Trade with Eva : Analytics in action: BANC

Showing posts with label BANC. Show all posts

Thursday, December 14, 2023

Notable purchases -- Buffett adds to OXY; notable sales -- President/CEO active in WM

Buyers:

BANC Director bought 10,000 shares at $12.305 - $12.34 worth ~$123K.
DEA Chairman bought 8,000 shares at $13.14 - $13.15 worth ~$105K.
ET Co-CEO bought 50,000 shares at $13.185 - $13.20 worth ~$660K.
FTK Director bought 54,859 shares at $3.19 - $3.53 worth ~$189K.
GTLS Director bought 500 shares at $134.445 worth ~$67K.
LOVE 10% owner Satori Capital bought 151,784 shares at $24.91 - $25.80 worth ~$3.9 mln.
OXY 10% owner Warren Buffett's Berkshire Hathaway (BRK.A / BRK.B) bought another 10,482,162 shares worth approx. $589 mln.
SJM Director bought 1,000 shares at $125.05 worth ~$125K.
TEX Director bought 50,000 shares at $50.69 - $51.20 worth ~$2.6 mln.

Sellers:

CCOI President / CEO sold 20,000 shares at $69.99 worth ~$1.4 mln.
SF Senior Vice President & General Counsel sold 8,100 shares at $ 64.745 worth ~$524K.
WM President / CEO sold 9,550 shares at $177.00 worth ~$1.7 mln.

Banc of California beats by $0.05 :

Reports Q4 (Dec) earnings of $0.54 per share, $0.05 better than the Capital IQ Consensus of $0.49.
The Company's return on average assets for the quarter was 1.1%, and its return on average tangible common equity for the quarter was 17.3%.
Total loan originations for the fourth quarter were $2.3 billion, including $1.0 billion from the commercial banking segment. The Company sold $865 million of leases, seasoned single family residential pools and nonperforming loans during the quarter. As a result, net held for investment loan balances declined by $534 million for the quarter.
Net interest margin was 3.13% vs. 3.39% a year ago
The Company's consolidated assets totaled $11.0 billion at December 31, 2016, a decrease of $186.6 million compared to prior quarter and an increase of $2.8 billion, or 34%, compared to the prior year.
"As we look to 2017 with a fresh perspective, our foundation continues to be our mission and vision as California's Bank. Our objectives for 2017 are focused on four key pillars: responsible and disciplined growth, strong and stable asset quality, focus and optimization of our business, and strong corporate governance. We are confident that we can continue to execute and deliver strong financial returns for shareholders."