Banc of California, Inc. ( NYSE:BANC – Get Free Report ) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $17.97 and traded as high as $18.33. Banc of California shares last traded at $17.9850, with a volume of 1,427,686 shares traded.
Wall Street Analyst Weigh In
BANC has been the topic of a number of recent research reports. Piper Sandler dropped their price objective on shares of Banc of California from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. Citigroup reduced their price objective on shares of Banc of California from $23.50 to $22.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Brean Capital lowered Banc of California from a “buy” rating to a “neutral” rating in a report on Thursday, July 30th. UBS Group started coverage on Banc of California in a research report on Monday, September 14th. They set a “neutral” rating and a $20.00 target price on the stock. Finally, Weiss Ratings cut Banc of California from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Seven analysts have r...