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SANTA ANA, CA—In a recent transaction reported to the Securities and Exchange Commission, Lindsay (NYSE:LNN) Olivia, the Chief Risk Officer of Banc of California , Inc. (NYSE:BANC), sold 11,000 shares of the company’s common stock. The sale, executed on June 5, 2025, was conducted at an average price of $13.58 per share, amounting to a total value of $149,380. The transaction comes as InvestingPro analysis shows the stock trading at a low P/E ratio relative to near-term earnings growth, with analysts setting price targets between $15 and $20.
Following this transaction, Olivia retains direct ownership of 30,902 shares in the company. This sale is part of routine financial management activities by company insiders and reflects Olivia’s ongoing engagement with her equity holdings in Banc of California, which currently has a market capitalization of $2.2 billion. According to InvestingPro Fair Value analysis, the stock appears undervalued, with 12+ additional exclusive insights available to subscribers.
In other recent news, Banc of California reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.26 compared to the forecasted $0.23. However, the bank’s revenue fell short of projections, reaching $266 million against the anticipated $272.5 million. Following the earnings announcement, Banc of California revealed a $300 million share buyback program, indicating a strategic move to bolster shareholder value. In merger-related developments, Jefferies initiated coverage on Banc of California with a Buy rating and an $18 price target, citing the successful integration of its merger with PacWest. This merger has been a key factor in the bank’s optimistic earnings outlook, with projected EPS growth rates significantly outpacing its peers through 2027. Additionally, the bank’s Annual Meeting of Stockholders confirmed the election of all twelve director nominees and the ratification of Ernst & Young LLP as the independent accounting firm for 2025. These developments reflect a period of strategic growth and governance alignment for Banc of California.
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