** Regional lender Banc of California's BANC.N shares rise 1% to $14.10
** BANC says its board has authorized the repurchase of up to $150 million worth of its shares
** Purchases may be made in open-market transactions, block transactions, and privately negotiated transactions, among other means
** Repurchase authorization expires in March 2026 - BANC
** Raymond James says it is pleased with the announcement, adding that it expects the bank will be actively repurchasing shares
** Piper Sandler says the slightly larger buyback emerged sooner than anticipated
** BANC stock down 9% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.