Banc of California Inc. (BANC) Plunges 8.23% on March 05

Banc of California Inc. (BANC) Plunges 8.23% on March 05

Banc of California Inc. (BANC) had a rough trading day for Tuesday March 05 as shares tumbled 8.23%, or a loss of $-1.42 per share, to close at $15.83. After opening the day at $16.41, shares of Banc of California Inc. traded as high as $16.65 and as low as $15.50. Volume was 1.69 million shares over 8,390 trades, against an average daily volume of 531,231 shares and a total float of 50.65 million.

As a result of the decline, Banc of California Inc. now has a market cap of $801.78 million.

The stock has a P/E Ratio of 39.8.

Banc of California Inc is a is a financial holding company. It offers banking and financial services. The company’s services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California’s diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate.

Banc of California Inc. is based out of Santa Ana, CA and has some 738 employees. Its CEO is Douglas H. Bowers.

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