Banc of California: Q3 Results in One Bite!

The shares of Banc of California (NYSE: BANC) traded flat ahead of the market after the company released third quarter results.

Quarterly results

Earnings per share rose 153.33% year over year to $ 0.24, beating the estimate of $ 0.15. Revenue of $ 55,855,000 was down 5.19% year over year, missing the $ 59,060,000 estimate.

outlook

The Banc of California has not issued any profit forecasts for the time being.

Performance

The company’s 52-week high was $ 19.12

Should Investors Sell Right Now? Or is it worth joining Banc of California?

52-week low: $ 6.44

Share price development in the last quarter: plus 3.91

Overview of the company

Banc of California Inc. is a financial holding company. It offers banking and financial services. The company’s services include banking, lending, and private banking services. Their range of deposit and banking products and services include check, savings, money market, certificates of deposit and retirement accounts. Lending is focused on providing finance to California’s diverse private businesses, entrepreneurs, and communities, and the loans are often secured by California commercial and residential real estate.

Buy, Hold, or Sell – Your Banc of California Analysis, dated 25.10. provides the answer:

How will Banc of California develop now? Is your money safe in this stock? Find the answers to these questions and why you need to act now in the latest analysis of the Banc of California stock.

Banc of California: Buy or Sell? Read more here …