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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.31
NYSE:BANC's Cash-to-Debt is ranked lower than
72% of the 1592 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.23 vs. NYSE:BANC: 0.31 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:BANC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06  Med: 0.15 Max: N/A
Current: 0.31
Equity-to-Asset 0.09
NYSE:BANC's Equity-to-Asset is ranked lower than
60% of the 1591 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. NYSE:BANC: 0.09 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:BANC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06  Med: 0.11 Max: 0.22
Current: 0.09
0.06
0.22
Interest Coverage 1.86
NYSE:BANC's Interest Coverage is ranked higher than
60% of the 1515 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.69 vs. NYSE:BANC: 1.86 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:BANC' s Interest Coverage Range Over the Past 10 Years
Min: 0.12  Med: 0.72 Max: 2.51
Current: 1.86
0.12
2.51
Beneish M-Score: -2.64
WACC vs ROIC
6.25%
6.08%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 20.93
NYSE:BANC's Operating Margin % is ranked lower than
65% of the 1606 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.37 vs. NYSE:BANC: 20.93 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:BANC' s Operating Margin % Range Over the Past 10 Years
Min: -8.88  Med: 8.08 Max: 25.01
Current: 20.93
-8.88
25.01
Net Margin % 19.80
NYSE:BANC's Net Margin % is ranked lower than
62% of the 1605 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.70 vs. NYSE:BANC: 19.80 )
Ranked among companies with meaningful Net Margin % only.
NYSE:BANC' s Net Margin % Range Over the Past 10 Years
Min: -8.01  Med: 7.64 Max: 19.8
Current: 19.8
-8.01
19.8
ROE % 9.64
NYSE:BANC's ROE % is ranked higher than
66% of the 1603 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.58 vs. NYSE:BANC: 9.64 )
Ranked among companies with meaningful ROE % only.
NYSE:BANC' s ROE % Range Over the Past 10 Years
Min: -2.04  Med: 2.04 Max: 11.7
Current: 9.64
-2.04
11.7
ROA % 1.06
NYSE:BANC's ROA % is ranked higher than
68% of the 1612 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. NYSE:BANC: 1.06 )
Ranked among companies with meaningful ROA % only.
NYSE:BANC' s ROA % Range Over the Past 10 Years
Min: -0.29  Med: 0.37 Max: 1.2
Current: 1.06
-0.29
1.2
3-Year Revenue Growth Rate -0.40
NYSE:BANC's 3-Year Revenue Growth Rate is ranked lower than
72% of the 1354 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.20 vs. NYSE:BANC: -0.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:BANC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 6.5 Max: 49.3
Current: -0.4
0
49.3
3-Year EBITDA Growth Rate 53.10
NYSE:BANC's 3-Year EBITDA Growth Rate is ranked higher than
96% of the 1256 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.40 vs. NYSE:BANC: 53.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:BANC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0.15 Max: 63.4
Current: 53.1
0
63.4
GuruFocus has detected 5 Warning Signs with Banc of California Inc $NYSE:BANC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:BANC's 30-Y Financials

Financials (Next Earnings Date: 2017-08-03 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

BANC Guru Trades in Q2 2016

Paul Tudor Jones 56,500 sh (New)
Jim Simons 1,248,000 sh (+59.75%)
David Dreman 138 sh (unchged)
Keeley Asset Management Corp Sold Out
Howard Marks Sold Out
Ken Fisher 224,800 sh (-8.81%)
» More
Q3 2016

BANC Guru Trades in Q3 2016

David Dreman 138 sh (unchged)
Paul Tudor Jones 48,900 sh (-13.45%)
Jim Simons 1,041,800 sh (-16.52%)
Ken Fisher 168,168 sh (-25.19%)
» More
Q4 2016

BANC Guru Trades in Q4 2016

Howard Marks 568,000 sh (New)
David Dreman 138 sh (unchged)
Jim Simons Sold Out
Ken Fisher 82,758 sh (-50.79%)
Paul Tudor Jones 23,100 sh (-52.76%)
» More
Q1 2017

