Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Banc of California Inc shares valued at $1,774,625 were sold by LASHLEY RICHARD J on Sep 05 ’24. At $14.20 per share, LASHLEY RICHARD J sold 125,000 shares. The insider’s holdings dropped to 668,939 shares worth approximately $9.01 million following the completion of this transaction.
Also, LASHLEY RICHARD J sold 75,000 shares, netting a total of over 1,050,300 in proceeds. Following the sale of shares at $14.00 each, the insider now holds 719,826 shares.
As published in their initiating research note from JP Morgan on February 07, 2025, Banc of California Inc [BANC] has been a Neutral and the price target has been revised to $18. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of October 31, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for BANC. Earlier on October 10, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for BANC stock.
Analyzing BANC Stock Performance
During the last five days, there has been a surge of approximately 3.86%. Over the course of the year, Banc of California Inc shares have dropped approximately -12.87%. Shares of the company reached a 52-week high of $16.65 on 02/06/25 and a 52-week low of $11.52 on 04/09/25. A 50-day SMA is recorded $13.98, while a 200-day SMA reached $14.81.
Support And Resistance Levels for Banc of California Inc (BANC)
According to the 24-hour chart, there is a support level at 13.15, which, if violated, would cause prices to drop to 12.83. In the upper region, resistance lies at 14.07. The next price resistance is at 14.67. RSI (Relative Strength Index) is 50.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.73, which suggests the price will decrease in the coming days. Percent R is at 31.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
