Asahi shares mark weekly slide after cyberattack halts production
New York- Warburg Pincus LLC, a ten percent owner in Banc of California, Inc. (NYSE:BANC), has sold 5,650,000 shares of Non-Voting Common Equivalent Stock at a price of $16.38 per share, totaling $92,547,000. The stock, currently trading at $16.79, has shown strong momentum with a 23% gain over the past six months, according to InvestingPro data.
The sales occurred in two tranches. On September 5, 2025, 4,500,000 shares were sold. Followed by another sale on September 8, 2025, where 1,150,000 shares were sold in a private sale to Issuer. With analyst price targets ranging from $15 to $21 and the stock trading below its Fair Value, InvestingPro subscribers can access detailed valuation metrics and 7 additional key insights about BANC.
Following these transactions, Warburg Pincus LLC and related entities still hold 3,147,470 shares of Banc of California , Inc., maintaining a significant position in the $2.65 billion market cap financial institution.
In other recent news, Banc of California released its second-quarter earnings report for 2025, revealing mixed results. The company achieved an adjusted earnings per share (EPS) of $0.31, surpassing analyst expectations of $0.26, marking a 19.23% beat. However, the revenue figures were less favorable, with the company reporting $272.85 million, falling short of the anticipated $277.5 million by 1.68%. These developments come amidst a backdrop of ongoing market analysis and investor scrutiny. The earnings report highlights the company’s ability to exceed profit expectations while facing challenges in meeting revenue targets. Analysts and investors are likely to keep a close eye on Banc of California as they assess the implications of these results. The discrepancy between EPS and revenue performance may influence future evaluations and strategic decisions. These recent developments underscore the dynamic nature of financial markets and corporate performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.