BANC Guru Trades in Q1 2017

Michael Price 1,255,810 sh (New)
Ken Fisher 119,357 sh (+44.22%)
Paul Tudor Jones Sold Out
David Dreman Sold Out
Howard Marks Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with BANC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Preferred stocks of Banc of California Inc

SymbolPriceYieldDescription
BANCPRC27.095.54Deposit Shs Repr 1/40th 8% Non-Cum Perp Pfd Sr C
BANCPRD26.706.91Deposit Shs Repr 1/40th 7.375 % Non Cum Perp Pfd Shs Series -D-
BANCPRE26.587.24Deposit Shs Repr 1/40th Non-Cum Pfd Shs Series -E-

Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6021
Compare:NAS:CHCO, NAS:CFNL, NAS:STBZ, NAS:BRKL, NAS:EFSC, NAS:SBSI, NAS:SASR, NAS:LKFN, NAS:SBCF, NAS:BUSE, NYSE:CPF, NYSE:FBK, NAS:BNCL, NAS:LBAI, NAS:HAFC, NYSE:CUBI, AMEX:TMP, NAS:STBA, NAS:SRCE, NYSE:FBP » details
Traded in other countries:FPB.Germany,
Headquarter Location:USA
Banc of California Inc is a is a financial holding company. It offers banking and financial services. Its services include banking services, lending services and private banking services.

Banc of California Inc was incorporated under Maryland law in March 2002. The Company is a is a financial holding company and the parent of Banc of California, National Association, a national bank (the Bank), the Palisades Group, LLC, , and PTB Property Holdings, LLC. The Banks offers a variety of financial services to meet the banking and financial needs of the communities it serve. As of December 31, 2015, the Bank had 90 California banking locations including 35 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties. The principal business of the Bank consists of attracting retail deposits from the general public and investing these funds in commercial, consumer and real estate secured loans. The Bank's deposit product and service offerings include checking, savings, money market, certificates of deposit, retirement accounts as well as mobile, online, cash and treasury management, card payment services, remote deposit, ACH origination, employer/employee retirement planning, telephone banking, automated bill payment, electronic statements, safe deposit boxes, direct deposit and wire transfers. Bank customers also have the ability to access their accounts through a nationwide network of over 55,000 surcharge-free ATMs. The Company offers a number of commercial and consumer loan products, including commercial and industrial loans, commercial real estate mortgage loans, multi-family mortgage loans, SBA guaranteed business loans, construction loans, lease financing, single family 1-4 unit residential mortgage loans, home equity lines of credit, home equity loans and other consumer loans. Commercial and industrial loans are made to finance operations, provide working capital, or to finance the purchase of assets, equipment or inventory. The Company provides numerous Small Business Administration loan products through the Bank. The Company's non-traditional mortgage portfolio is comprised of three interest only products: the Green Account Loans, the hybrid interest only adjustable rate.

Top Ranked Articles about Banc of California Inc

DEADLINE ALERT - Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Banc of California, Inc. (BANC) and Lead Plaintiff Deadline - March 24, 2017

