Banc Of California traded at $20.85 this Friday February 6th, increasing $0.68 or 3.37 percent since the previous trading session. Looking back, over the last four weeks, Banc Of California gained 3.68 percent. Over the last 12 months, its price rose by 28.07 percent. Looking ahead, we forecast Banc Of California to be priced at 19.36 by the end of this quarter and at 17.63 in one year, according to Trading Economics global macro models projections and analysts expectations.
Banc of California, Inc. is a holding company. The Company operates through its subsidiary, Banc of California, National Association (the Bank), a California-based bank. The Bank is a relationship-focused business bank. The Bank offers a range of financial services to meet the banking and financial needs of the communities it serves, with operations conducted through 30 full-service branches located across the Southern California. The Company offers commercial loan and deposit products and services. It offers a range of commercial loan products, including commercial and industrial loans, commercial real estate loans and multifamily loans, small business administration loans, construction loans, single family residential mortgage loans, lending limits and other consumer loans. The Company’s deposit products and sources of funds includes general; deposits; and federal home loan bank advances, other secured and unsecured borrowing arrangements, and long-term debt.