Banc of California Inc’s filing revealed that its Director LASHLEY RICHARD J unloaded Company’s shares for reported $0.53 million on Jun 10 ’25. In the deal valued at $14.20 per share,37,500 shares were sold. As a result of this transaction, LASHLEY RICHARD J now holds 2,280,280 shares worth roughly $32.56 million.
Then, LASHLEY RICHARD J sold 37,343 shares, generating $523,736 in total proceeds. Upon selling the shares at $14.03, the Director now owns 2,317,780 shares.
Before that, LASHLEY RICHARD J sold 157 shares. Banc of California Inc shares valued at $2,198 were divested by the Director at a price of $14.00 per share. As a result of the transaction, LASHLEY RICHARD J now holds 2,355,123 shares, worth roughly $33.63 million.
Jefferies initiated its Banc of California Inc [BANC] rating to a Buy in a research note published on May 21, 2025; the price target was $18. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. Wells Fargo also remained covering BANC and has increased its forecast on January 06, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. Barclays revised its rating on October 31, 2024. It rated BANC as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of BANC
On Tuesday, Banc of California Inc [NYSE:BANC] saw its stock jump 2.22% to $14.28. Over the last five days, the stock has gained 3.03%. Banc of California Inc shares have fallen nearly -7.63% since the year began. Nevertheless, the stocks have risen 8.43% over the past one year.
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 2025-05-15, dropping by -1.47 million shares to a total of 15.32 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 16.78 million shares. There was a decline of -9.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 10, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $15 price target.
