Banc of California (BANC) Tops Q2 EPS by 6c

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UBS Reiterates Buy Banc of California (BANC) Following 2Q Earnings Beat

July 22, 2016 9:19 AM EDT

UBS reiterated a Buy rating on Banc of California (NYSE: BANC), and raised the price target to $25.00 (from $24.00), following the company's 2Q earnings report. BANC reported adjusted EPS of $0.46, above the consensus of $0.40. Slightly higher NII and a lower provision were the primary... More