State Street Amends Banc of California Stake Disclosure
Ticker: BANC-PF · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1169770
| Field | Detail |
|---|---|
| Company | Banc Of California, Inc. (BANC-PF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street just updated its Banc of California holdings, watch for shifts in institutional sentiment.**
AI Summary
State Street Corporation, a major financial institution, filed an amended Schedule 13G/A on January 24, 2024, indicating its ownership of BANC OF CALIFORNIA INC's common stock as of December 31, 2023. This filing updates previous disclosures, signaling a potential change in their stake in Banc of California. For investors, this matters because large institutional holdings can influence stock stability and market perception, and any significant change by a firm like State Street could be seen as a vote of confidence or concern.
Why It Matters
This filing shows State Street Corporation's updated ownership in Banc of California, which can signal institutional sentiment and potentially impact the stock's perceived stability.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate high-risk actions or significant changes in control.
Analyst Insight
Investors should monitor future 13G/A filings from State Street to track any significant changes in their ownership percentage of Banc of California, as large institutional movements can influence market perception and stock performance.
Key Numbers
- 05990K106 — CUSIP Number (Identifies the specific class of securities (Banc of California Common Stock) being reported.)
- 12/31/2023 — Date of Event (The specific date as of which the ownership information in this filing is accurate.)
Key Players & Entities
- STATE STREET CORPORATION (company) — the reporting person filing the SC 13G/A
- BANC OF CALIFORNIA, INC. (company) — the subject company whose common stock is being reported
- 0000093751-24-000144 (dollar_amount) — accession number for the filing
- 05990K106 (dollar_amount) — CUSIP number for Banc of California's common stock
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- State Street Corporation will maintain a significant, but passive, stake in Banc of California Inc. for the foreseeable future. (STATE STREET CORPORATION) — high confidence, target: 12/31/2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as explicitly stated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is BANC OF CALIFORNIA INC, identified under 'NAME OF ISSUER: BANC OF CALIFORNIA INC'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of Banc of California Inc. is 05990K106, as listed under 'CUSIP NUMBER: 05990K106'.
What is the date of the event that triggered this filing?
The date of the event which requires the filing of this statement is December 31, 2023, as indicated by 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: 12/31/2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding BANC OF CALIFORNIA, INC. (BANC-PF).