Cerity Partners LLC boosted its stake in Southern California Bancorp (NASDAQ:BCAL - Free Report) by 131.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,377 shares of the company's stock after purchasing an additional 48,427 shares during the quarter. Cerity Partners LLC owned about 0.27% of Southern California Bancorp worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC raised its position in shares of Southern California Bancorp by 22.0% during the 4th quarter. SG Americas Securities LLC now owns 10,163 shares of the company's stock valued at $168,000 after buying an additional 1,833 shares in the last quarter. Intech Investment Management LLC bought a new position in Southern California Bancorp in the fourth quarter valued at $176,000. Jane Street Group LLC purchased a new stake in Southern California Bancorp during the third quarter valued at about $202,000. Aspiriant LLC bought a new stake in Southern California Bancorp during the fourth quarter worth about $230,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Southern California Bancorp in the 4th quarter worth about $264,000. 55.40% of the stock is currently owned by institutional investors.
Southern California Bancorp Stock Performance
Shares of BCAL stock traded up $0.38 on Wednesday, hitting $13.38. 79,323 shares of the company's stock traded hands, compared to its average volume of 82,433. The stock has a market capitalization of $433.54 million, a price-to-earnings ratio of 70.42 and a beta of 1.19. The company's fifty day simple moving average is $14.44 and its 200 day simple moving average is $15.50. Southern California Bancorp has a one year low of $11.87 and a one year high of $18.49.
Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.53 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Southern California Bancorp will post 1.81 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, DA Davidson dropped their target price on 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.
Check Out Our Latest Report 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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