Bedell Frazier Investment Counselling LLC acquired a new position in Southern California Bancorp (NASDAQ:BCAL - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 93,399 shares of the company's stock, valued at approximately $1,381,000. Bedell Frazier Investment Counselling LLC owned 0.50% of Southern California Bancorp at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Southern California Bancorp in the third quarter worth approximately $123,000. Empowered Funds LLC bought a new position in Southern California Bancorp in the 3rd quarter valued at $160,000. Rhumbline Advisers acquired a new stake in shares of Southern California Bancorp in the second quarter valued at approximately $166,000. Creekside Partners bought a new stake in shares of Southern California Bancorp during the third quarter worth approximately $190,000. Finally, Pacific Ridge Capital Partners LLC bought a new stake in shares of Southern California Bancorp in the 2nd quarter valued at about $359,000. Institutional investors own 55.40% of the company's stock.
Southern California Bancorp Stock Performance
Shares of NASDAQ BCAL traded up $0.35 during midday trading on Monday, reaching $18.11. The stock had a trading volume of 39,760 shares, compared to its average volume of 63,480. Southern California Bancorp has a 12-month low of $12.30 and a 12-month high of $18.49. The stock has a 50-day moving average of $15.14 and a 200-day moving average of $14.50. The company has a market capitalization of $582.60 million, a price-to-earnings ratio of -222.00 and a beta of 0.74.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods dropped their target price on Southern California Bancorp from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd.
Check Out Our Latest Stock Analysis on BCAL
Southern California Bancorp Profile
(
Free Report)
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.
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