NEW YORK, March 22, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Banc of California, Inc. (“Banc of California” or the “Company”) (:BANC) and certain of its officers, on behalf of a class who purchased Banc securities between August 7, 2015 and January 20, 2017, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/banc. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. Banc is a financial holding company with operations in commercial, mortgage and corporate banking and financial advisory. The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose material adverse facts about its business, operations, and prospects, including that Banc had large ties to an alleged “fraudster” named Jason Galanis (“Galanis”) and that these connections could create substantial regulatory risk and jeopardize the market price of the Company’s stock. Consequently, Defendants’ positive statements about Banc’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis throughout the Class Period. On September 7, 2016, Bloomberg News published a report on Banc highlighting several related-party transactions, including Banc paying $100 million for the naming rights on Los Angeles's new soccer stadium for a soccer team whose investors included the brother of Banc's CEO, "marking the latest in a series of deals involving the CEO's family and associates," and stated that such "transactions, even when disclosed, should serve as warning signs for investors when deciding whether to buy stock."  In less than a week of article being published, Banc's stock dropped under $21 per share.  On September 20, 2016, Banc revealed that its CFO had resigned after only a year on the job.  Following this news, Banc's stock dropped again, and went from $20.51 per share to just $17.61 per share within a week. On October 18, 2016, Seeking Alpha published a report alleging that Banc of California had been concealing its numerous connections with Jason Galanis, who had been convicted of criminal securities fraud, including that: (1) Banc of California CEO Jason Sugarman was the founder, CEO, and indirect owner of a company controlled by Galanis; and (2) Galanis controlled Banc of California’s founding shareholder. The article also wrote that Banc of California had used an off-balance sheet entity to make loans to insiders. Following this news, Banc of California stock dropped over 29% per share to close at $11.26 per share on October 18, 2016. On November 10, 2016, Banc of California revealed that it was postponing the filing of its Form 10-Q Quarterly Report for the fiscal quarter ended September 30, 2016 in order for its Special Committee to finish its review of certain purported improper relationships and related party transactions.   Then, on January 23, 2017, Banc issued a press release divulging the resignation of its CEO and Chairman of the Board, Steven A. Sugarman, and said that the SEC had initiated a formal order of investigation directed at certain of the issues that Banc's Special Committee was reviewing concerning the Company's response to the October 18, 2016 Seeking Alpha article where Banc had mischaracterized the investigation into Seeking Alpha's allegations.  Following this news, Banc stock dropped $1.50 per share, or 9%, to close at $14.65 per share on January 23, 2017. A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/banc or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Banc you have until March 24, 2017 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

Read more...
BANC INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Banc of California, Inc. and a Lead Plaintiff Deadline of March 24, 2017

NEW YORK, March 21, 2017 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Central District of California on behalf of investors who purchased Banc of California, Inc. (:BANC) securities between August 7, 2015 and January 23, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra/banc-of-california-inc. There is no cost or obligation to you. According to the complaint, throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts, including: (1) that the Company had extensive ties to an alleged “fraudster” named Jason Galanis (“Galanis”); (2) that, given Galanis’ history, the Company’s ties to Galanis created substantial regulatory risk; (3) that revelation of Galanis’ ties to the Company could cause a substantial decline in the market price of the Company’s securities; (4) that the Company allegedly misled investors concerning the Company’s connections with Galanis; and (5) that, as a result of the foregoing, Defendants’ positive statements about Banc of California’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. If you suffered a loss in Banc of California you have until March 24, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/banc-of-california-inc. Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.  Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:   
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: [email protected]

Read more...
UPDATED CLASS PERIOD FOR BANC INVESTORS: Lundin Law PC Announces Securities Class Action Lawsuit against Banc of California, Inc., and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, March 18, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Banc of California, Inc. (“Banc of California” or the “Company”) (:BANC) concerning possible violations of federal securities laws between August 7, 2015 and January 23, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the March 24, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at [email protected]. No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member. Seeking Alpha released an article claiming that Banc of California had concealed several connections between it and Jason Galanis, who has been convicted of criminal securities fraud. Specifically, the Complaint maintains that: Banc of California CEO Jason Sugarman was the founder, CEO, and indirect owner of a company controlled by Galanis; and that separately, Galanis controlled Banc of California’s founding shareholder. The Complaint further claims that Banc of California was using an off-balance sheet entity to render loans to insiders. Then, on November 10, 2016, Banc of California revealed it would be stalling the filing of its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016 so that its Special Committee could complete a review into the aforementioned improper relationships and related party transactions. On January 23, 2017, Banc of California stated that the Securities and Exchange Commission is pursuing a formal order of investigation directed at these same issues. When this news was released to the public, the value of Banc dropped, causing investors harm. Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
[email protected]
http://lundinlawpc.com/

Read more...
BANC OF CALIFORNIA SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Banc of California, Inc. – (BANC)

