Nomad Ventures Inc (BANC) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Nomad Ventures Inc (NYSE:BANC) posted its quarterly earnings data on Thursday, October 26th. The company reported C$0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.19 by C$0.04, MarketWatch Earnings reports. The firm had revenue of C$93.40 million during the quarter, compared to analysts’ expectations of C$84.24 million. Nomad Ventures had a return on equity of 7.03% and a net margin of 19.39%. During the same quarter last year, the firm earned $0.59 EPS.

Nomad Ventures (NYSE:BANC) opened at C$19.70 on Friday. Nomad Ventures has a twelve month low of C$13.20 and a twelve month high of C$23.25.

In other Nomad Ventures news, CEO Douglas H. Bowers acquired 57,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were purchased at an average cost of C$17.56 per share, for a total transaction of C$1,000,920.00. Following the completion of the acquisition, the chief executive officer now owns 92,000 shares of the company’s stock, valued at approximately C$1,615,520. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 30,000 shares of company stock worth $14,000.

A number of equities analysts have weighed in on the company. BidaskClub upgraded Nomad Ventures from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered Nomad Ventures from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. FBR & Co restated a “buy” rating and issued a $24.00 price target on shares of Nomad Ventures in a research note on Thursday, October 26th. Finally, ValuEngine upgraded Nomad Ventures from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$22.67.

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Nomad Ventures Company Profile

Banc of California, Inc is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties.

Earnings History for Nomad Ventures (NYSE:BANC)

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