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Warburg Pincus, a director and ten percent owner of Banc of California, Inc. (NYSE:BANC), sold 5,650,000 shares of Non-Voting Common Equivalent Stock at a price of $16.38 per share, generating approximately $92.5 million. The transaction comes as BANC shares trade near their 52-week high of $18.08, with the stock showing strong momentum, up over 31% in the past six months.
The sales occurred in two tranches. On September 5, 2025, 4,500,000 shares were sold. Subsequently, on September 8, 2025, an additional 1,150,000 shares were sold to Issuer in a private sale. According to InvestingPro data, the $2.65B market cap bank maintains a favorable analyst consensus, with five analysts recently revising earnings estimates upward.
Following these transactions, Warburg Pincus and affiliated entities still hold 3,147,470 shares of Banc of California . The bank’s management has been actively buying back shares, demonstrating confidence in the company’s outlook, while maintaining a dividend yield of 2.38%.
In other recent news, Banc of California reported its second-quarter earnings for 2025, revealing a mixed financial performance. The company exceeded earnings per share (EPS) expectations by reporting an adjusted EPS of $0.31, which was higher than the forecasted $0.26. Despite this positive outcome, Banc of California’s revenue fell short of projections, coming in at $272.85 million compared to the anticipated $277.5 million, marking a 1.68% shortfall. These earnings results are crucial for investors as they assess the company’s financial health and future potential. The revenue miss highlights challenges the company may face in achieving its financial targets. Analysts and investors will likely keep a close eye on how Banc of California addresses these revenue discrepancies in the coming quarters. These developments are part of the recent updates surrounding the company’s financial performance.
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