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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

NVS

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MSI

Motorola Solutions

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PCG

PG&E

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ABX

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WTR

Aqua America

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XLRE

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, XLB

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AQST

Aquestive Therapeutics

$17.02

0.23 (1.37%)

17:36
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  • 19

    Jan

DAKT

Daktronics

$7.67

0.07 (0.92%)

17:35
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Daktronics adopts new shareholder rights agreement »

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  • 21

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TI

Telecom Italia

$6.02

0.12 (2.03%)

17:33
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MAXR

Maxar Technologies

$18.77

-0.59 (-3.05%)

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PLUG

Plug Power

$1.83

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GSB

GlobalSCAPE

$4.55

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EQIX

Equinix

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LMT

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TLGT

Teligent

$2.56

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STAF

Staffing 360 Solutions

$1.82

0.07 (4.00%)

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Syndicate
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  • 19

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IMMR

Immersion

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ATNX

Athenex

$11.95

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TSRO

Tesaro

$34.96

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  • 03

    Dec

EEI

Ecology & Environment

$10.50

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AEE

Ameren

$69.29

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EQS

Equus II Inc

$1.86

(0.00%)

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VAPO

Vapotherm

$17.10

-0.42 (-2.40%)

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Hot Stocks
Breaking Hot Stocks news story on Vapotherm »

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  • 14

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COTY

Coty

$9.09

0.39 (4.48%)

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Hot Stocks
Coty CEO acquires 2.3M common shares »

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  • 03

    Mar

NVS

Novartis

$87.74

0.52 (0.60%)

16:54
11/16/18
11/16
16:54
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16:54
Upgrade
Novartis rating change at Goldman Sachs »

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  • 02

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