KBW Reaffirms Their Buy Rating on Banc of California (BANC)
KBW analyst Christopher Mcgratty maintained a Buy rating on Banc of California yesterday and set a price target of $23.00. The company’s shares closed yesterday at $18.90.
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According to TipRanks, Mcgratty is a 5-star analyst with an average return of 13.4% and a 73.54% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Flagstar Financial, Valley National Bancorp, and Western Alliance.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Banc of California with a $22.08 average price target, implying a 16.83% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $23.00 price target.
Based on Banc of California’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $458.52 million and a net profit of $77.39 million. In comparison, last year the company earned a revenue of $449.02 million and had a net profit of $56.92 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BANC in relation to earlier this year. Most recently, in February 2026, Warburg Pincus Llc, a Director at BANC sold 4,250,000.00 shares for a total of $85,425,000.00.
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