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Trade-Ideas LLC identified

Banc of California

(

BANC

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Banc of California as such a stock due to the following factors:

  • BANC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.3 million.
  • BANC traded 79,010 shares today in the pre-market hours as of 8:25 AM, representing 14.7% of its average daily volume.

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More details on BANC:

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. It operates through Commercial Banking, Mortgage Banking, Financial Advisory, and Corporate/Other segments. The stock currently has a dividend yield of 2.4%. BANC has a PE ratio of 14. Currently there are 2 analysts that rate Banc of California a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Banc of California has been 711,900 shares per day over the past 30 days. Banc of California has a market cap of $762.7 million and is part of the financial sector and banking industry. The stock has a beta of 0.44 and a short float of 6.7% with 5.38 days to cover. Shares are up 40.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Banc of California as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 6.7%. Since the same quarter one year prior, revenues rose by 27.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • BANC OF CALIFORNIA INC has improved earnings per share by 24.1% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BANC OF CALIFORNIA INC increased its bottom line by earning $1.29 versus $0.82 in the prior year. This year, the market expects an improvement in earnings ($1.64 versus $1.29).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 56.6% when compared to the same quarter one year prior, rising from $12.57 million to $19.69 million.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 59.54% over the past year, a rise that has exceeded that of the S&P 500 Index. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • The gross profit margin for BANC OF CALIFORNIA INC is currently very high, coming in at 89.62%. Regardless of BANC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 14.45% trails the industry average.

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