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Investing in Banc of California Inc (BANC): What You Must Know

Banc of California Inc’s recent filing unveils that its PRESIDENT AND CEO WOLFF JARED M acquired Company’s shares for reported $99677.0 on Apr 25 ’24. In the deal valued at $13.98 per share,7,130 shares were bought. As a result of this transaction, WOLFF JARED M now holds 268,695 shares worth roughly $3.78 million.

Then, LASHLEY RICHARD J bought 7,500 shares, generating $108,562 in total proceeds. Upon buying the shares at $14.47, the Director now owns 2,485,643 shares.

Before that, LASHLEY RICHARD J bought 15,000 shares. Banc of California Inc shares valued at $216,669 were divested by the Director at a price of $14.44 per share. As a result of the transaction, LASHLEY RICHARD J now holds 2,478,143 shares, worth roughly $34.87 million.

Keefe Bruyette upgraded its Banc of California Inc [BANC] rating to an Outperform from a a Mkt perform in a research note published on March 22, 2024; the price target was increased to $18 from $16. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Truist began covering BANC with “Hold” recommendation on December 04, 2023. Wells Fargo revised its rating on October 04, 2023. It rated BANC as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of BANC

On Monday, Banc of California Inc [NYSE:BANC] saw its stock fall -1.75% to $14.07. Over the last five days, the stock has lost -0.92%. Banc of California Inc shares have risen nearly 4.77% since the year began. Nevertheless, the stocks have risen 25.07% over the past one year. While a 52-week high of $16.08 was reached on 03/28/24, a 52-week low of $9.72 was recorded on 01/17/24. SMA at 50 days reached $14.47, while 200 days put it at $13.16. A total of 2.25 million shares were traded, compared to the trading of 3.73 million shares in the previous session.

Levels Of Support And Resistance For BANC Stock

The 24-hour chart illustrates a support level at 13.90, which if violated will result in even more drops to 13.73. On the upside, there is a resistance level at 14.34. A further resistance level may holdings at 14.61. The Relative Strength Index (RSI) on the 14-day chart is 46.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.72%. Stochastics %K at 46.13% indicates the stock is a holding.

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