Banc of California, Inc. (NYSE:BANC) declared a quarterly cash dividend of $0.10 per share for common shareholders, payable on January 2, 2026. Shareholders of record as of December 15 will receive the dividend. Additionally, holders of Series F preferred stock will get a $0.4845 per-depository-share cash dividend on December 1.

Citigroup analyst upgraded BANC stock to Buy from Hold with a price target of $21.50. The bank’s promising earnings outlook for fiscal 2026, supported by its lending business, lower deposit costs, and potential Federal Reserve rate cuts, could drive net interest margin (NIM) improvements to the higher 3.40s next year.

Banc of California, Inc. (NYSE:BANC) is a bank holding company with a market cap of $2.71 billion and over $34 billion in assets. The stock has gained 13% year-to-date. Despite its potential, other AI stocks may offer greater upside potential and less downside risk.

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Read more at Yahoo Finance: Banc of California, Inc. (BANC) Declares Quarterly Cash Dividend