a 52-week high of $21.61. The firm has a market cap of $2.54 billion, a PE ratio of 14.22 and a beta of 0.72. The company's 50 day moving average is $19.60 and its two-hundred day moving average is $18.34. </p><p>Banc of California (NYSE:BANC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. Banc of California had a net margin of 12.59% and a return on equity of 8.66%. The business had revenue of $292.93 million during the quarter, compared to the consensus estimate of $288.41 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share.  On average, research analysts expect that  Banc of California, Inc. will post 1.31 EPS for the current fiscal year. </p><h2>Banc of California Increases Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from Banc of California's previous quarterly dividend of $0.10. Banc of California's payout ratio is presently 33.90%. </p><h2>Analysts Set New Price Targets</h2><p>A number of research firms have recently issued reports on BANC. Barclays upped their price target on Banc of California from $21.00 to $25.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, December 19th. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Banc of California in a research note on Wednesday, January 21st. Wall Street Zen upgraded Banc of California from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, January 10th. Piper Sandler raised their target price on Banc of California from $24.00 to $25.00 and gave the stock an &#34;overweight&#34; rating in a research note on Monday, January 26th. Finally, JPMorgan Chase &amp; Co. lifted their price target on Banc of California from $21.00 to $24.00 and gave the stock an &#34;overweight&#34; rating in a report on Tuesday, December 16th. One research analyst  has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $20.86.</p><p><b>View Our Latest Stock Analysis on Banc of California</b></p><h2>About Banc of California</h2> (Free Report)<p>Banc of California, N.A. is a full-service commercial bank headquartered in Santa Ana, California, offering a broad spectrum of banking products and services to corporate and individual customers. The bank focuses on serving middle-market businesses, professional service firms, real estate investors and developers, and entrepreneurs throughout California. Its core offerings include deposit accounts, treasury management services, commercial real estate lending, equipment finance, lines of credit and Small Business Administration lending, complemented by cash management and online banking solutions.  </p><p>Operating a network of branches and lending offices concentrated in both Southern and Northern California, Banc of California seeks to support local businesses and communities with personalized service and regional expertise.</p><h2>See Also</h2><ul><li>Five stocks we like better than Banc of California</li><li>The gold chart Wall Street is terrified of…</li><li>Elon Musk already made me a “wealthy man”</li><li>Silver paying 20% dividend. Plus 68% share gains</li><li>Unlocked: Elon Musk’s Next Big IPO</li><li>A personal warning from Martin Weiss (Please read)</li></ul><p><strong>Want to see what other hedge funds are holding BANC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banc of California, Inc. (NYSE:BANC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBTkM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBTkM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Banc of California Right Now?</h2><p>Before you consider Banc of California, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banc of California wasn't on the list.</p><p>While Banc of California currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

BANC

<p>Banc Funds Co. LLC reduced its stake in Banc of California, Inc. by 17.0% in Q3, now holding 615,764 shares. Other institutional investors, including Bank of America and Alliancebernstein, increased their positions. Banc of California's stock opened at $16.78, with a market cap of $2.54 billion. The company recently announced a quarterly dividend of $0.12 per share, up from $0.10. Analysts have raised price targets, with Barclays setting it at $25.00 and JPMorgan at $24.00, reflecting positive sentiment towards the stock.</p>

Banc Funds Co. LLC Reduces Position in Banc of California, Inc. $BANC