Banc of California, Inc. (NYSE:BANC) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.06 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 2.21 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Banc of California, Inc. recently reported second quarter financial results on July 23, 2020, before market open, the Santa Ana based company unveiled loss for the second quarter of $ 0.44 per share, from the revenue of $ 55.31 million. The quarterly revenues decreased 18.18 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.39 per share from $ 55.34 million in revenue. The bottom line results missed street analysts by $ 0.05 or 12.82 percent, at the same time, top line results fell short of analysts by $ 0.03 million or 0.05 percent.
Stock Performance
Shares of Banc of California, Inc. traded low $ -0.30 or -2.68 percent on Thursday, reaching $ 10.88 with volume of 155.30 thousand shares. Banc of California, Inc. has traded high as $ 11.28 and has cracked $ 10.86 on the downward trend
According to the previous trading day, closing price of $ 10.88, representing a 73.60 % increase from the 52 week low of $ 6.44 and a 41.53 % decrease over the 52 week high of $ 19.12.
The company has a market capital of $ 546.52 million and is part of the Financial Services sector and Banks – Regional – US industry.
Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest and noninterest-bearing demand accounts, as well as certificates of deposit.