Banc of California (BANC) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1] Group 1: Company Overview - Banc of California (BANC) currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [1] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [2] Group 2: Price Performance - BANC shares have increased by 4.76% over the past week, outperforming the Zacks Banks - Southwest industry, which rose by 2.58% during the same period [3] - Over the last quarter, BANC shares have risen by 9.37%, and over the past year, they have increased by 42.5%, compared to the S&P 500's gains of 4.71% and 39.26%, respectively [3] Group 3: Trading Volume - The average 20-day trading volume for BANC is 2,126,974 shares, which serves as a bullish indicator when combined with rising stock prices [3] Group 4: Earnings Outlook - In the past two months, one earnings estimate for BANC has increased while two have decreased, leading to a consensus estimate rise from $0.62 to $0.63 [4] - For the next fiscal year, three estimates have moved upwards while two have been revised downwards [4]