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Banc of California, Inc. (BANC)

NYSE - NYSE Delayed Price. Currency in USD
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10.69-0.15 (-1.38%)
At close: 4:00PM EDT
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  • C
    Crazy
    Hard to believe this bank is still in operation.
    Bearish
  • c
    cardoni
    I started following "awesomestokcalerts" (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
  • C
    Crazy
    46% dividend cut? where do I sign up?. won't be long now.
  • C
    Crazy
    can't believe anyone would buy any stock in this disaster
    Bearish
  • s
    sal
    1 year BANC price target = Zero...filing BK very soon....cooking the books cooking the books oh yea cooking the books cooking the books.....
  • d
    dsc20601
    Slowly saving to buy more & pay for my grand daughters college.........
  • P
    Puma
    ER tomorrow am, back to $19 where I'll sell
  • N
    Ned
    I'm the guy that called in to Cramer on Mad Money last night. He said to Sell Sell Sell, so longs are good! :) I've got 4,000 shares, 3,000 around $16 and 1,000 around $15. It's the only banking/financial institution of any decent market cap out there not at or near their all time high. Looking for low $20s.
  • i
    irene
    Does the announcement mean SEC investigation is also concluded?
  • M
    Millie
    I counted seven law firms suing BANC. A firm could go broke just meeting requests for information. I hope they can charge each firm for labor and supplies used to comply with requests for information. For there to be so many law firms involved, each officer of the company must drive an ambulance to work. The only winners are the law firms. Everyone else loses.
  • b
    bearJu73
    why down so much? did someone leak a story about bad earnings on the horizon? wrong doings?
  • C
    Crazy
    revenue and earnings down 3 years in a row. shareholders should ask Palmer how much the bank pays for rent to fly him in a private jet from MN to CA for board meetings.
    Bearish
  • i
    investment professor
    Now $BANC has annual revenues equal its market cap, P/E approaching 4. Dividend yield 3.7%. Oversold due to irrational panic. $38 million net income last quarter if projected over the next 4 quarter, net income can top $150 million. With market cap slightly above $600 million, we get a forward P/E of 4. Those longs willing to hold during this crazy panic can potentially be rewarded with huge gains. I think it's a matter of time before shorts get wasted. I invested in AMD when it was under $2, and at that time shorts were so boastful. AMD now is over 7. I can see it happening with BANC. The company got real earnings and some former ties to Galanis don't invalidate it!
  • C
    Crazy
    regulators are all over this train wreck as the should be.
    Bearish
  • H
    Heimy
    $20+ coming..
  • J
    John M
    haven't been here in a long while... guys like Satnam remind me why... you make the boards unusable
  • N
    Ned
    Man, this thing should really be taking off to the $23-$26 range with its P/E and P/B, consolidate there, and leg higher. Must be stalling here awaiting to hear back on the SEC Investigation. When is the SEC due to report? If it's positive, this booms to $28-$32.
  • i
    investment professor
    $BANC requested Seeking Alpha to remove derogatory and unsupported post and is demanding the identity of the rogue short seller whose article let to stock price collapse. Prior to very positive earnings announcement, $BANC was trading close to $20, now it's only $13. See at least $7-10 upside.
  • d
    dsc20601
    Sold all my BANC for a 30% profit. Good luck Investors.
  • s
    sal
    This is going to be another worldcom story....SEC will find frauds very soon..
    BK is coming soon