Banc of California, Inc. Price & Performance (BANC-PF)

Amundi has significantly increased its investment in Banc of California, acquiring an additional 45,002 shares during Q4 2024. This move brings its total holdings to 69,248 shares, valued at approximately $1.08 million. The bank's stock has seen mixed analyst ratings, with a consensus "Moderate Buy" and a target price of $18.18.1

Banc of California has unveiled a $150 million stock repurchase program, effective until March 2026. The initiative allows for share acquisitions through various methods, including open-market and private transactions. This move underscores the bank’s commitment to shareholder value, though it may limit funds for other investments.23

Baird has upgraded Bank of America Corporation’s preferred stock (NYSE:BAC.PRB) from "Neutral" to "Outperform." Institutional ownership has shown slight increases, with notable funds like iShares Preferred and Income Securities ETF expanding their holdings. The stock's portfolio allocation among investors has risen by over 10% in the last quarter.4