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BANC

Banc of California

$18.90

0.15 (0.80%)

14:20
04/12/18
04/12
14:20
04/12/18
14:20

Bearish option flow in Banc of California as players open far downside puts

Bearish option flow in Banc of California as players open far downside puts. The stock up 14c to $18.89 and Jul 15 puts are swept across the exchanges in recent trade for 30 to 40c per contract. More than 5K changed hands and the bearish flow is on track to open the largest OI block in the name, surpassing the 3K open at the Jul 20 put strike. Players are buying these 20% OTM July puts ahead of earnings in early-May.

  • 14

    May

BANC Banc of California
$18.90

0.15 (0.80%)

04/06/18
04/06/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Incyte (INCY) downgraded to Neutral from Buy at Guggenheim and to Market Perform from Outperform at William Blair. 2. Ormat Technologies (ORA) downgraded to Perform from Outperform at Oppenheimer with analyst Noah Kaye citing valuation. 3. Sprague Resources (SRLP) downgraded to Underweight from Neutral at JPMorgan with analyst Andrew Burd citing the stock's year-to-date outperformance for the downgrade. 4. Banc of California (BANC) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ebrahim Poonwala saying the company's new management team is working towards achieving its long-term strategic targets but is cautious on elevated execution risk given the balance sheet overhaul and lower quality deposit base. 5. Xilinx (XLNX) downgraded to Underweight from Neutral at JPMorgan with analyst Harlan Sur saying he believes multiple compression is likely with basestation deployment in China likely to decline in 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/06/18
BOFA
04/06/18
DOWNGRADE
Target $19
BOFA
Underperform
Banc of California downgraded to Underperform at BofA/Merrill
As previously reported, BofA/Merrill downgraded Banc of California to Underperform from Neutral and cut its price target to $19 from $22. Analyst Ebrahim Poonwala said the company's new management team is working towards achieving its long-term strategic targets but is cautious on elevated execution risk given the balance sheet overhaul and lower quality deposit base.
04/06/18
BOFA
04/06/18
DOWNGRADE
BOFA
Underperform
Banc of California downgraded to Underperform from Neutral at BofA/Merrill
02/01/18
RILY
02/01/18
DOWNGRADE
Target $20
RILY
Neutral
Banc of California downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Stephen Moss downgraded Banc of California to Neutral and lowered his price target for the shares to $20 from $25. The analyst says expectations for better earnings results are delayed following the company's Q4 results.

TODAY'S FREE FLY STORIES

LRAD

LRAD Corporation

$2.83

0.02 (0.71%)

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LRAD

LRAD Corporation

$2.83

0.02 (0.71%)

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LRAD

LRAD Corporation

$2.83

0.02 (0.71%)

16:53
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Earnings
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CDNA

CareDx

$16.87

-0.13 (-0.76%)

16:50
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CareDx CFO Michael Brian Bell sells 12,500 shares of company stock »

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VNDA

Vanda Pharmaceuticals

$21.60

0.15 (0.70%)

16:46
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Vanda Pharmaceuticals wins denial of petition for rehearing on Fanapt »

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HD

Home Depot

$193.08

-1.03 (-0.53%)

16:45
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FANG

Diamondback Energy

$133.75

1.84 (1.39%)

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LOW

Lowe's

$98.41

1.32 (1.36%)

, UTX

United Technologies

$132.40

0.23 (0.17%)

16:42
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LOW

Lowe's

$98.41

1.32 (1.36%)

UTX

United Technologies

$132.40

0.23 (0.17%)

MDLZ

Mondelez

$41.87

-0.03 (-0.07%)

ADP

ADP

$141.17

1.48 (1.06%)

QSR

Restaurant Brands

$62.20

0.355 (0.57%)

CMG

Chipotle

$493.33

8.97 (1.85%)

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DXC

DXC Technology

$86.56

2.02 (2.39%)

16:41
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DXC Technology awarded $400M contract by Wisconsin DHS »

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  • 15

    Aug

16:39
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General news
API crude inventories for week of August 10 »

API reports that crude…

CSOD

Cornerstone OnDemand

$52.59

0.48 (0.92%)

16:35
08/14/18
08/14
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Cornerstone OnDemand analyst commentary  »

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ATNM

Actinium Pharmaceuticals

$0.62

0.003 (0.49%)

16:34
08/14/18
08/14
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08/14/18
16:34
Conference/Events
Actinium Pharmaceuticals to hold a conference call »

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  • 14

    Aug

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PRSP

Perspecta

$21.64

-0.31 (-1.41%)

16:34
08/14/18
08/14
16:34
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Earnings
Perspecta sees FY18 pro forma revenue $4.150B-$4.250B, consensus $4.2B »

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  • 14

    Aug

FCN

FTI Consulting

$80.32

0.33 (0.41%)

16:33
08/14/18
08/14
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16:33
Syndicate
Breaking Syndicate news story on FTI Consulting »

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PRSP

Perspecta

$21.64

-0.31 (-1.41%)

16:32
08/14/18
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Perspecta reports Q1 adjusted EPS 54c, consensus 46c »

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SBBP

Strongbridge Biopharma

$6.25

0.3 (5.04%)

16:31
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Syndicate
Strongbridge Biopharma files to sell 9M ordinary shares »

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HWC

Hancock Whitney

$51.40

0.6 (1.18%)

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ATRI

Atrion

$656.00

9 (1.39%)

16:31
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Atrion increases quarterly cash dividend by 13% »

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TIK

Tel-Instrument

$2.60

(0.00%)

16:31
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Hot Stocks
Tel-Instrument receives NYSE non-compliance letter »

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16:30
08/14/18
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Options
Preliminary option volume of 16.1M today »

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DLPN

Dolphin Entertainment

$2.96

(0.00%)

16:29
08/14/18
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16:29
Earnings
Dolphin Entertainment reports Q2 EPS (1c), consensus 2c »

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  • 15

    Aug

BK

BNY Mellon

$50.97

0.825 (1.65%)

, GE

General Electric

$12.35

-0.09 (-0.72%)

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BK

BNY Mellon

$50.97

0.825 (1.65%)

GE

General Electric

$12.35

-0.09 (-0.72%)

MDLZ

Mondelez

$41.87

-0.03 (-0.07%)

WEN

Wendy's

$17.84

0.48 (2.77%)

SYY

Sysco

$74.19

1.47 (2.02%)

PG

Procter & Gamble

$81.31

-0.21 (-0.26%)

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  • 15

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VRAY

ViewRay

$9.89

-0.01 (-0.10%)

16:28
08/14/18
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Syndicate
ViewRay files to sell $125M of common stock »

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  • 04

    Sep

LMB

Limbach Holding

$10.70

0.11 (1.04%)

16:26
08/14/18
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Earnings
Limbach Holding raises FY18 revenue view to $530-$550M from $520M-$540M »

Consensus $527.77M. Now…

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  • 15

    Aug

MRSN

Mersana Therapeutics

$12.75

0.04 (0.31%)

16:26
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Earnings
Mersana Therapeutics reports Q2 EPS (54c), consensus (58c) »

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