<div id="readability-page-1"><p><span>Banc of California (NYSE:BANC - Get Free Report)</span> had its price target increased by analysts at JPMorgan Chase &amp; Co.  from $20.50 to $22.00 in a research note issued on Friday,Benzinga reports. The firm currently has an &#34;overweight&#34; rating on the bank's stock. JPMorgan Chase &amp; Co.'s target price would indicate a potential upside of 17.93% from the stock's previous close.</p><p>Several other research firms have also weighed in on BANC. Barclays lowered their price target on Banc of California from $25.00 to $23.00 and set an &#34;overweight&#34; rating on the stock in a research report on Tuesday, April 7th. Keefe, Bruyette &amp; Woods boosted their price target on Banc of California from $22.00 to $23.00 and gave the stock an &#34;outperform&#34; rating in a research report on Friday, January 23rd. Wells Fargo &amp; Company boosted their price target on Banc of California from $20.00 to $22.00 and gave the stock an &#34;overweight&#34; rating in a research report on Monday, March 30th. Wall Street Zen raised Banc of California from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, January 10th. Finally, Piper Sandler lowered their price target on Banc of California from $25.00 to $22.00 and set an &#34;overweight&#34; rating on the stock in a research report on Thursday, April 2nd. One equities research analyst  has rated the stock with a Strong Buy rating, nine have issued  a Buy rating and two have assigned  a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $20.41.</p><div><p><span></span><span>Get <strong>Banc of California</strong> alerts:</span></p></div><p><b>Get Our Latest Research Report on BANC</b></p><h2>Banc of California Stock Down 1.3%</h2><p>Banc of California stock traded down $0.25 during midday trading on Friday, reaching $18.66. The stock had a trading volume of 2,346,895 shares, compared to its average volume of 2,956,287. The firm's fifty day simple moving average is $18.14 and its 200-day simple moving average is $18.54. Banc of California has a 1-year low of $12.98 and a 1-year high of $21.61. The stock has a market capitalization of $2.80 billion, a P/E ratio of 14.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.90. </p><p>Banc of California (NYSE:BANC - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Banc of California had a return on equity of 9.31% and a net margin of 13.58%.The business had revenue of $275.97 million for the quarter, compared to analyst estimates of $291.28 million. During the same quarter last year, the firm earned $0.26 EPS. Banc of California's revenue for the quarter was up 7.9% compared to the same quarter last year.  As a group, analysts expect that  Banc of California will post 1.74 EPS for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><p>Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of  Banc of California by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 9,951,795 shares of the bank's stock worth $191,970,000 after acquiring an additional 438,320 shares during the period.  Invesco Ltd. boosted its stake in shares of  Banc of California by 3.1% during the 4th quarter. Invesco Ltd. now owns 6,010,260 shares of the bank's stock worth $115,938,000 after acquiring an additional 181,029 shares during the period.  Dimensional Fund Advisors LP boosted its stake in shares of  Banc of California by 16.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,863,656 shares of the bank's stock worth $113,111,000 after acquiring an additional 810,254 shares during the period.  Goldman Sachs Group Inc. boosted its stake in  Banc of California by 8.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,796,996 shares of the bank's stock valued at $53,879,000 after purchasing an additional 297,680 shares during the period.  Finally, Bank of America Corp DE boosted its stake in  Banc of California by 243.9% in 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 purchasing an additional 2,433,394 shares during the period. 86.88% of the stock is currently owned by institutional investors. </p><h2>Banc of California Company Profile</h2> (Get 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>Further Reading</h2><ul><li>Five stocks we like better than Banc of California</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.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="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.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>JPMorgan Chase & Co. has raised its price target for Banc of California (NYSE:BANC) from $20.50 to $22.00, maintaining an "overweight" rating. This new target suggests a potential upside of 17.93% from the stock's previous close. Other firms have also adjusted their ratings, with Barclays lowering its target to $23.00 and Wells Fargo raising it to $22.00. Banc of California's stock recently traded at $18.66, down 1.3%. The company reported earnings of $0.39 per share, beating estimates, with a revenue increase of 7.9% year-over-year.</p>

Market Beat

Banc of California

JPMorgan Chase

Barclays

Wells Fargo

Piper Sandler Cos

Invesco

Goldman Sachs

Bank of America

BANC OF CALIFORNIA INC 7.75% DEP SHS EACH REP 1/40TH INT IN 1 S

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

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BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Banc of California (NYSE:BANC) Given New $22.00 Price Target at JPMorgan Chase & Co.