Should one be buying Banc of California, Inc. (NYSE:BANC)?

Banc of California, Inc. (NYSE:BANC) moved down -3% and closed its last trading session at $13.24. This Finance Sector stock currently has the Market Capitalization of 676.56 Million. The Average Volume for the stock is measured as 1.28 Million. The Stock has a 52-Week High of $23.24 and 52-Week Low of $10.93 following the dates, it touched its 52-Week High on Aug 9, 2016 and 52-Week Low on Oct 18, 2016. Currently, the Return on Assets value for the trailing twelve months is 0.8% with the Return on Equity and Return on Investment of 13.6% and 24.1% respectively. This firm currently has YTD (year to date) performance of -9.44 Percent which is not good. The Short Ratio for the stock is 4.49.

Banc of California, Inc. (NYSE:BANC) Price to Earnings (P/E) ratio is 8.7. EPS or Earning per Share stands at $1.52. The TTM operating margin is 0 percent.

Banc of California, Inc. (NYSE:BANC) is due to report its Earnings on Thu 20 Oct (3 days ago). The estimated EPS for the current quarter is said to be $0.42. Following Earnings result, share price were DOWN 15 times out of last 28 Qtrs. The stock has reduced about -0.7% since it reported its last earnings. The Closing price of Banc of California, Inc. (NYSE:BANC) at Last Earnings was $13.33 as compared to the previous closing price of $13.24. The Predicted Move on the 7th day after Banc of California, Inc. (NYSE:BANC) will release its earnings at about 6%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Banc of California, Inc. (NYSE:BANC) beats earnings by 83%, The Stock Missed Earnings  2  times and has met earnings  0 times.

Earnings History:

We will discuss the past Quarters Earnings below:

On 07/21/2016, the stock reported the EPS of $0.36 where Analysts were projecting the EPS to be $0.31 showing a difference of $0.05. Thus Surprise Factor was there with 16.1 percent. Before Earnings Announcement on 07/21/2016, the firm had its stock price of $19.75. And immediately on the next day after earnings announcement, the stock declined -0.86% and closed its trading session at $19.58. On 7th Day after earnings release, Banc of California, Inc. (NYSE:BANC) surged to 12.35% from $19.75 to $22.19.

On 04/21/2016, Analysts were suspecting EPS of $0.27/share where Banc of California, Inc. (NYSE:BANC) reported its Actual EPS of $0.39. Thus showing a Surprise of 44.4 percent. The Closing Price of the stock before earnings was $19.14 while on the Next day the stock closed its trading session at $18.73 with a percentage change of -2.14% from the price of 19.14 before Earnings. The Stock Closing Price on the 7th day of earnings was $20.22.

Company Profile:

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. It operates through Commercial Banking, Mortgage Banking, Financial Advisory, and Corporate/Other segments. The company’s deposits consist of savings, checking, money market, and demand accounts, as well as certificates of deposit; and commercial and consumer loan products include commercial and industrial loans, commercial real estate loans, multi-family loans, SBA guaranteed business loans, construction and renovation loans, lease financing, single family residential mortgage loans, warehouse loans, asset or security backed loans, home equity lines of credit, consumer and business lines of credit, home equity loans, and other consumer loans. It also provides private banking products for high net worth individuals and entrepreneurs; and other banking services to financial institutions, as well as invests in mortgage-backed securities. In addition, the company offers automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, ACH origination, wire transfer, direct deposit, and safe deposit boxes, as well as online, telephone, and mobile banking services. Further, it provides financial advisory and asset management services to third parties; and manages and sells other real estate owned properties. As of December 31, 2015, the company operated 35 branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties in California; and 68 loan production offices in California, Arizona, Oregon, Virginia, Indiana, Colorado, Idaho, and Nevada. Banc of California, Inc. was formerly known as First PacTrust Bancorp, Inc. and changed its name to Banc of California, Inc. in July 2013. The company was founded in 1941 and is headquartered in Irvine, California.