Bedell Frazier Investment Counselling LLC Decreases Position in Southern California Bancorp (NASDAQ:BCAL)

Bedell Frazier Investment Counselling LLC lessened its position in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,729 shares of the company's stock after selling 19,670 shares during the quarter. Bedell Frazier Investment Counselling LLC owned 0.23% of Southern California Bancorp worth $1,219,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BCAL. SG Americas Securities LLC grew its holdings 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 valued at $168,000 after purchasing an additional 1,833 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Southern California Bancorp by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,261 shares of the company's stock valued at $1,129,000 after acquiring an additional 2,249 shares during the period. Vanguard Group Inc. increased its stake in Southern California Bancorp by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,288,260 shares of the company's stock worth $21,308,000 after purchasing an additional 3,897 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in shares of Southern California Bancorp by 20.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 46,718 shares of the company's stock valued at $773,000 after acquiring an additional 8,047 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Southern California Bancorp in the fourth quarter worth approximately $176,000. Hedge funds and other institutional investors own 55.40% of the company's stock.

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Southern California Bancorp Trading Down 8.4 %

Shares of Southern California Bancorp stock traded down $1.19 during trading hours on Thursday, reaching $13.01. The stock had a trading volume of 120,675 shares, compared to its average volume of 78,529. The stock's 50 day moving average is $15.52 and its 200 day moving average is $15.73. The firm has a market capitalization of $418.31 million, a PE ratio of 68.82 and a beta of 1.13. Southern California Bancorp has a twelve month low of $12.30 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 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.08. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. As a group, sell-side analysts predict that Southern California Bancorp will post 1.81 earnings per share for the current year.

Analysts Set New Price Targets

Separately, DA Davidson decreased their price objective on shares of Southern California Bancorp from $22.00 to $20.00 and set a "buy" rating for the company in a research report 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.