The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Banc of California Inc shares valued at $131,560 were purchased by Barker James Andrew on Apr 29 ’25. At $13.16 per share, Barker James Andrew acquired 10,000 shares. The insider’s holdings grew to 169,680 shares worth approximately $2.27 million following the completion of this transaction.
Also, LASHLEY RICHARD J sold 125,000 shares, netting a total of over 1,774,625 in proceeds. Following the sale of shares at $14.20 each, the insider now holds 668,939 shares.
Before that, LASHLEY RICHARD J had sold 75,000 shares from its account. In a trade valued at $1,050,300, the Director traded Banc of California Inc shares for $14.00 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $9.64 million.
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 drop of approximately -0.59%. Over the course of the year, Banc of California Inc shares have dropped approximately -13.39%. 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 $13.73, 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 13.29, which, if violated, would cause prices to drop to 13.19. In the upper region, resistance lies at 13.56. The next price resistance is at 13.72. RSI (Relative Strength Index) is 49.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 38.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
