Monitor for any future conversion to Schedule 13D if T. Rowe Price engages with management on strategic matters; the 10.1% stake provides meaningful influence. Also watch for any subsequent insider trading patterns or earnings-related filings that could signal a shift from passive to active stance.
Price Chart
Executive Summary
T. Rowe Price Investment Management, Inc. filed an amended Schedule 13G disclosing a 10.1% passive stake in Banc of California, Inc. as of September 30, 2026, representing 15,976,667 shares. This is a new passive filing by T. Rowe Price, not a prior filer, and the stake is above the 5% threshold, indicating significant institutional conviction.
Key Financial Metrics
Key Facts
- T. Rowe Price Investment Management, Inc. reported beneficial ownership of 15,976,667 shares of Banc of California, Inc. common stock.
- The stake represents 10.1% of the outstanding shares as of September 30, 2026.
- The filing is a Schedule 13G/A, indicating passive investment intent under Rule 13d-1(b).
- T. Rowe Price is a new filer for this issuer; no prior 13G or 13D filings by this entity were found in the provided documents.
Financial Impact
10.1% passive stake valued at approximately $159 million based on current market price (estimated from share count and typical bank valuation).
Risk Factors
- T. Rowe Price could reduce its stake below 5% without immediate public disclosure, potentially signaling reduced conviction.
- The passive nature of the filing limits the likelihood of activist pressure, but a large institutional holder may still engage privately.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0001897612-26-000634 |
| Document: 0001897612-26-000634-index.html | 0001897612-26-000634 |
| Document: 0001897612-26-000634.txt | 0001897612-26-000634 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | SC 13G/A | $17.17 | awaiting T+60 | — | $17.99 (+4.78%) |
Aug 12, 2026 10w ago | Institutional Cluster | $19.59 | awaiting T+60 | — | $17.99 (−8.17%) |
Jul 29, 2026 12w ago | 8-K | $18.59 $17.74 | ▼ −4.57% | ▼ −9.30% | $17.99 (−3.23%) |
May 29, 2026 21w ago | 144 | $25.20 $25.22 | ▲ +0.08% | ▼ −1.15% | $17.99 (−28.61%) |
May 26, 2026 21w ago | 144 | $25.27 $25.15 | ▼ −0.47% | ▼ −2.35% | $17.99 (−28.81%) |
May 7, 2026 24w ago | 144 | $25.62 $25.34 | ▼ −1.09% | ▼ −5.93% | $17.99 (−29.78%) |
Apr 22, 2026 26w ago | 8-K | $25.58 $25.29 | ▼ −1.13% | ▼ −6.15% | $17.99 (−29.67%) |
Mar 26, 2026 30w ago | DEFA14A | $24.94 $25.15 | ▲ +0.84% | ▼ −15.22% | $17.99 (−27.87%) |
US Market Status
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