Banc of California Announces Quarterly Dividends and $45 Million Stock Repurchase Program
Banc of California, Inc. (BANC)
Last banc of california, inc. earnings: 4/29 06:00 am
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US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4074352
Company Research
Source: Business Wire
SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC)(the “Company”), the holding company parent of Banc of California, N.A., today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on April 1, 2020 to stockholders of record as of March 16, 2020. The Company also announced that its Board of Directors has authorized the repurchase of up to $45 million of the Company’s common stock.“As we continue to enhance our franchise and improve the earnings power of the Company for the long term, we remain committed to a thoughtful capital allocation strategy of optimizing our balance sheet and returning value to our shareholders,” said Jared Wolff, President and Chief Executive Officer of the Company. “Our Board of Directors’ decision to authorize this share buyback program reflects our continued confidence in the financial strength of the Company, our business and o
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BANC
News
- Banc of California, Inc. (NYSE: BANC) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Banc of California, Inc. (NYSE: BANC) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $16.00 price target on the stock.MarketBeat
- Banc of California, Inc. (NYSE: BANC) had its price target lowered by analysts at Truist Financial Co. from $16.00 to $15.00. They now have a "hold" rating on the stock.MarketBeat
- Banc of California, Inc. (NYSE: BANC) had its price target lowered by analysts at Barclays PLC from $16.00 to $15.00. They now have an "equal weight" rating on the stock.MarketBeat
- Banc of California, Inc. (NYSE: BANC) had its price target lowered by analysts at Wedbush from $16.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
BANC
Earnings
- 4/23/24 - Miss
BANC
Sec Filings
- 5/1/24 - Form 3
- 4/26/24 - Form 4
- 4/23/24 - Form 8-K
- BANC's page on the SEC website