Banc of California, Inc.

NYSE:BANC Stock Report

Market Cap: US$3.0b

Banc of California Valuation

Is BANC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BANC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BANC ($17.45) is trading above our estimate of fair value ($13.92)

Significantly Below Fair Value: BANC is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BANC?

Key metric: As BANC is an unprofitable bank we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for BANC. This is calculated by dividing BANC's market cap by their current book value.
What is BANC's PB Ratio?
PB Ratio1x
BookUS$3.00b
Market CapUS$3.00b

Price to Book Ratio vs Peers

How does BANC's PB Ratio compare to its peers?

The above table shows the PB ratio for BANC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.3x
PPBI Pacific Premier Bancorp
0.9x40.3%US$2.8b
FBK FB Financial
1.7x24.3%US$2.7b
IBTX Independent Bank Group
1.4x117.3%US$2.8b
HTH Hilltop Holdings
1x2.8%US$2.1b
BANC Banc of California
1x104.5%US$3.0b

Price-To-Book vs Peers: BANC is good value based on its Price-To-Book Ratio (1x) compared to the peer average (1.3x).

Price to Book Ratio vs Industry

How does BANC's PB Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / BookEstimated GrowthMarket Cap
FRCB First Republic Bank
0.002xn/aUS$27.98m
SBNY Signature Bank
0.0003xn/aUS$2.18m
BKES.F Banco Espírito Santo
n/an/aUS$56.01k
BCBH.F Caribbean Investment Holdings
n/an/aUS$132.00
No more companies available in this PB range
BANC 1.0xIndustry Avg. 1.0xNo. of Companies128PB00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: BANC is good value based on its Price-To-Book Ratio (1x) compared to the US Banks industry average (1x).

Price to Book Ratio vs Fair Ratio

What is BANC's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BANC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate BANC's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BANC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$17.45
US$17.65
+1.1%
6.7%US$19.00US$15.00n/a10
Nov ’25US$15.30
US$17.50
+14.4%
7.0%US$19.00US$15.00n/a11
Oct ’25US$14.05
US$16.00
+13.9%
6.1%US$18.00US$14.00n/a10
Sep ’25US$14.22
US$15.11
+6.3%
6.4%US$16.50US$14.00n/a9
Aug ’25US$13.19
US$15.11
+14.6%
6.4%US$16.50US$14.00n/a9
Jul ’25US$12.83
US$16.34
+27.4%
8.7%US$19.00US$15.00n/a9
Jun ’25US$13.86
US$16.62
+19.9%
10.0%US$19.00US$15.00n/a9
May ’25US$13.91
US$17.33
+24.6%
11.9%US$20.00US$15.00n/a9
Apr ’25US$14.58
US$17.33
+18.9%
13.6%US$21.00US$14.00n/a9
Mar ’25US$14.38
US$17.00
+18.2%
15.8%US$21.00US$14.00n/a8
Feb ’25US$13.27
US$17.13
+29.1%
15.3%US$21.00US$14.00n/a8
Jan ’25US$13.43
US$15.75
+17.3%
15.8%US$20.00US$14.00n/a4

Analyst Forecast: Target price is less than 20% higher than the current share price.

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