Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $23.13 on Banc of California, Inc. (NYSE:BANC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.63 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Banc of California, Inc. (NYSE:BANC) stands at 14.39.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Banc of California, Inc. Common, the PEG ratio for coming 3-5 years is 1.15.
The technical analysis highlights that Banc of California, Inc. Common current is trading $1.31 points away or +6.38% from its 50-day moving average of $20.59. Further it is trading $3.44 or +18.63% away its 200-day moving average of $18.46.
The 52-week high of Banc of California, Inc. (NYSE:BANC) was $23.24 while lowest point recorded in 52-week was $11.78. It implies if stock price makes a movement of over $-1.34, it will record a new 52-week high. In the case of +85.91% drop, it will touch a new 52-week low.
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