Southern California Bancorp (NASDAQ:BCAL) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in shares of Southern California Bancorp (NASDAQ:BCAL) by 26.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,824 shares of the company’s stock after acquiring an additional 13,667 shares during the quarter. Bank of New York Mellon Corp owned about 0.20% of Southern California Bancorp worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC purchased a new position in Southern California Bancorp in the third quarter valued at about $160,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Southern California Bancorp by 99.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 66,012 shares of the company’s stock valued at $976,000 after buying an additional 32,848 shares during the period. Cerity Partners LLC acquired a new position in Southern California Bancorp during the 3rd quarter worth approximately $546,000. Concentric Wealth Management LLC purchased a new position in Southern California Bancorp in the 3rd quarter worth approximately $362,000. Finally, Bedell Frazier Investment Counselling LLC acquired a new stake in Southern California Bancorp in the third quarter valued at approximately $1,381,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Southern California Bancorp Price Performance

Shares of Southern California Bancorp stock opened at $14.91 on Tuesday. Southern California Bancorp has a 1-year low of $12.30 and a 1-year high of $18.49. The company has a market capitalization of $479.58 million, a PE ratio of 78.48 and a beta of 1.13. The business has a 50-day moving average of $15.61 and a 200-day moving average of $15.74.

Southern California Bancorp (NASDAQ:BCAL) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Southern California Bancorp had a return on equity of 8.97% and a net margin of 2.94%. On average, equities analysts expect that Southern California Bancorp will post 1.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, DA Davidson reduced their target price on shares of Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th.

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.