Banc Of California, Inc. (BANC) Files Form 4 Insider Selling : Jeffrey T Seabold Sells 59,225 Shares

Banc Of California, Inc. (BANC): Jeffrey T Seabold , EVP, CHIEF BANKING OFFICER of Banc Of California, Inc. sold 59,225 shares on Jun 17, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $19.40 per share for a total value of $1,148,965.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, Jeffrey T Seabold (EVP, CHIEF BANKING OFFICER) sold 76,289 shares at $15.16 per share price.On Dec 18, 2015, J. Francisco A. Turner (EVP, CHIEF STRATEGY OFFICER) sold 2,800 shares at $14.03 per share price.Also, On Aug 24, 2015, Steven Sugarman (CEO) purchased 35,000 shares at $12.21 per share price.

Shares of Banc of California Inc (BANC) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -1.36% at $17.47 with 5,03,070 shares getting traded. Post opening the session at $17.66, the shares hit an intraday low of $17.3 and an intraday high of $17.66 and the price vacillated in this range throughout the day. The company has a market cap of $769 M and the number of outstanding shares has been calculated to be 4,40,07,994 shares. The 52-week high of Banc of California Inc is $20.85 and the 52-week low is $11.71.

Banc of California Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Banc of California Inc is Initiated by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $20. The Rating was issued on Jul 1, 2016.Banc of California Inc is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on May 4, 2016.Banc of California Inc is Initiated by Wells Fargo to Outperform. The Rating was issued on May 2, 2016.Banc of California Inc is Upgraded by Keefe Bruyette to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Apr 22, 2016.

Banc of California Inc. is a financial holding company. The Company is the parent of Banc of California National Association (the Bank) The Palisades Group LLC (The Palisades Group) and PTB Property Holdings LLC (PTB). The Company engages in activities permissible for bank holding companies and in other activities that are financial in nature or incidental or complementary to activities that are financial in nature primarily securities insurance and merchant banking activities. The Bank offers a variety of financial services to meet the banking and financial needs of the communities it serves with operations conducted through 37 banking offices serving San Diego Los Angeles and Orange counties California and 67 loan production offices in California Arizona Oregon Virginia Indiana Maryland Colorado Idaho and Nevada.

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