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BANC - Banc Of California: Solid Results But Pricey At 13X Earnings And 1.5 Times TBV
November, 16 2021 09:43 AM
Banc of California Inc.
Banc of California seems to be flying under the radar despite its decent size with over $8B in assets. The 9M 2021 profit was boosted by a reversal of loan loss provisions, although the total amount of loans past due is increasing. The valuation isn't cheap, and Banc of California is now trading at higher levels than right before COVID: I'm on the sidelines. For further details see:
Banc Of California: Solid Results But Pricey At 13X Earnings And 1.5 Times TBV
Stock Information
Company Name:
Banc of California Inc.
Stock Symbol:
BANC
Market:
NYSE
Website:
bancofcal.com
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