As of September 5, 2023, Guggenheim Capital LLC has announced an increase in its position in shares of Banc of California, Inc. (NYSE:BANC). According to the company’s most recent disclosure with the Securities and Exchange Commission, Guggenheim Capital LLC now owns 67,381 shares of the bank’s stock after purchasing an additional 25,375 shares during the first quarter. This represents a significant increase of 60.4% in their ownership stake. As of their most recent filing, Guggenheim Capital LLC’s ownership stake in Banc of California is valued at $844,000.
Banc of California (NYSE:BANC) recently reported its quarterly earnings data on Tuesday, July 25th. The bank exceeded expectations by posting earnings per share of $0.32 for the quarter, surpassing the consensus estimate by $0.01. Furthermore, Banc of California achieved a net margin of 19.01% and a return on equity of 9.78%. The business generated revenue amounting to $75.66 million during this period, slightly lower than analysts’ expectations of $76.23 million.
Analysts are predicting that Banc of California will post earnings per share (EPS) of 1.26 for the current fiscal year.
For more detailed information and analysis on Banc of California’s performance and prospects, we invite you to view our latest report on the company. We provide comprehensive insights into various aspects such as financial performance, market trends, and future growth opportunities.
As always when making investment decisions in the stock market or any other financial endeavor, it is important to conduct thorough research and carefully consider all available information before making any decisions or recommendations related to buying or selling stocks.
Please note that this article is based solely on publicly available information as stated on September 5, 2023 and does not constitute financial advice or guidance.
Banc of California, Inc.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Buy
DCF: Strong Buy
5:00 PM (UTC)
Date:03 December, 2023
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Institutional Investors Increase Holdings in Banc of California, Inc.
In recent news, Banc of California, Inc. has experienced various changes in its ownership stakes by institutional investors. Notably, BlackRock Inc. has slightly increased its holdings in shares of the bank. The company now owns 8,829,206 shares of Banc of California’s stock, which are valued at $170,933,000 after purchasing an additional 38,558 shares during the last quarter.
Another institutional investor that has seen a rise in its holdings is Dimensional Fund Advisors LP. They now own 3,867,399 shares of the bank’s stock, valued at $61,608,000 after purchasing an additional 182,455 shares during the last quarter.
Vanguard Group Inc., too, saw an increase in its holdings by 1.2% during the third quarter. They currently possess 3,664,891 shares of Banc of California’s stock valued at $58,529,000 after purchasing an additional 44,120 shares during the last quarter.
Furthermore,Gode Capital Management LLC witnessed a surge of 4.4% in their holdings during the fourth quarter and now possess 9821-38shares ($15}(?,194)[EFAULTVALUE9:+)of the , formallyCompany.defaultProps