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Banc of California Inc (BANC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Banc of California Inc (BANC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Banc of California Inc is a is a financial holding company. It offers banking and financial services. Its services include banking services, lending services and private banking services. Banc of California Inc has a market cap of $877.247 million; its shares were traded at around $17.32 with a P/E ratio of 39.38 and P/S ratio of 2.86. The dividend yield of Banc of California Inc stocks is 2.99%.


For the last quarter Banc of California Inc reported a revenue of $76.4 million, compared with the revenue of $73.03 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $313.2 million, a decrease of 8.7% from the previous year. For the last five years Banc of California Inc had an average revenue growth rate of 10.2% a year.

The reported diluted earnings per share was 45 cents for the year, a decline of 36.6% from the previous year. The profitability rank of the company is 2 (out of 10).

At the end of the fiscal year, Banc of California Inc has the cash and cash equivalents of $391.6 million, compared with $387.7 million in the previous year. The long term debt was $1.7 billion, compared with $1.9 billion in the previous year. Banc of California Inc has a financial strength rank of 3 (out of 10).

At the current stock price of $17.32, Banc of California Inc is traded at 82.7% premium to its historical median P/S valuation band of $9.48. The P/S ratio of the stock is 2.86, while the historical median P/S ratio is 1.57. The stock lost 10.58% during the past 12 months.

For the complete 20-year historical financial data of BANC, click here.

This article first appeared on GuruFocus.