Why private equity has been involved in every recent bank deal [MSNBC.com]
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
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Source: MSNBC.com
In this articleFederal Reserve Chair Jerome Powell fist-bumps former Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on "Oversight of the Treasury Department's and Federal Reserve's Pandemic Response" in the Rayburn House Office Building in Washington, D.C., on Dec. 2, 2020.Greg Nash | ReutersThe $1 billion-plus injection thatNew York Community BankLed by$450 millionThe move soothed concernsThat cash infusion follows last year's acquisition of PacWest by Banc of California, which was anchored by$400 million$175 millionSpeed and discretion are key to these deals, according to advisors to several recent transactions and external experts. While selling stock into public markets could theoretically be a cheaper source of capital, it's simply not available to most banks right now.watch nowVIDEO4:3704:37New York Community Bancorp woes: What you need to knowThe Exchange"Public markets are too slow for this kind of capital raise," saidSteven KellyFurthermo
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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