If you are wondering whether Banc of California at around US$20.87 is offering fair value right now, you are not alone.
The stock has logged returns of 2.0% over the last 7 days, 6.2% over the past month, 7.3% year to date and 35.0% over the last year, which naturally raises questions about how much of the story is already in the price.
Recent news around the stock has focused on how investors are reassessing US regional banks and looking more closely at individual balance sheets, capital levels and funding profiles. For Banc of California, that context helps explain why the share price and sentiment can shift quickly as new information and commentary emerge.
Banc of California currently holds a valuation score of 2 out of 6, so we…
