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BANC

Banc of California

$11.26

-4.61 (-29.05%)

19:07
10/18/16
10/18
19:07
10/18/16
19:07

Banc of California aware aware of Galanis claims, says board investigating

Banc of California announced it is aware of allegations posted in a financial blog. The company's board of directors has been aware of matters relating to Jason Galanis including certain claims he had made suggesting an affiliation with members of the company, its board, and/or its executive team. The board, acting through its Disinterested Directors, immediately initiated a thorough independent investigation led by Winston & Strawn, and has received regular reports including related to regulatory and governmental communications over the past year. The complaint filed by the Department of Justice against Galanis and others dated May 9, 2016 states that Galanis' claims to be affiliated with COR Capital were fraudulent, the company said.

  • 19

    Oct

BANC Banc of California
$11.26

-4.61 (-29.05%)

05/23/16
UBSW
05/23/16
INITIATION
Target $24
UBSW
Buy
Banc of California initiated with a Buy at UBS
UBS analyst David Eads started Banc of California with an Buy rating and $24 price target.
07/01/16
FBRC
07/01/16
INITIATION
Target $20
FBRC
Market Perform
Banc of California initiated with a Market Perform at FBR Capital
FBR Capital analyst Bob Ramsey started Banc of California with a Market Perform rating and $20 price target.
08/17/16
FIGP
08/17/16
DOWNGRADE
FIGP
Underperform
Banc of California downgraded to Underperform at Fig Partners
Fig Partners downgraded Banc of California to Underperform from Market Perform.
10/18/16
RAJA
10/18/16
NO CHANGE
RAJA
Outperform
Raymond James advises to 'consider the source' of Banc of California short call
Raymond James noted that Aurelius, the source of a short report that has been attributed as the source of weakness in shares of Banc of California, has previously authored several short pieces that contained "highly speculative conclusions" that have proven incorrect. The firm has an Outperform rating on Banc of California shares.

TODAY'S FREE FLY STORIES

BMS

Bemis

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-0.28 (-0.62%)

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ATUS

Altice USA

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  • 22

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BBRY

BlackBerry

$11.06

0.41 (3.85%)

, FINL

Finish Line

$12.73

0.23 (1.84%)

20:25
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BBRY

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$11.06

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  • 23

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NBRV

Nabriva Therapeutics

$10.50

1.19 (12.78%)

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  • 06

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WIX

Wix.com

$72.80

0.5 (0.69%)

20:20
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  • 28

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OCLR

Oclaro

$9.44

-0.1 (-1.05%)

20:19
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  • 22

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ACIA

Acacia Communications

$41.64

0.65 (1.59%)

20:19
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  • 22

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LITE

Lumentum

$62.45

-0.05 (-0.08%)

20:19
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  • 22

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LEJU

Leju

$2.46

0.07 (2.93%)

20:05
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GCP

GCP Applied Technologies

$30.40

0.3 (1.00%)

20:04
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20:04
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PHM

PulteGroup

$24.04

-0.24 (-0.99%)

19:58
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DHI

D.R. Horton

$33.47

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CAA

CalAtlantic

$34.80

-0.34 (-0.97%)

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BZH

Beazer Homes

$13.01

0.03 (0.23%)

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MTH

Meritage Homes

$40.40

-0.4 (-0.98%)

19:57
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Initiation
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TOL

Toll Brothers

19:57
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LEN

Lennar

$52.41

-0.84 (-1.58%)

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KBH

KB Home

$22.23

-0.1 (-0.45%)

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  • 27

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MHK

Mohawk

$242.70

-0.22 (-0.09%)

19:27
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FBHS

Fortune Brands

$65.09

0.06 (0.09%)

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JELD

JELD-WEN Holding

$34.60

-0.29 (-0.83%)

19:26
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Initiation
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IBP

Installed Building Products

$52.75

-1 (-1.86%)

19:26
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Initiation
Installed Building Products initiated at Credit Suisse »

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OC

Owens Corning

$66.42

-0.85 (-1.26%)

19:26
06/22/17
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Initiation
Owens Corning initiated at Credit Suisse »

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WHR

Whirlpool

$195.16

1.35 (0.70%)

19:26
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Initiation
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MAS

Masco

$38.82

0.06 (0.15%)

19:26
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Initiation
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