Southern California Bancorp (NASDAQ:BCAL) Shares Up 2.5%

Southern California Bancorp (NASDAQ:BCAL)’s stock price was up 2.5% during mid-day trading on Thursday . The company traded as high as $14.97 and last traded at $14.93. Approximately 66,414 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 61,211 shares. The stock had previously closed at $14.57.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their price objective on Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd.

Southern California Bancorp Stock Performance

The business’s fifty day moving average price is $14.68 and its two-hundred day moving average price is $14.31. The firm has a market capitalization of $276.80 million, a P/E ratio of 12.34 and a beta of 0.74.

Southern California Bancorp (NASDAQ:BCAL) last released its quarterly earnings results on Monday, August 12th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $22.18 million for the quarter. Southern California Bancorp had a net margin of 12.34% and a return on equity of 5.92%. Sell-side analysts predict that Southern California Bancorp will post 1.05 earnings per share for the current year.

Insider Activity at Southern California Bancorp

In other Southern California Bancorp news, Director Lester Machado sold 10,000 shares of Southern California Bancorp stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $14.37, for a total transaction of $143,700.00. Following the completion of the sale, the director now directly owns 15,437 shares in the company, valued at approximately $221,829.69. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 19.64% of the stock is currently owned by insiders.

Institutional Trading of Southern California Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. acquired a new position in shares of Southern California Bancorp in the first quarter worth about $1,700,000. Mesirow Financial Investment Management Inc. acquired a new position in Southern California Bancorp in the 1st quarter worth about $159,000. The Manufacturers Life Insurance Company boosted its position in Southern California Bancorp by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 267,898 shares of the company’s stock worth $3,609,000 after purchasing an additional 6,266 shares in the last quarter. Rhumbline Advisers acquired a new stake in Southern California Bancorp in the second quarter valued at approximately $166,000. Finally, Pacific Ridge Capital Partners LLC purchased a new stake in shares of Southern California Bancorp in the second quarter valued at approximately $359,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Southern California Bancorp Company Profile

Southern California Bancorp operates as the holding company for Bank of Southern California, N.A. that provides various financial products to individuals, professionals, and small-to medium-sized businesses. The company offers checking, personal and business savings, and money market accounts, as well as certificates of deposit.