Banc of California
Market Cap
US$923.5m
Last Updated
2021/05/06 22:39 UTC
Data Sources
Company Financials +
Executive Summary
Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Banc of California's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BANC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BANC's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
0.2%
BANC
2.4%
US Banks
-1.7%
US Market
1 Year Return
85.6%
BANC
82.9%
US Banks
51.8%
US Market
Return vs Industry: BANC exceeded the US Banks industry which returned 83.3% over the past year.
Return vs Market: BANC exceeded the US Market which returned 52.8% over the past year.
Shareholder returns
| BANC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 2.4% | -1.7% |
| 30 Day | -0.3% | 6.5% | 1.5% |
| 90 Day | 1.8% | 22.6% | 3.1% |
| 1 Year | 89.1%85.6% | 88.8%82.9% | 54.4%51.8% |
| 3 Year | 4.3%-2.4% | 28.3%17.4% | 63.0%52.8% |
| 5 Year | 7.1%-4.8% | 115.1%88.1% | 127.2%101.9% |
Long-Term Price Volatility Vs. Market
How volatile is Banc of California's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Don't Race Out To Buy Banc of California, Inc. (NYSE:BANC) Just Because It's Going Ex-Dividend2 months ago | Simply Wall St
How Many Banc of California, Inc. (NYSE:BANC) Shares Did Insiders Buy, In The Last Year?3 months ago | Simply Wall St
Banc of California, Inc. (NYSE:BANC) Investors Should Think About This Before Buying It For Its DividendValuation
Is Banc of California undervalued compared to its fair value and its price relative to the market?
56.03x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BANC ($18.34) is trading above our estimate of fair value ($18.15)
Significantly Below Fair Value: BANC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BANC is poor value based on its PE Ratio (56x) compared to the US Banks industry average (12.1x).
PE vs Market: BANC is poor value based on its PE Ratio (56x) compared to the US market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: BANC is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: BANC is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).
Future Growth
How is Banc of California forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
62.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BANC's forecast earnings growth (62.1% per year) is above the savings rate (2%).
Earnings vs Market: BANC's earnings (62.1% per year) are forecast to grow faster than the US market (15.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BANC's revenue (16.1% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: BANC's revenue (16.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BANC's Return on Equity is forecast to be low in 3 years time (9.7%).
Past Performance
How has Banc of California performed over the past 5 years?
-51.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BANC has a large one-off loss of $31.7M impacting its March 31 2021 financial results.
Growing Profit Margin: BANC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BANC's earnings have declined by 51.6% per year over the past 5 years.
Accelerating Growth: BANC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BANC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (17.2%).
Return on Equity
High ROE: BANC's Return on Equity (4.2%) is considered low.
Financial Health
How is Banc of California's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: BANC's Assets to Equity ratio (9.9x) is low.
Allowance for Bad Loans: BANC has a sufficient allowance for bad loans (142%).
Low Risk Liabilities: 86% of BANC's liabilities are made up of primarily low risk sources of funding.
Loan Level: BANC has an appropriate level of Loans to Assets ratio (72%).
Low Risk Deposits: BANC's Loans to Deposits ratio (93%) is appropriate.
Level of Bad Loans: BANC has an appropriate level of bad loans (1%).
Dividend
What is Banc of California current dividend yield, its reliability and sustainability?
1.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BANC's dividend (1.31%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: BANC's dividend (1.31%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: BANC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BANC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.3%), BANC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Jared Wolff (50 yo)
2.17yrs
Tenure
US$2,116,002
Compensation
Mr. Jared M. Wolff is President and Chief Executive Officer of Banc of California, Inc. and director since March 18, 2019. Mr. Wolff also serves as Chairman of the Board of Banc of California, N.A. and its...
CEO Compensation Analysis
Compensation vs Market: Jared's total compensation ($USD2.12M) is about average for companies of similar size in the US market ($USD2.34M).
Compensation vs Earnings: Jared's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BANC's management team is considered experienced (2.1 years average tenure).
Board Members
Experienced Board: BANC's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BANC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Banc of California, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Banc of California, Inc.
- Ticker: BANC
- Exchange: NYSE
- Founded: 1941
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$923.450m
- Shares outstanding: 50.63m
- Website: https://bancofcal.com
Number of Employees
Location
- Banc of California, Inc.
- 3 MacArthur Place
- Santa Ana
- California
- 92707
- United States
Listings
Biography
Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit produ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/06 22:39 |
| End of Day Share Price | 2021/05/06 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.