Analysts Have Conflicting Sentiments on These Financial Companies: Banc of California (BANC), Provident Financial Services (PFS) and Popular (BPOP)

Analysts have been eager to weigh in on the Financial sector with new ratings on Banc of California (BANC – Research Report), Provident Financial Services (PFS – Research Report) and Popular (BPOP – Research Report).

Banc of California (BANC)

KBW analyst Christopher Mcgratty assigned a Buy rating to Banc of California yesterday and set a price target of $18.00. The company’s shares closed last Friday at $15.08, close to its 52-week high of $16.08.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 10.3% and a 65.7% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and First Interstate Bancsystem.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Banc of California with a $16.50 average price target.

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Provident Financial Services (PFS)

KBW analyst Michael Perito assigned a Hold rating to Provident Financial Services on May 10 and set a price target of $17.00. The company’s shares closed last Friday at $15.86.

According to TipRanks.com, Perito is a 5-star analyst with an average return of 12.8% and a 61.4% success rate. Perito covers the Financial sector, focusing on stocks such as Tompkins Financial Corporation, Bank of NT Butterfield & Son, and Esquire Financial Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Provident Financial Services with a $17.75 average price target.

Popular (BPOP)

KBW analyst Kelly Motta assigned a Buy rating to Popular on May 10 and set a price target of $110.00. The company’s shares closed last Friday at $90.92, close to its 52-week high of $90.99.

According to TipRanks.com, Motta is a 3-star analyst with an average return of 7.0% and a 63.6% success rate. Motta covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Southern Missouri Bancorp, and First Bancorp Puerto Rico.

Currently, the analyst consensus on Popular is a Strong Buy with an average price target of $104.57, representing a 16.4% upside. In a report issued on April 25, Barclays also maintained a Buy rating on the stock with a $105.00 price target.

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Read More on BANC:

• Banc of California price target lowered to $15 from $16 at Truist
• Banc of California price target lowered to $15 from $16 at Wedbush
• Banc of California price target lowered to $15 from $16 at Barclays
• Banc of California Q3 Results and Conference Call Announcement
• Banc of California reports Q1 adjusted EPS 19c, consensus 22c