Banc of California (NYSE:BANC – Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.09), Zacks reports. The business had revenue of $492.38 million during the quarter, compared to analyst estimates of $271.42 million. Banc of California had a positive return on equity of 2.27% and a negative net margin of 21.99%. During the same period in the prior year, the firm earned $0.32 EPS.
Banc of California Stock Performance
NYSE:BANC opened at $12.95 on Thursday. Banc of California has a 12 month low of $9.96 and a 12 month high of $16.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50 day moving average is $13.37 and its 200-day moving average is $13.84.
Banc of California Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, June 14th. Banc of California’s dividend payout ratio is -12.01%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Banc of California
About Banc of California
Banc of California, Inc operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes.
See Also
- Five stocks we like better than Banc of California
- What is Forex and How Does it Work?
- Enphase Energy Stock: Growth in the Renewable Energy Transition
- Russell 2000 Index, How Investors Use it For Profitable Trading
- ASML Stock Nearing Bottom: Is Now the Time to Buy?
- The Significance of Brokerage Rankings in Stock Selection
- Earnings Season Sell-Off: Is This Tech Giant a Buy?
Receive News & Ratings for Banc of California Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banc of California and related companies with MarketBeat.com's FREE daily email newsletter.