NEW ORLEANS, March 17, 2017 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., reminds investors that they have until March 24, 2017 to file lead plaintiff applications in a securities class action lawsuit against Banc of California, Inc. (:BANC), if they purchased the Company’s securities between August 7, 2015 and January 23, 2017, inclusive (the “Class Period”).  The action is pending in United States District Court for the Central District of California. 
What You May Do If you purchased securities of Banc of California and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 24, 2017. About the Lawsuit Banc of California and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.  On October 18, 2016, SeekingAlpha published an article alleging that the Company’s senior officers and board members have ties to Jason Galanis, who purportedly has a “long history of secretly gaining control of banks and public companies via front men, looting assets, and leaving unsuspecting investors and taxpayers with hundreds of millions in losses.”  Then, on January 23, 2017, the Company disclosed the resignation of its CEO and the opening of an SEC investigation into the Company. On this news, the price of the Company’s shares plummeted.  About Kahn Swick & Foti, LLC KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
206 Covington St.
Madisonville, LA 70447

Read more...
INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of Banc of California, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 24, 2017 – BANC

NEW YORK, March 17, 2017 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Banc of California, Inc. (:BANC) between August 7, 2015 and January 23, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Central District of California. To get more information go to: http://www.zlk.com/pslra/banc-of-california-inc or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts, including: (1) that the Company had extensive ties to an alleged “fraudster” named Jason Galanis (“Galanis”); (2) that, given Galanis’ history, the Company’s ties to Galanis created substantial regulatory risk; (3) that revelation of Galanis’ ties to the Company could cause a substantial decline in the market price of the Company’s securities; (4) that the Company allegedly misled investors concerning the Company’s connections with Galanis; and (5) that, as a result of the foregoing, Defendants’ positive statements about Banc of California’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. If you suffered a loss in Banc of California you have until March 24, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

Read more...
Deadline Reminder for Banc of California, Inc. Shareholders – BANC

RADNOR, Pa., March 09, 2017 (GLOBE NEWSWIRE) -- Kessler Topaz Meltzer & Check, LLP reminds Banc of California, Inc. (:BANC) (“Banc of California” or the “Company”) shareholders that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of purchasers of Banc of California’s securities between August 7, 2015 and January 23, 2017, inclusive (the “Class Period”). 
DEADLINE REMINDER: Banc of California shareholders may, no later than March 24, 2017, petition the Court to be appointed as a lead plaintiff representative of the class.  For additional information or to learn how to participate in this action please visit https://www.ktmc.com/new-cases/banc-of-california-inc#join Shareholders who wish to discuss their legal rights or interests with respect to this action are encouraged to contact Kessler Topaz Meltzer & Check (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or (610) 667 – 7706, or via e-mail at [email protected]. Banc of California provides banking and home lending services to individuals and businesses.  As detailed in the complaint, on October 18, 2016, SeekingAlpha.com published an article entitled “BANC: Extensive Ties To Notorious Fraudster Jason Galanis Make Shares Un-Investible.”  That article alleged that Banc of California’s senior-most officers and board members have ties to Jason Galanis (“Galanis”), who the article claimed has a “long history of secretly gaining control of banks and public companies via front men, looting assets, and leaving unsuspecting investors and taxpayers with hundreds of millions in losses.”  Following this news, shares of the Company’s stock declined $4.61 per share, or 29%, to close on October 18, 2016 at $11.26 per share. Then, on January 23, 2017, Banc of California disclosed that its Chief Executive Officer (“CEO”) had resigned and that the United States Securities and Exchange Commission had opened an investigation into whether the Company had misled investors in its response to the October 2016 SeekingAlpha report.  Following this news, shares of the Company’s stock declined $1.50 per share, or 9.3%, to close on January 23, 2017 at $14.65 per share. The complaint alleges that, throughout the Class Period, Banc of California and certain of its executive officers made a series of false and misleading statements and/or failed to disclose: (1) that the company had extensive ties to Galanis; (2) that, given Galanis’ history, the Company’s ties to Galanis created substantial regulatory risk; (3) that revelation of Galanis’ ties to the company could cause a substantial decline in the market price of the Company’s securities; and (4) that the Company’s communications to investors regarding the SeekingAlpha investigation was misleading.  The complaint further alleges that, as a result of the foregoing, the defendants’ positive statements about Banc of California’s business, operations and prospects were false and misleading and/or lacked a reasonable basis. Banc of California shareholders may, no later than March 24, 2017, petition the Court to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check or other counsel, or may choose to do nothing and remain an absent class member.  A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action.  Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.  For additional information, or to learn how to participate in this action, please visit https://www.ktmc.com/new-cases/banc-of-california-inc#join Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country.  Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  The complaint in this action was not filed by Kessler Topaz Meltzer & Check.  For more information about Kessler Topaz Meltzer & Check, please visit www.ktmc.com.
CONTACT:

