What Analysts Are Saying About Banc of California Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed opinions on Banc of California (NYSE:BANC) with recent ratings showing a shift towards a more neutral stance. The average 12-month price target has decreased by 4.84%, reflecting a cautious outlook. Financial indicators reveal challenges in revenue growth, profitability, and debt management.
July 24, 2024 | 12:01 pm
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NEGATIVE IMPACT
Analysts have mixed opinions on Banc of California with a shift towards a more neutral stance. The average 12-month price target has decreased by 4.84%, indicating a cautious outlook. Financial indicators reveal challenges in revenue growth, profitability, and debt management.
The decrease in the average price target by 4.84% and the mixed analyst ratings suggest a cautious outlook for Banc of California. Financial challenges such as declining revenue growth, low profitability, and high debt levels further support a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100