Banc Of California Stock Piotroski F Score

BANC-PF Stock   24.56  0.06  0.24%   
This module uses fundamental data of Banc Of to approximate its Piotroski F score. Banc Of F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Banc of California. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Banc Of financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Banc Of Altman Z Score, Banc Of Correlation, Banc Of Valuation, as well as analyze Banc Of Alpha and Beta and Banc Of Hype Analysis.
  
At this time, Banc Of's Short Term Debt is most likely to decrease significantly in the upcoming years. The Banc Of's current Debt To Equity is estimated to increase to 1.41, while Long Term Debt is projected to decrease to roughly 991.2 M. At this time, Banc Of's Free Cash Flow Yield is most likely to increase slightly in the upcoming years. The Banc Of's current Operating Cash Flow Per Share is estimated to increase to 0.92, while PTB Ratio is projected to decrease to 0.55.
At this time, it appears that Banc Of's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
Current Return On Assets

Negative

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Banc Of Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Banc Of is to make sure Banc is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Banc Of's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Banc Of's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.00690.0072
Notably Down
Slightly volatile
Gross Profit Margin0.770.89
Fairly Down
Pretty Stable
Total Current Liabilities34.1 B32.5 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total3.8 B4.4 B
Fairly Down
Slightly volatile
Total Assets46.5 B44.3 B
Sufficiently Up
Slightly volatile
Total Current Assets6.8 B6.4 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities124.4 M156.1 M
Significantly Down
Slightly volatile

Banc of California F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Banc Of's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Banc Of in a much-optimized way.

About Banc Of Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

24.42

At this time, Banc Of's Book Value Per Share is most likely to increase significantly in the upcoming years.

Banc Of Current Valuation Drivers

We derive many important indicators used in calculating different scores of Banc Of from analyzing Banc Of's financial statements. These drivers represent accounts that assess Banc Of's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Banc Of's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap2.0B1.7B2.3B2.3B2.0B2.1B
Enterprise Value3.1B2.3B2.9B3.1B428.3M406.9M

About Banc Of Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Banc of California's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Banc Of using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Banc of California based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in Banc Stock

Banc Of financial ratios help investors to determine whether Banc Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Banc with respect to the benefits of owning Banc Of security.