Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp held its position in Banc of California Inc. (NYSE:BANC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,950 shares of the company’s stock at the end of the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.22% of Banc of California worth $1,902,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Walleye Trading LLC bought a new stake in shares of Banc of California during the second quarter valued at approximately $102,000. Teacher Retirement System of Texas raised its stake in shares of Banc of California by 48.2% in the second quarter. Teacher Retirement System of Texas now owns 5,864 shares of the company’s stock valued at $106,000 after buying an additional 1,908 shares during the last quarter. PineBridge Investments L.P. bought a new stake in shares of Banc of California during the second quarter valued at approximately $113,000. Mason Street Advisors LLC bought a new stake in shares of Banc of California during the second quarter valued at approximately $174,000. Finally, Quantbot Technologies LP bought a new stake in shares of Banc of California during the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 95.73% of the company’s stock.

Institutional Ownership by Quarter for Banc of California (NYSE:BANC)

Banc of California Inc. (NYSE:BANC) traded down 0.33% on Tuesday, hitting $15.30. The stock had a trading volume of 897,650 shares. Banc of California Inc. has a one year low of $10.93 and a one year high of $23.24. The stock has a 50-day moving average of $14.29 and a 200-day moving average of $18.66. The company has a market cap of $760.91 million, a PE ratio of 8.36 and a beta of 0.84.

Banc of California (NYSE:BANC) last issued its earnings results on Wednesday, October 19th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.17. Banc of California had a return on equity of 16.93% and a net margin of 16.74%. During the same period last year, the firm earned $0.29 EPS. Equities analysts expect that Banc of California Inc. will post $1.86 earnings per share for the current fiscal year.

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Several equities research analysts have commented on the stock. FIG Partners lowered shares of Banc of California from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 17th. FBR & Co set a $20.00 target price on shares of Banc of California and gave the stock a “hold” rating in a research report on Tuesday, October 18th. Wells Fargo & Co. lowered shares of Banc of California from an “outperform” rating to a “market perform” rating in a research report on Monday, November 14th. Finally, DA Davidson upgraded shares of Banc of California from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Banc of California currently has a consensus rating of “Hold” and a consensus price target of $20.00.

In other Banc of California news, insider Jeffrey T. Seabold sold 39,919 shares of the stock in a transaction on Friday, September 30th. The stock was sold at an average price of $17.63, for a total value of $703,771.97. Following the sale, the insider now directly owns 241,841 shares of the company’s stock, valued at $4,263,656.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.13% of the stock is owned by company insiders.

Banc of California Company Profile

Banc of California, Inc provides banking services to California’s diverse businesses, entrepreneurs and homeowners. The Bank was formed through the merger of four of Southern California’s community banking franchises. The Bank offers a range of financial services to meet the banking and financial needs of the communities it serves, with operations conducted through over 100 banking offices across California and across the West.

5 Day Chart for NYSE:BANC

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