Kessler Topaz Meltzer & Check, LLP
Darren J. Check, Esq.
D. Seamus Kaskela, Esq.
Adrienne O. Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(888) 299-7706
(610) 667-7706
[email protected]

Read more...
BANC Investor Reminder: Hagens Berman Reminds Investors in Banc of California of the March 24, 2017 Lead Plaintiff Deadline

SAN FRANCISCO, March 03, 2017 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in Banc of California (:BANC) of the March 24, 2017 Lead Plaintiff deadline in the pending securities class action.
If you purchased or otherwise acquired securities of BANC between August 7, 2015 and January 20, 2017 and suffered over $50,000 in losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit: https://www.hbsslaw.com/cases/BANC or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing [email protected]. On October 18, 2016, the price of BANC shares fell nearly 29% after SeekingAlpha published a report stating that BANC’s Chief Executive Officer (Steven Sugarman) had undisclosed ties to a criminal convicted of manipulating Gerova Financial Ltd. stock.  The Company issued a press release that day stating that BANC’s disinterested directors investigated the matter. However, the SEC issued a formal order of investigation and a subpoena of the Company on January 12, 2017, after which the Company issued a January 23, 2017 statement admitting it made false statements in its October 18, 2016 release. Hagens Berman is currently investigating the extent of these false statements. “The relationship between BANC’s senior executives and an admitted financial criminal is obviously information any reasonable shareholder would want to know before investing in a company’s stock,” said Hagens Berman partner Reed Kathrein. Whistleblowers: Persons with non-public information regarding Banc of California should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected]. About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000

Read more...
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Ratios

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industry
vs
history
PE Ratio 11.32
BANC's PE Ratio is ranked higher than
69% of the 1510 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.59 vs. BANC: 11.32 )
Ranked among companies with meaningful PE Ratio only.
BANC' s PE Ratio Range Over the Past 10 Years
Min: 7.08  Med: 23.38 Max: 342.25
Current: 11.32
7.08
342.25
Forward PE Ratio 17.30
BANC's Forward PE Ratio is ranked higher than
80% of the 839 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.93 vs. BANC: 17.30 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 12.38
BANC's PE Ratio without NRI is ranked higher than
69% of the 1477 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.63 vs. BANC: 12.38 )
Ranked among companies with meaningful PE Ratio without NRI only.
BANC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 7.33  Med: 23.38 Max: 342.25
Current: 12.38
7.33
342.25
Price-to-Owner-Earnings 44.31
BANC's Price-to-Owner-Earnings is ranked higher than
62% of the 882 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.21 vs. BANC: 44.31 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
BANC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4.06  Med: 22.3 Max: 135.98
Current: 44.31
4.06
135.98
PB Ratio 1.43
BANC's PB Ratio is ranked lower than
64% of the 1611 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. BANC: 1.43 )
Ranked among companies with meaningful PB Ratio only.
BANC' s PB Ratio Range Over the Past 10 Years
Min: 0.25  Med: 0.93 Max: 1.7
Current: 1.43
0.25
1.7
PS Ratio 1.78
BANC's PS Ratio is ranked higher than
83% of the 1586 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.40 vs. BANC: 1.78 )
Ranked among companies with meaningful PS Ratio only.
BANC' s PS Ratio Range Over the Past 10 Years
Min: 0.64  Med: 1.59 Max: 5.8
Current: 1.78
0.64
5.8
Price-to-Free-Cash-Flow 7.22
BANC's Price-to-Free-Cash-Flow is ranked lower than
99.99% of the 870 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.33 vs. BANC: 7.22 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
BANC' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 1.22  Med: 9.14 Max: 97.23
Current: 7.22
1.22
97.23
Price-to-Operating-Cash-Flow 5.37
BANC's Price-to-Operating-Cash-Flow is ranked lower than
99.99% of the 940 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.82 vs. BANC: 5.37 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
BANC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.21  Med: 6.7 Max: 75.24
Current: 5.37
1.21
75.24
EV-to-EBIT 18.45
BANC's EV-to-EBIT is ranked higher than
57% of the 1668 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.52 vs. BANC: 18.45 )
Ranked among companies with meaningful EV-to-EBIT only.
BANC' s EV-to-EBIT Range Over the Past 10 Years
Min: -112.9  Med: 21.3 Max: 3858.6
Current: 18.45
-112.9
3858.6
EV-to-EBITDA 16.16
BANC's EV-to-EBITDA is ranked higher than
57% of the 1685 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.29 vs. BANC: 16.16 )
Ranked among companies with meaningful EV-to-EBITDA only.
BANC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -145.6  Med: 16.5 Max: 488.6
Current: 16.16
-145.6
488.6
Shiller PE Ratio 41.89
BANC's Shiller PE Ratio is ranked lower than
89% of the 479 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 20.93 vs. BANC: 41.89 )
Ranked among companies with meaningful Shiller PE Ratio only.
BANC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 17.68  Med: 27.3 Max: 52.23
Current: 41.89
17.68
52.23

