Alliancebernstein L.P. Has $42.07 Million Stock Position in Southern California Bancorp (NASDAQ:BCAL)

Alliancebernstein L.P. cut its holdings in Southern California Bancorp (NASDAQ:BCAL - Free Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,543,472 shares of the company's stock after selling 169,107 shares during the period. Alliancebernstein L.P. owned 7.91% of Southern California Bancorp worth $42,069,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BCAL. SG Americas Securities LLC grew its position in Southern California Bancorp by 22.0% during the fourth quarter. SG Americas Securities LLC now owns 10,163 shares of the company's stock worth $168,000 after buying an additional 1,833 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Southern California Bancorp during the fourth quarter worth about $176,000. Jane Street Group LLC acquired a new stake in Southern California Bancorp during the third quarter worth about $202,000. Aspiriant LLC acquired a new stake in Southern California Bancorp during the fourth quarter worth about $230,000. Finally, MetLife Investment Management LLC grew its position in Southern California Bancorp by 348.8% during the third quarter. MetLife Investment Management LLC now owns 14,719 shares of the company's stock worth $218,000 after buying an additional 11,439 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

Southern California Bancorp Trading Down 3.4 %

BCAL stock traded down $0.44 during trading on Thursday, reaching $12.44. 33,547 shares of the stock were exchanged, compared to its average volume of 79,965. The stock has a 50 day simple moving average of $15.08 and a 200-day simple moving average of $15.62. The company has a market capitalization of $402.92 million, a P/E ratio of 65.54 and a beta of 1.19. Southern California Bancorp has a twelve month low of $11.87 and a twelve month high of $18.49.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last released 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%. Equities analysts predict that Southern California Bancorp will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their target price on 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.