10 Analysts Have This To Say About Banc of California
Portfolio Pulse from Benzinga Insights
Analyst ratings for Banc of California (NYSE:BANC) show a mix of bullish and bearish perspectives with recent adjustments in price targets and ratings. The average 12-month price target is now $16.2, slightly lower than the previous $16.29. Analysts from firms like Stephens & Co., Piper Sandler, Truist Securities, Barclays, Wedbush, Wells Fargo, and Keefe, Bruyette & Woods have made various adjustments, reflecting a nuanced view of the bank's prospects. Banc of California's financial performance indicates solid revenue growth but challenges in profitability, asset utilization, and high debt levels.
May 13, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Analyst ratings for Banc of California show a nuanced perspective with a slight decrease in the average price target to $16.2. The bank's solid revenue growth contrasts with challenges in profitability, asset utilization, and a high debt-to-equity ratio.
The mixed analyst ratings with both upgrades and downgrades reflect a cautious but not overtly negative outlook for Banc of California. The slight decrease in the average price target suggests tempered expectations. However, the bank's significant revenue growth indicates potential upside, balanced by concerns over profitability, asset utilization, and leverage. These factors contribute to a neutral short-term impact assessment, acknowledging both the positive revenue trends and the challenges that may cap near-term stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100