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.
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