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Saturday, November 28, 2020

NYSE: BANC To Earn $61.05 Million In Sales As Per Stock Market Analysts

BANC of California Inc (NYSE: BANC) has been issued a sales estimation of $61.05 million. The stock market analysts have estimated that the company will witness $62.60 million as its highest sales, and its lowest sales will be $58.85 million. 

In 2019, NYSE: BANC earned $62.10 million in sales. We will find out how much BANC of California has earned for this quarter on 22nd October during the Thursday report. 

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As per Zachs stock market analysts, NYSE: BANC’s yearly sales for this year will be $236.45 million. The estimated range between $232.24 million and $249.60 million. The market analysts anticipate that the coming will earn $247.81 million in sales next year. The estimates range between $239.69 million and $261.20 million. 

What Do The Stock Market Analysts Say About NYSE: BANC Recent Reports? 

ValuEngine decreases its BANC of California shares to a rating of “hold” from a rating of “buy” on 3rd August during the Monday report. Piper Sandler also reduced its price target on NYSE: BANC shares to $14.00 from $16.00. They further issued a rating of “overweight” on 1st October during a Thursday report. Similarly, Zachs Investment Research cut its NYSE: BANC shares to a rating of “hold” from a rating of “buy” on 28th September during a Monday report. Last but not the least, DA Davidson increased its NYSE: BANC shares to a rating of “buy” from a rating of “hold” on 3rd September during a Thursday Report. They also increased their price target to $13.50 from $12.50. 

Three stock market analysts issued a rating of “hold” to BANC of California. Meanwhile, three analysts issued a rating of “buy.” Currently, the company has an average “bu rating. Its average target price is $12.50. 

Which Investors Recently Decreased Or Increased Their BANC of California Stakes?

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Tower Research Capital LLC TRC bought an estimate of $35,000 worth of shares from NYSE: BANC. Advisor Group Holdings Inc also purchased an estimate of $72,000 worth of shares. Similarly, Beese Fulmer Investment Management Inc purchased an estimate of $99,000 worth of NYSE: BANC shares. Jane Street Group LLC also bought an estimate of $111,000 worth of BANC of California shares. Last but not the least, BNP Paribas Arbitrage SA bought 8,108 company shares in addition to what they already owned. 

On Friday, NYSE: BANC started at $11.42. BANC of California’s 50 days moving average stands at $10.92. Its 200 days moving average stands at $10.33. 

The firm announced that it would lag dividends to stockholders as of 15th September. The dividend paid was $0.06 EPS. 

BANC of California’s current market capitalization is $574.15 million. 

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