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Banc of California Inc (BANC) Files 10-K for the Fiscal Year Ended on December 31, 2017

- By insider

Banc of California Inc (BANC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. 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 $1.01 billion; its shares were traded at around $20.00 with a P/E ratio of 27.77 and P/S ratio of 1.76. The dividend yield of Banc of California Inc stocks is 2.60%.


For the last quarter Banc of California Inc reported a revenue of $78.9 million, compared with the revenue of $303.8 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $348.9 million, a decrease of 41.6% from the previous year. For the last five years Banc of California Inc had an average revenue growth rate of 36.7% a year.

The reported diluted earnings per share was 71 cents for the year, a decline of 63.4% from the previous year. The Banc of California Inc had an operating margin of 7.71%, compared with the operating margin of 25.01% a year before. The 10-year historical median operating margin of Banc of California Inc is 8.08%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Banc of California Inc has the cash and cash equivalents of $387.7 million, compared with $440.5 million in the previous year. The long term debt was $1.9 billion, compared with $733.3 million in the previous year. The company's operating income of cannot cover its interest payment during the last fiscal year. Banc of California Inc has a financial strength rank of 3 (out of 10).

At the current stock price of $20.00, Banc of California Inc is traded at 10.1% premium to its historical median P/S valuation band of $18.17. The P/S ratio of the stock is 1.76, while the historical median P/S ratio is 1.61. The stock gained 4.35% during the past 12 months.

Directors and Officers Recent Trades:

  • CHIEF FINANCIAL OFFICER John A. Bogler bought 20,000 shares of BANC stock on 02/01/2018 at the average price of $19.3. The price of the stock has increased by 3.63% since.

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

This article first appeared on GuruFocus.