Banc of California (BANC) Gets $19.0000 Target By Merrill Lynch; Last Week Oceaneering International, Inc. (OII) Coverage

Oceaneering International, Inc. (NYSE:OII) Logo

Merrill Lynch downgraded shares of Banc of California (NYSE:BANC) to a Sell rating in a a research report revealed to investors and clients on Friday, 6 April. The firm currently has a $19.0000 PT on the stock. Merrill Lynch’s PT would indicate a potential downside of -1.81% from the stock’s close price.

Among 27 analysts covering Oceaneering International (NYSE:OII), 6 have Buy rating, 2 Sell and 19 Hold. Therefore 22% are positive. Oceaneering International had 76 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Thursday, July 20 by RBC Capital Markets. The firm has “Underweight” rating by JP Morgan given on Tuesday, September 12. The firm has “Sector Perform” rating by Howard Weil given on Monday, December 14. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, April 19 report. The company was maintained on Friday, July 28 by Piper Jaffray. As per Thursday, December 21, the company rating was maintained by RBC Capital Markets. The stock of Oceaneering International, Inc. (NYSE:OII) earned “Market Perform” rating by Cowen & Co on Monday, May 2. The stock has “Hold” rating by Cowen & Co on Friday, October 6. The stock of Oceaneering International, Inc. (NYSE:OII) earned “Underweight” rating by JP Morgan on Monday, October 30. Jefferies maintained it with “Hold” rating and $25.0 target in Friday, September 29 report. See Oceaneering International, Inc. (NYSE:OII) latest ratings:

13/03/2018 Broker: Cowen & Co Rating: Hold New Target: $16.0 Maintain
14/03/2018 Broker: Jefferies Old Rating: Underperform New Rating: Hold Upgrade
25/02/2018 Broker: Piper Jaffray Rating: Hold New Target: $16.85 Maintain
27/02/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $24 New Target: $21 Maintain
27/02/2018 Broker: Loop Capital Old Rating: Hold New Rating: Hold Old Target: $21 New Target: $19 Maintain
26/02/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $20 New Target: $19 Maintain
26/02/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Outperform Old Target: $18 New Target: $17 Maintain
12/01/2018 Broker: Wells Fargo Rating: Sell Downgrade
11/01/2018 Broker: Cowen & Co Rating: Hold New Target: $27.0 Maintain
04/01/2018 Broker: Jefferies Old Rating: Hold New Rating: Underperform Downgrade

The stock decreased 0.77% or $0.15 during the last trading session, reaching $19.35. About 521,731 shares traded. Banc of California, Inc. (NYSE:BANC) has declined 9.16% since April 6, 2017 and is downtrending. It has underperformed by 20.71% the S&P500.

Banc of California, Inc. operates as the bank holding firm for Banc of California, National Association that provides banking services and products in the United States. The company has market cap of $978.94 million. It operates through Commercial Banking and Mortgage Banking divisions. It has a 27.22 P/E ratio. The companyÂ’s deposits consist of checking, savings, money market, retirement, and interest and non-interest bearing demand accounts, as well as certificates of deposit; and commercial and consumer loan products include commercial and industrial loans, commercial real estate loans, multi-family loans, small business administration guaranteed business loans, construction and renovation loans, lease financing, single family residential mortgage loans, warehouse loans, asset-insurance-or security backed loans, home equity lines of credit, consumer and business lines of credit, home equity loans, and other consumer loans.

Since February 1, 2018, it had 1 insider buy, and 0 selling transactions for $386,000 activity. Bogler John A. bought $386,000 worth of Banc of California, Inc. (NYSE:BANC) on Thursday, February 1.

Investors sentiment decreased to 0.78 in 2017 Q4. Its down 0.20, from 0.98 in 2017Q3. It fall, as 22 investors sold Banc of California, Inc. shares while 66 reduced holdings. 26 funds opened positions while 43 raised stakes. 56.03 million shares or 5.95% less from 59.57 million shares in 2017Q3 were reported. Tudor Inv Corporation Et Al reported 44,038 shares or 0.02% of all its holdings. United Svcs Automobile Association reported 293,875 shares stake. Parkside Commercial Bank And reported 0% of its portfolio in Banc of California, Inc. (NYSE:BANC). Vertex One Asset Mgmt stated it has 37,500 shares or 0.13% of all its holdings. Advisory Ntwk Limited Com accumulated 1,000 shares. Hennessy Advsr Inc invested 0.29% in Banc of California, Inc. (NYSE:BANC). Citigroup holds 0% in Banc of California, Inc. (NYSE:BANC) or 4,187 shares. Delaware-based Riverhead Cap Mgmt Llc has invested 0% in Banc of California, Inc. (NYSE:BANC). Jpmorgan Chase And Com, New York-based fund reported 150,333 shares. Legal General Grp Incorporated Public Ltd Company has invested 0% in Banc of California, Inc. (NYSE:BANC). Guggenheim Cap Limited Company owns 0% invested in Banc of California, Inc. (NYSE:BANC) for 22,963 shares. Alphaone Inv Limited Liability Corporation reported 69,550 shares or 0.43% of all its holdings. Moreover, Gator Capital Mngmt Limited Liability Co has 0.3% invested in Banc of California, Inc. (NYSE:BANC). Swiss Natl Bank has invested 0% of its portfolio in Banc of California, Inc. (NYSE:BANC). Royal Bank Of Canada has 0% invested in Banc of California, Inc. (NYSE:BANC).

Analysts await Banc of California, Inc. (NYSE:BANC) to report earnings on May, 2. They expect $0.16 EPS, down 40.74% or $0.11 from last year’s $0.27 per share. BANC’s profit will be $8.09M for 30.23 P/E if the $0.16 EPS becomes a reality. After $0.30 actual EPS reported by Banc of California, Inc. for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.

Among 11 analysts covering Banc of California (NYSE:BANC), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Banc of California has $26.0 highest and $16 lowest target. $22.38’s average target is 15.66% above currents $19.35 stock price. Banc of California had 29 analyst reports since November 9, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, May 4 by Raymond James. The firm earned “Hold” rating on Monday, June 5 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, August 28 report. The rating was upgraded by FBR Capital on Thursday, January 26 to “Outperform”. The stock has “Hold” rating by FBR Capital on Thursday, February 1. The stock of Banc of California, Inc. (NYSE:BANC) has “Hold” rating given on Monday, February 26 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Thursday, March 15 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, July 6 report. The firm earned “Buy” rating on Thursday, February 8 by Piper Jaffray. The stock of Banc of California, Inc. (NYSE:BANC) has “Outperform” rating given on Tuesday, April 11 by Wells Fargo.

Oceaneering International, Inc. provides engineered services and products to the offshore gas and oil, defense, aerospace, and commercial theme park industries worldwide. The company has market cap of $1.89 billion. The companyÂ’s Remotely Operated Vehicles segment offers submersible vehicles for drill support, vessel inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services. It has a 11.42 P/E ratio. As of December 31, 2016, this segment owned 280 work-class ROVs.

Since December 18, 2017, it had 0 buys, and 1 sale for $5,956 activity. MOSCHETTA ROBERT P sold 307 shares worth $5,956.

The stock increased 3.12% or $0.58 during the last trading session, reaching $19.18. About 1.44 million shares traded or 8.06% up from the average. Oceaneering International, Inc. (NYSE:OII) has declined 24.59% since April 6, 2017 and is downtrending. It has underperformed by 36.14% the S&P500.

Oceaneering International, Inc. (NYSE:OII) Institutional Positions Chart