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.46
BANC's Dividend Yield % is ranked lower than
56% of the 2319 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.69 vs. BANC: 2.46 )
Ranked among companies with meaningful Dividend Yield % only.
BANC' s Dividend Yield % Range Over the Past 10 Years
Min: 1.56  Med: 3.64 Max: 11.82
Current: 2.46
1.56
11.82
Dividend Payout Ratio 0.29
BANC's Dividend Payout Ratio is ranked higher than
78% of the 1315 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. BANC: 0.29 )
Ranked among companies with meaningful Dividend Payout Ratio only.
BANC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.25  Med: 0.6 Max: 1.2
Current: 0.29
0.25
1.2
3-Year Dividend Growth Rate 0.70
BANC's 3-Year Dividend Growth Rate is ranked lower than
76% of the 768 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. BANC: 0.70 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
BANC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0.35 Max: 34.3
Current: 0.7
0
34.3
Forward Dividend Yield % 2.55
BANC's Forward Dividend Yield % is ranked lower than
57% of the 2248 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.73 vs. BANC: 2.55 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 2.61
BANC's 5-Year Yield-on-Cost % is ranked lower than
62% of the 2649 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.31 vs. BANC: 2.61 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
BANC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.66  Med: 3.86 Max: 12.55
Current: 2.61
1.66
12.55
3-Year Average Share Buyback Ratio -35.30
BANC's 3-Year Average Share Buyback Ratio is ranked lower than
95% of the 1042 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.80 vs. BANC: -35.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
BANC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -47.4  Med: -13.35 Max: 0
Current: -35.3
-47.4
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.66
BANC's Price-to-Tangible-Book is ranked lower than
71% of the 1576 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.27 vs. BANC: 1.66 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
BANC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.29  Med: 1.17 Max: 2.08
Current: 1.66
0.29
2.08
Price-to-Median-PS-Value 1.13
BANC's Price-to-Median-PS-Value is ranked higher than
61% of the 1462 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.14 vs. BANC: 1.13 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
BANC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0  Med: 1.5 Max: 11.17
Current: 1.13
0
11.17
Price-to-Graham-Number 0.96
BANC's Price-to-Graham-Number is ranked higher than
53% of the 1364 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.96 vs. BANC: 0.96 )
Ranked among companies with meaningful Price-to-Graham-Number only.
BANC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0  Med: 1.2 Max: 4.62
Current: 0.96
0
4.62
Earnings Yield (Greenblatt) % 5.42
BANC's Earnings Yield (Greenblatt) % is ranked higher than
67% of the 2207 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.95 vs. BANC: 5.42 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
BANC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.2  Med: 2.9 Max: 40.9
Current: 5.42
0.2
40.9
Forward Rate of Return (Yacktman) % -15.62
BANC's Forward Rate of Return (Yacktman) % is ranked lower than
93% of the 890 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.45 vs. BANC: -15.62 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
BANC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -100.3  Med: 14.6 Max: 44.2
Current: -15.62
-100.3
44.2

