Charles Schwab Investment Management Inc. Has $976,000 Stake in Southern California Bancorp (NASDAQ:BCAL)

Charles Schwab Investment Management Inc. grew its stake in shares of Southern California Bancorp (NASDAQ:BCAL) by 99.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 66,012 shares of the company’s stock after purchasing an additional 32,848 shares during the period. Charles Schwab Investment Management Inc. owned about 0.36% of Southern California Bancorp worth $976,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of BCAL. SG Americas Securities LLC bought a new stake in Southern California Bancorp during the third quarter worth $123,000. Empowered Funds LLC bought a new stake in shares of Southern California Bancorp in the 3rd quarter worth $160,000. Rhumbline Advisers bought a new stake in shares of Southern California Bancorp in the 2nd quarter worth $166,000. Creekside Partners purchased a new stake in shares of Southern California Bancorp in the third quarter valued at about $190,000. Finally, Pacific Ridge Capital Partners LLC bought a new position in shares of Southern California Bancorp during the second quarter valued at about $359,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Southern California Bancorp Stock Performance

Shares of BCAL stock opened at $17.45 on Wednesday. The company has a market capitalization of $561.28 million, a price-to-earnings ratio of -218.13 and a beta of 1.04. Southern California Bancorp has a 52-week low of $12.30 and a 52-week high of $18.49. The company has a 50-day simple moving average of $16.24 and a two-hundred day simple moving average of $14.95.

Southern California Bancorp 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.