Economy

Banc of California, Inc. (NYSE:BANC) Stock Rating Upgraded by ValuEngine

It has outperformed by 10.05% the S&P500.

Banc of California, Inc is a financial holding company. The company has market cap of $3.56 billion. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals. It has a 16.95 P/E ratio. The Firm operates through Commercial Banking; Mortgage Banking, and Corporate/Other divisions.

Among 52 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 2 Hold. Therefore 14% are positive. The company was upgraded on Thursday, March 30 by SunTrust. Barclays Capital maintained it with "Equal-Weight" rating and $20 target in Friday, October 9 report. The stock has "Outperform" rating by Wedbush on Thursday, April 28. As per Friday, August 11, the company rating was maintained by Jefferies. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable.

07/22/2016 - Banc of California, Inc. had its "buy" rating reiterated by analysts at UBS. The bank reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.36.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Banc of California, Inc.

Investors sentiment decreased to 1.4 in Q2 2017. Its up 0.05, from 1.35 in 2016Q3. 27 funds opened positions while 86 raised stakes. Commonwealth Of Pennsylvania Public School Empls Retrmt invested in 0.29% or 134,187 shares.

Brown Brothers Harriman Communications accumulated 2,792 shares. Schwab Charles holds 0.02% or 808,521 shares. 117.37 million shares or 0.48% less from 117.94 million shares in 2017Q1 were reported. Pioneer Investment Mngmt holds 725,155 shares. The firm has a market capitalization of $924.62 million, a PE ratio of 12.926 and a beta of 0.97. Hilltop Hldg Inc invested in 0.73% or 20,141 shares. Geode Mgmt Ltd Limited Liability Company holds 0.01% or 1.22 million shares in its portfolio. Pacad Inv Ltd stated it has 500 shares. Jacobs Levy Equity Management Incorporated invested 0.08% in Facebook Inc (NASDAQ:FB). Another trade for 750 shares valued at $115,308 was sold by Stretch Colin.

Analysts await Titan International Inc (NYSE:TWI) to report earnings on November, 2. Schroepfer Michael Todd sold 37,919 shares worth $5.73M. On average, analysts forecast that Banc of California will post $0.77 earnings per share for the current year. ValuEngine lowered Associated Banc-Corp from a "buy" rating to a "hold" rating in a research report on Friday, September 1st. BANC was included in 2 notes of analysts from October 20, 2016. The stock of Associated Banc Corp (NYSE:ASB) earned "Buy" rating by Deutsche Bank on Wednesday, January 13. The stock presently has an average rating of "Hold" and an average price target of $25.25. The firm has "Neutral" rating by Piper Jaffray given on Thursday, January 12.

01/13/2015 - Banc of California, Inc. was downgraded to "neutral" by analysts at Bank of America Merrill Lynch. The firm has "Mkt Perform" rating by JMP Securities given on Thursday, February 2. Axa stated it has 0% of its portfolio in Associated Banc Corp (NYSE:ASB).

About 610,606 shares traded.

01/23/2017 - Banc of California, Inc. was upgraded to "market perform" by analysts at FIG Partners. It has outperformed by 18.15% the S&P500. Keefe, Bruyette & Woods reissued a "hold" rating and issued a $26.00 price target on shares of Associated Banc-Corp in a research report on Tuesday, August 22nd. T_MX's profit would be $56.00M giving it 24.64 P/E if the $0.65 EPS is correct. After $0.36 actual earnings per share reported by Associated Banc Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Dimensional Fund Advisors L P invested 0.13% of its portfolio in Associated Banc Corp (NYSE:ASB). Pl Capital Advisors Llc owns 3.40 million shares or 19.25% of their U.S. portfolio. Moreover, Dalton Greiner Hartman Maher & Co has 1.14% invested in the company for 791,053 shares. The Illinois-based Pekin Singer Strauss Asset Management Il has invested 1.14% in the stock. Forest Hill Capital Llc, a Arkansas-based fund reported 558,776 shares.

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