Upgrades Outperform Strong Buy X

BANC Banc of California

Raymond James

$20

Upgrades Neutral Overweight X

BANC Banc of California

JP Morgan

$20

Initiated Buy X

BANC Banc of California

Jefferies

$18

Initiated Neutral X

BANC Banc of California

JP Morgan

$18

Upgrades Eq Weight Overweight X

BANC Banc of California

Wells Fargo

$17 $20

Upgrades Eq Weight Overweight X

BANC Banc of California

Barclays

$17 $18

Initiated Neutral X

BANC Banc of California

Citigroup

$15

Upgrades Neutral Outperform X

BANC Banc of California

Wedbush

$14 $18

Upgrades Mkt Perform Outperform X

BANC Banc of California

Raymond James

$16

Upgrades Mkt Perform Outperform X

BANC Banc of California

Keefe Bruyette

$16 $18

Initiated Equal Weight X

BANC Banc of California

Barclays

$16

Initiated Hold X

BANC Banc of California

Truist

$14

Downgrades Overweight Eq Weight X

BANC Banc of California

Wells Fargo

$21 $13.50

Downgrades Outperform Mkt Perform X

BANC Banc of California

Keefe Bruyette

$16

Upgrades Mkt Perform Outperform X

BANC Banc of California

Raymond James

$20

Initiated Equal-Weight X

BANC Banc of California

Stephens

$19

Upgrades Mkt Perform Outperform X

BANC Banc of California

Keefe Bruyette

$24

Upgrades Neutral Buy X

BANC Banc of California

Janney

$22

Downgrades Buy Neutral X

BANC Banc of California

DA Davidson

$17

Upgrades Underperform Mkt Perform X

BANC Banc of California

FIG Partners

Downgrades Neutral Underperform X

BANC Banc of California

BofA/Merrill

Downgrades Buy Neutral X

BANC Banc of California

B. Riley FBR, Inc.

$20

BANC  Banc of California, Inc.

Banc of California, Inc. is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties. The Bank offers automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, automatic clearing house (ACH) origination, wire transfer, direct deposit, and safe deposit boxes. Bank customers also have the ability to access their accounts through a nationwide network of automated teller machines (ATMs), online, telephone and mobile banking. The Bank's lending activities are focused on providing financing to private businesses, entrepreneurs and homeowners.