15,953 Shares in Southern California Bancorp (NASDAQ:BCAL) Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new stake in Southern California Bancorp (NASDAQ:BCAL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,953 shares of the company’s stock, valued at approximately $264,000.

A number of other institutional investors also recently modified their holdings of BCAL. SG Americas Securities LLC raised its position in shares of Southern California Bancorp by 22.0% during the 4th quarter. SG Americas Securities LLC now owns 10,163 shares of the company’s stock valued at $168,000 after acquiring an additional 1,833 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Southern California Bancorp during the third quarter worth $160,000. Creekside Partners bought a new stake in Southern California Bancorp in the third quarter valued at about $190,000. Jane Street Group LLC acquired a new position in Southern California Bancorp in the third quarter valued at about $202,000. Finally, Aspiriant LLC bought a new position in Southern California Bancorp during the fourth quarter worth about $230,000. 55.40% of the stock is owned by institutional investors.

Southern California Bancorp Stock Performance

BCAL opened at $15.96 on Wednesday. The firm’s fifty day moving average is $16.00 and its two-hundred day moving average is $15.63. The firm has a market cap of $513.43 million, a PE ratio of 84.00 and a beta of 1.11. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.49.

Southern California Bancorp (NASDAQ:BCAL) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. Southern California Bancorp had a return on equity of 8.97% and a net margin of 2.94%. Equities analysts forecast that Southern California Bancorp will post 1.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, DA Davidson lowered their price target on Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, January 30th.

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.