NYSE:BANCBanks
A Look At Banc Of California’s (BANC) Valuation As Debt Redemption And Buybacks Take Center Stage
Redemption and Buyback Moves Put Capital Management in Focus
Banc of California (BANC) drew investor attention after announcing plans to redeem $385 million of subordinated notes originally issued by Pacific Western Bank and to extend its share repurchase plan through March 16, 2027.
See our latest analysis for Banc of California.
The latest debt redemption and buyback announcements arrive after a 1-day share price return of 3.53% to US$17.58. However, the 90-day share price return of 8.86%...