Empowered Funds LLC Makes New Investment in Southern California Bancorp (NASDAQ:BCAL)

Empowered Funds LLC purchased a new stake in shares of Southern California Bancorp (NASDAQ:BCAL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,810 shares of the company’s stock, valued at approximately $160,000. Empowered Funds LLC owned approximately 0.06% of Southern California Bancorp at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BCAL. SG Americas Securities LLC bought a new stake in Southern California Bancorp in the third quarter valued at $123,000. Rhumbline Advisers bought a new stake in Southern California Bancorp in the 2nd quarter valued at about $166,000. Pacific Ridge Capital Partners LLC acquired a new position in Southern California Bancorp during the 2nd quarter valued at about $359,000. ELCO Management Co. LLC boosted its stake in Southern California Bancorp by 25.2% during the 2nd quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock valued at $360,000 after purchasing an additional 5,380 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Southern California Bancorp in the 2nd quarter worth about $461,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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 report on Friday, August 2nd.

Southern California Bancorp Price Performance

Shares of BCAL opened at $17.83 on Wednesday. The company has a 50-day moving average of $15.27 and a two-hundred day moving average of $14.56. The stock has a market cap of $573.59 million, a price-to-earnings ratio of -222.88 and a beta of 0.74. Southern California Bancorp has a one year low of $12.30 and a one year high of $18.49.

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.