NYSE: BANC To Earn $61.05 Million In Sales As Per Stock Market Analysts

BANC of California Inc (NYSE: BANC) has been issued a sales estimation of $61.05 million. The stock market analysts have estimated that the company will witness $62.60 million as its highest sales, and its lowest sales will be $58.85 million. 

In 2019, NYSE: BANC earned $62.10 million in sales. We will find out how much BANC of California has earned for this quarter on 22nd October during the Thursday report. 

As per Zachs stock market analysts, NYSE: BANC’s yearly sales for this year will be $236.45 million. The estimated range between $232.24 million and $249.60 million. The market analysts anticipate that the coming will earn $247.81 million in sales next year. The estimates range between $239.69 million and $261.20 million. 

What Do The Stock Market Analysts Say About NYSE: BANC Recent Reports? 

ValuEngine decreases its BANC of California shares to a rating of “hold” from a rating of “buy” on 3rd August during the Monday report. Piper Sandler also reduced its price target on NYSE: BANC shares to $14.00 from $16.00. They further issued a rating of “overweight” on 1st October during a Thursday report. Similarly, Zachs Investment Research cut its NYSE: BANC shares to a rating of “hold” from a rating of “buy” on 28th September during a Monday report. Last but not the least, DA Davidson increased its NYSE: BANC shares to a rating of “buy” from a rating of “hold” on 3rd September during a Thursday Report. They also increased their price target to $13.50 from $12.50. 

Three stock market analysts issued a rating of “hold” to BANC of California. Meanwhile, three analysts issued a rating of “buy.” Currently, the company has an average “bu rating. Its average target price is $12.50. 

Which Investors Recently Decreased Or Increased Their BANC of California Stakes?

Tower Research Capital LLC TRC bought an estimate of $35,000 worth of shares from NYSE: BANC. Advisor Group Holdings Inc also purchased an estimate of $72,000 worth of shares. Similarly, Beese Fulmer Investment Management Inc purchased an estimate of $99,000 worth of NYSE: BANC shares. Jane Street Group LLC also bought an estimate of $111,000 worth of BANC of California shares. Last but not the least, BNP Paribas Arbitrage SA bought 8,108 company shares in addition to what they already owned. 

On Friday, NYSE: BANC started at $11.42. BANC of California’s 50 days moving average stands at $10.92. Its 200 days moving average stands at $10.33. 

The firm announced that it would lag dividends to stockholders as of 15th September. The dividend paid was $0.06 EPS. 

BANC of California’s current market capitalization is $574.15 million. 

The post NYSE: BANC To Earn .05 Million In Sales As Per Stock Market Analysts first appeared on Digital Market News.

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