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Hamid Hussain, President of the Bank at Banc of California, INC. (NASDAQ:BANC), a $2.65 billion market cap financial institution currently trading near its 52-week high of $18.08, sold 40,000 shares of common stock on September 2nd and 3rd, in two separate transactions, for a total of $667900.
On September 2, Hussain sold 20,000 shares at a price of $16.59. These shares were sold in multiple transactions at prices ranging from $16.525 to $16.655. Following this transaction, Hussain directly owned 66,444 shares of Banc of California .
The following day, September 3, Hussain sold another 20,000 shares at $16.805. These shares were sold in multiple transactions at prices ranging from $16.731 to $16.911. Following this transaction, Hussain directly owned 46,444 shares of the company.
In other recent news, Banc of California reported its second-quarter earnings for 2025, exceeding expectations for earnings per share (EPS) but falling short on revenue forecasts. The company achieved an adjusted EPS of $0.31, surpassing the anticipated $0.26 by 19.23%. However, revenue was reported at $272.85 million, which was slightly below the projected $277.5 million, marking a 1.68% shortfall. Despite the EPS beat, the revenue miss was notable for investors. The earnings results were followed by a decrease in the company’s stock price in after-hours trading. These developments highlight the mixed financial performance of Banc of California, with stronger-than-expected earnings but weaker revenue figures. The company’s financial performance continues to attract attention from analysts and investors alike.
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