Banc of California, Inc. ( BANC ) is a bank holding company that offers personal and commercial banking services could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BANC's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Banc of California could be a solid choice for investors.Current Quarter Estimates for BANC
In the past 30 days, 3 estimates have gone higher for Banc of California while there is no downward estimates revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 17 cents a share 30 days ago, to 22 cents today, a move of 29.4%.Current Year Estimates for BANC
Meanwhile, Banc of California's current year figures are also looking quite promising, with 4 estimates moved higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from 54 cents per share 30 days ago to 65 cents per share today, an increase of 20.4%.Bottom Line
The stock has also started to move higher lately, adding 14% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportBANC OF CA INC (BANC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research