Should You Buy Banc of California Inc (BANC) Stock on Friday?

The market has been down on Banc of California Inc (BANC) stock recently. BANC gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Banc of California Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BANC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BANC Stock Today?

Banc of California Inc (BANC) stock is trading at $12.43 as of 11:53 AM on Friday, Dec 1, a rise of $0.86, or 7.48% from the previous closing price of $11.56. The stock has traded between $11.56 and $12.44 so far today. Volume today is light. So far 1,590,301 shares have traded compared to average volume of 2,692,140 shares. To see InvestorsObserver's Sentiment Score for Banc of California Inc click here.

More About Banc of California Inc

Banc of California Inc 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. Click Here to get the full Stock Report for Banc of California Inc stock.