More Statistics

Revenue (TTM) (Mil) $570.4
EPS (TTM) $ 1.79
Beta0.99
Short Percentage of Float43.47%
52-Week Range $10.93 - 23.25
Shares Outstanding (Mil)50.26

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 520 593
EPS ($) 1.41 1.80
EPS without NRI ($) 1.41 1.80
EPS Growth Rate
(Future 3Y To 5Y Estimate)
15.00%
Dividends per Share ($) 0.50 0.56
» More Articles for BANC

Headlines

Articles On GuruFocus.com
Banc of California Announces Schedule of First Quarter 2017 Earnings Release and Conference Call May 02 2017 
Banc of California Names Doug Bowers President and Chief Executive Officer Apr 27 2017 
Mary Curran and Bonnie Hill Appointed to Board of Directors and Eric Holoman Announces Resignation Apr 04 2017 
DEADLINE ALERT - Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Banc o Mar 22 2017 
BANC INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving B Mar 21 2017 
UPDATED CLASS PERIOD FOR BANC INVESTORS: Lundin Law PC Announces Securities Class Action Lawsuit aga Mar 18 2017 
BANC OF CALIFORNIA SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC RE Mar 18 2017 
INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of Banc of California, Inc. of a Class Actio Mar 17 2017 
Deadline Reminder for Banc of California, Inc. Shareholders – BANC Mar 09 2017 
BANC Investor Reminder: Hagens Berman Reminds Investors in Banc of California of the March 24, 2017 Mar 03 2017 

More From Other Websites
Weakness Seen in Banc of California (BANC) Estimates: Should You Stay Away? May 22 2017
Banc of California Announces Quarterly Dividends May 18 2017
Edited Transcript of BANC earnings conference call or presentation 3-May-17 2:00pm GMT May 06 2017
Banc of California, Inc. breached its 50 day moving average in a Bearish Manner : BANC-US : May 5,... May 05 2017
Analysts' Actions -- Kraft Heinz, Sysco, Molson Coors, Tractor Supply and More May 04 2017
Banc of California misses Street 1Q forecasts May 03 2017
Banc of California Reports First Quarter 2017 Earnings May 03 2017
Banc of California Announces Schedule of First Quarter 2017 Earnings Release and Conference Call May 02 2017
Banc of California Names Doug Bowers President and Chief Executive Officer Apr 27 2017
Bank Stocks' Earnings to Watch on Apr 27: ISBC, GWB & More Apr 26 2017
Stocks With Rising Composite Ratings: Banc of California Apr 24 2017
Banc of California, Inc. : BANC-US: Dividend Analysis : March 15th, 2017 (record date) : By the... Apr 05 2017
Mary Curran and Bonnie Hill Appointed to Board of Directors and Eric Holoman Announces Resignation Apr 04 2017
SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Banc of... Mar 22 2017
March 24 Deadline Alert: Law Offices of Howard G. Smith Reminds Banc of California, Inc. Investors... Mar 22 2017
DEADLINE ALERT - Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Banc... Mar 22 2017
BANC OF CALIFORNIA 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney... Mar 21 2017
Expanded Class Period and Final Deadline Reminder for Banc of California, Inc. Shareholders - BANC Mar 21 2017
SHAREHOLDER NOTICE: Lundin Law PC Announces Securities Class Action Lawsuit against Banc of... Mar 21 2017
BANC INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving... Mar 21 2017

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