Banc of California Inc’s recent filing unveils that its Director WARBURG PINCUS LLC unloaded Company’s shares for reported $73.71 million on Sep 05 ’25. In the deal valued at $16.38 per share,4,500,000 shares were sold. As a result of this transaction, WARBURG PINCUS LLC now holds 4,297,470 shares worth roughly $72.15 million.
Then, WARBURG PINCUS LLC sold 1,150,000 shares, generating $18,837,000 in total proceeds. Upon selling the shares at $16.38, the Director now owns 3,147,470 shares.
Before that, WARBURG PINCUS LLC sold 4,500,000 shares. Banc of California Inc shares valued at $73,710,000 were divested by the Director at a price of $16.38 per share. As a result of the transaction, WARBURG PINCUS LLC now holds 4,297,470 shares, worth roughly $72.15 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 0.06% to $16.79. Over the last five days, the stock has gained 0.48%. Banc of California Inc shares have risen nearly 18.83% since the year began. Nevertheless, the stocks have risen 8.60% over the past one year. While a 52-week high of $18.08 was reached on 09/05/25, a 52-week low of $11.52 was recorded on 04/09/25.
Levels Of Support And Resistance For BANC Stock
The 24-hour chart illustrates a support level at 16.70, which if violated will result in even more drops to 16.61. On the upside, there is a resistance level at 16.89. A further resistance level may holdings at 16.99.
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 2025-08-15, dropping by -2.88 million shares to a total of 11.03 million shares. Yahoo Finance data shows the prior-month short interest on 2025-07-15 was 13.91 million shares. There was a decline of -26.1%, 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.
