Banc of California (BANC) Surges 8.0%: Is This an Indication of Further Gains?

Company Overview - Banc of California (BANC) shares increased by 8% to $13.03 in the last trading session, following a significant volume of trading, contrasting with a 9.3% loss over the previous four weeks [1][2] Market Influence - The stock's rally was influenced by a broader market surge, particularly due to President Donald Trump's announcement of a 90-day tariff pause for non-retaliating nations, which positively impacted investor sentiment [2] Earnings Expectations - Banc of California is projected to report quarterly earnings of $0.24 per share, reflecting a year-over-year increase of 26.3%. Expected revenues are $272.46 million, a slight decrease of 0.2% from the same quarter last year [3] Earnings Estimate Trends - The consensus EPS estimate for Banc of California has remained stable over the past 30 days, indicating that stock price movements may not sustain without changes in earnings estimate revisions [4] Industry Context - Banc of California is categorized under the Zacks Banks - Southwest industry, where BancFirst (BANF) also operates. BANF's stock closed 6.1% higher at $108.29, but has seen a return of -5.9% over the past month [4] Competitor Analysis - BancFirst's consensus EPS estimate is unchanged at $1.58, representing a year-over-year change of 5.3%. BancFirst currently holds a Zacks Rank of 4 (Sell) [5]