On Oct 24, major Wall Street analysts update their ratings for $Banc of California (BANC.US)$, with price targets ranging from $17 to $19.
Barclays analyst Jared Shaw maintains with a hold rating, and adjusts the target price from $16 to $17.
Wells Fargo analyst Timur Braziler maintains with a hold rating, and adjusts the target price from $16 to $17.
Wedbush analyst David Chiaverini maintains with a buy rating, and adjusts the target price from $18 to $19.
Raymond James analyst David Feaster maintains with a buy rating, and adjusts the target price from $16 to $17.
Janney Montgomery analyst Timothy Coffey initiates coverage with a buy rating, and sets the target price at $18.
Furthermore, according to the comprehensive report, the opinions of $Banc of California (BANC.US)$'s main analysts recently are as follows:
Following the Q3 report, there's an anticipation of increased net interest margin for Banc of California in Q4 due to securities repositioning and funding remix. The bank's other Q4 guidance and long-term profitability targets remain affirmed.
Banc of California delivered a strong quarterly performance and has raised its near-term net interest margin outlook, all the while maintaining steady expense guidance.
Management successfully expedited much of the restructuring associated with the recent deal, resulting in an uptick in share performance. While there remains work to be done to enhance the profitability profile, it is anticipated that there will be greater clarity in earnings per share in the future.
Here are the latest investment ratings and price targets for $Banc of California (BANC.US)$ from 6 analysts:
Note:
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