On May 21, 2025, Jefferies analyst David Chiaverini initiated coverage on Banc of California (BANC, Financial) with a "Buy" rating. This new insight from Jefferies puts the spotlight on Banc of California among investors looking for promising opportunities in the financial sector.
The investment firm announced a price target of $18.00 USD for BANC. This target price suggests a positive outlook for the stock's performance in the market. As part of this announcement, the analyst did not provide any prior adjusted price target, making this initiation a fresh coverage on the equity.
Jefferies' initiation of coverage with a "Buy" recommendation underscores a degree of confidence in Banc of California's future potential and market position. Investors and market watchers will be keen to follow any developments related to BANC as a result of this forward-looking analysis.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Banc of California Inc (BANC, Financial) is $17.22 with a high estimate of $20.00 and a low estimate of $15.00. The average target implies an upside of 20.35% from the current price of $14.31. More detailed estimate data can be found on the Banc of California Inc (BANC) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Banc of California Inc's (BANC, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Banc of California Inc (BANC, Financial) in one year is $19.46, suggesting a upside of 35.99% from the current price of $14.31. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Banc of California Inc (BANC) Summary page.
