Bank of California was the topic of a report written by investment analysts working for StockNews.com on Thursday, and it was sent out to investors along with the website (NYSE: BANC).
The stock of the financial institution received a rating of “Hold” from the brokerage firm.
On January 19, the Bank of California (NYSE: BANC) made its most recent quarterly earnings report available to the general public.
The bank reported that its profits for the quarter came in at $0.45, which is an increase of $0.01 over the predictions that analysts made as a consensus.
In their financial statements, the Bank of California indicated that they had achieved a return on equity of 13.52 percent and a netting margin of $31,000.
The company’s sales for the quarter came in at $78.79 million, significantly lower than the consensus projection of $86.0 million made for company sales.
Analysts in the financial sector anticipate that the Bank of California will achieve a profit rate of 1.65 cents per share in 2018, which aligns with their projections.
When trading began on Thursday, a share of Bank of California stock was $13.42 per share.
The stock price of the Bank of California has ranged from a low of $13.06 to a high of $20.62 over the past 52 weeks.
These two prices are identical; a Bank of California stock share was $13.42 per share.
The stock price of the Bank of California has ranged from a low of $13.06 to a high of $20.62 over the past 52 weeks.
These two prices are identical.
There is no difference between any of the ratios, which means that the quick ratio, the current ratio, and the debt-to-equity ratio all equal 1.
The company’s market capitalization is currently estimated to be worth $792.18 million; the PE ratio of the company is 7.14, and its beta value is 1.27.
The average price of the company’s stock over the past 50 days is $17.09, while the average price over the past 200 days is $16.70.
In recent times, various research companies have each provided their unique point of view about BANC. Stephens increased their price objective on Bank of California from $17.00 to $19.00 in a report distributed on November 28.
In a research made public on December 15, Wells Fargo & Company downgraded the Bank of California from an “overweight” rating to a “neutral” one.
The investment bank also decreased its price objective for the stock from $22.00 to $20.00.
The analysts think investors should maintain a hold position, but one suggests investors buy the stock.
According to the data made available by Bloomberg, the stock is currently rated “Hold,” Market experts forecast it will reach an average price of $20.33 within the next few months.
In related news, Bank of California director James Andrew Barker purchased 15,000 shares of the company’s stock on Monday, March 13.
This information was published in the media.
As a result of the purchase of the stock at an average price of $13.50 per share, a total expenditure of $202,500.00 was incurred.
The director now directly owns 139,680 shares of the company, and the total value of those shares on the market is $1,885,680.
This is a direct result of the acquisition that took place. You will be taken to a legal file submitted to the Securities and Exchange Commission if you click on the link provided for you, where you can obtain additional information regarding the acquisition.
Insiders of the company own 12.28% of the total shares of stock in the company.
Several significant investors have made recent modifications to their stock holdings throughout the most recent short period.
During the fourth quarter of this fiscal year, the Teachers Retirement System of Kentucky increased the percentage of its holdings invested in the Bank of California by 25.7%.
The Teachers Retirement System of the State of Kentucky now has a total holdings volume of 17,187 shares, valued at $274,000, thanks to the recent purchase of 3,509 additional shares during the most recent quarter.
This brings the organization’s total number of shares in its portfolio up to 17,187.
During the last three months of 2018, Alliancebernstein L.P. saw a rise of 3.6% in the total number of Bank of California shares it held in its portfolio.
Alliancebernstein L.P. now has 202,971 shares of the bank’s stock, valued at $3,230,000, after purchasing an additional 7,073 shares during the most recent quarter.
This brings the total number of shares that the company owns to 202,971.
Point 72 Middle East FZE spent roughly $54,000 during the fourth quarter to acquire a new investment in the Bank of California.
This purchase was made during the period.
During the quarter, this investment was completed.
During the last three months of 2018, Susquehanna Fundamental Investments LLC completed a new investment valued at $950,000.
The Bank of California was the location where this investment was made. Finally, but certainly not least, during the last three months of 2018, Legal & General Group Plc increased the percentage of Bank of California shares it held by 3%.
Legal & General Group Plc now has 137,235 shares of the bank’s stock following the acquisition of an additional 4,018 shares during the most recent quarter.
This gives the company a total value of $2,186,00 because it has 137,235 shares.
Institutional investors and hedge funds currently own 92.54% of the company’s shares combined. Other shareholders include private individuals.