Q4 Earnings Forecast for BCAL Issued By DA Davidson

Southern California Bancorp (NASDAQ:BCAL) – Investment analysts at DA Davidson issued their Q4 2024 EPS estimates for Southern California Bancorp in a research note issued to investors on Wednesday, October 30th. DA Davidson analyst G. Tenner anticipates that the company will earn $0.45 per share for the quarter. The consensus estimate for Southern California Bancorp’s current full-year earnings is $1.03 per share. DA Davidson also issued estimates for Southern California Bancorp’s FY2025 earnings at $1.81 EPS.

Separately, Keefe, Bruyette & Woods dropped their price target on shares of Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd.

Southern California Bancorp Price Performance

Southern California Bancorp stock opened at $14.58 on Thursday. The stock has a market capitalization of $270.42 million, a PE ratio of -182.25 and a beta of 0.74. The business has a 50 day simple moving average of $14.49 and a 200-day simple moving average of $14.20. Southern California Bancorp has a 12 month low of $12.30 and a 12 month high of $18.00.

Southern California Bancorp (NASDAQ:BCAL) last released its quarterly earnings results on Monday, August 12th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $22.18 million during the quarter. Southern California Bancorp had a return on equity of 5.92% and a net margin of 12.34%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. grew its holdings in shares of Southern California Bancorp by 8.8% during the second quarter. Hennessy Advisors Inc. now owns 124,000 shares of the company’s stock worth $1,670,000 after buying an additional 10,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Southern California Bancorp during the second quarter worth about $461,000. Rhumbline Advisers purchased a new stake in Southern California Bancorp during the 2nd quarter valued at about $166,000. ELCO Management Co. LLC raised its holdings in Southern California Bancorp by 25.2% in the 2nd quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock valued at $360,000 after acquiring an additional 5,380 shares during the last quarter. Finally, Endeavour Capital Advisors Inc. lifted its stake in Southern California Bancorp by 0.8% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company’s stock worth $15,241,000 after purchasing an additional 8,521 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lester Machado sold 10,000 shares of Southern California Bancorp stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $14.37, for a total value of $143,700.00. Following the sale, the director now directly owns 15,437 shares in the company, valued at approximately $221,829.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 19.64% of the company’s stock.

About Southern California Bancorp

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.