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 $11.02 million.
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 $4.43 million.
JP Morgan initiated its Banc of California Inc [BANC] rating to a Neutral in a research note published on February 07, 2025; the price target was $18. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. Barclays also remained covering BANC and has increased its forecast on October 31, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Citigroup started covering the stock on October 10, 2024. It rated BANC as “a Neutral”.
Price Performance Review of BANC
On Tuesday, Banc of California Inc [NYSE:BANC] saw its stock jump 1.98% to $16.47. Over the last five days, the stock has gained 2.23%. Banc of California Inc shares have risen nearly 6.53% since the year began. Nevertheless, the stocks have risen 27.08% over the past one year. While a 52-week high of $18.08 was reached on 02/06/25, a 52-week low of $11.88 was recorded on 01/13/25. SMA at 50 days reached $16.12, while 200 days put it at $14.71.
Levels Of Support And Resistance For BANC Stock
The 24-hour chart illustrates a support level at 16.19, which if violated will result in even more drops to 15.92. On the upside, there is a resistance level at 16.61. A further resistance level may holdings at 16.76. The Relative Strength Index (RSI) on the 14-day chart is 56.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.06%. Stochastics %K at 72.66% indicates the stock is a holding.
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 2024-12-31, growing by 1.86 million shares to a total of 9.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 7.99 million shares. There was a rise of 18.88%, which implies that there is a positive sentiment for the stock.
