Banc of California Inc’s recent filing unveils that its Director LASHLEY RICHARD J unloaded Company’s shares for reported $1.77 million on Sep 05 ’24. In the deal valued at $14.20 per share,125,000 shares were sold. As a result of this transaction, LASHLEY RICHARD J now holds 668,939 shares worth roughly $9.31 million.
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Then, LASHLEY RICHARD J sold 75,000 shares, generating $1,050,300 in total proceeds. Upon selling the shares at $14.00, the Director now owns 719,826 shares.
Before that, WOLFF JARED M bought 7,130 shares. Banc of California Inc shares valued at $99,677 were divested by the PRESIDENT AND CEO at a price of $13.98 per share. As a result of the transaction, WOLFF JARED M now holds 268,695 shares, worth roughly $3.74 million.
Wedbush upgraded its Banc of California Inc [BANC] rating to an Outperform from a a Neutral in a research note published on September 24, 2024; the price target was increased to $18 from $14. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid September from “a Mkt perform” to “an Outperform”. Keefe Bruyette also remained covering BANC and has increased its forecast on March 22, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Barclays started covering the stock on March 08, 2024. It rated BANC as “an Equal weight”.
Price Performance Review of BANC
On Friday, Banc of California Inc [NYSE:BANC] saw its stock jump 0.36% to $13.92. Over the last five days, the stock has lost -5.88%. Banc of California Inc shares have risen nearly 3.65% since the year began. Nevertheless, the stocks have risen 16.68% over the past one year. While a 52-week high of $15.54 was reached on 03/28/24, a 52-week low of $9.96 was recorded on 06/27/24. SMA at 50 days reached $14.01, while 200 days put it at $13.86.
Levels Of Support And Resistance For BANC Stock
The 24-hour chart illustrates a support level at 13.80, which if violated will result in even more drops to 13.69. On the upside, there is a resistance level at 14.13. A further resistance level may holdings at 14.35. The Relative Strength Index (RSI) on the 14-day chart is 42.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.61%. Stochastics %K at 6.47% indicates the stock is a buying.
How much short interest is there in Banc of California Inc?
A steep rise in short interest was recorded in Banc of California Inc stocks on 2024-09-13, dropping by -0.61 million shares to a total of 12.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.35 million shares. There was a decline of -4.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 04, 2023 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $14 price target.
