Curi RMB Capital LLC raised its stake in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) by 500.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 393,456 shares of the company's stock after purchasing an additional 327,981 shares during the quarter. Curi RMB Capital LLC owned 2.12% of Southern California Bancorp worth $5,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Endeavour Capital Advisors Inc. raised its position in Southern California Bancorp by 0.8% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company's stock worth $15,241,000 after purchasing an additional 8,521 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Southern California Bancorp by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 267,898 shares of the company's stock valued at $3,609,000 after acquiring an additional 6,266 shares during the period. Hennessy Advisors Inc. grew its position in Southern California Bancorp by 8.8% during the 2nd quarter. Hennessy Advisors Inc. now owns 124,000 shares of the company's stock worth $1,670,000 after acquiring an additional 10,000 shares during the last quarter. Baker Avenue Asset Management LP purchased a new position in Southern California Bancorp in the 3rd quarter worth approximately $1,052,000. Finally, Keystone Wealth Services LLC bought a new stake in Southern California Bancorp in the third quarter valued at approximately $617,000. Hedge funds and other institutional investors own 55.40% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods dropped their price target on shares of Southern California Bancorp from $23.00 to $19.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd.
Check Out Our Latest Analysis on BCAL
Southern California Bancorp Stock Down 0.3 %
Shares of BCAL stock traded down $0.06 during trading hours on Friday, hitting $17.26. 66,229 shares of the company's stock traded hands, compared to its average volume of 63,892. The stock's fifty day simple moving average is $14.79 and its two-hundred day simple moving average is $14.35. Southern California Bancorp has a 12-month low of $12.30 and a 12-month high of $18.00. The stock has a market cap of $320.17 million, a price-to-earnings ratio of -215.75 and a beta of 0.74.
Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $22.18 million during the quarter. Southern California Bancorp had a negative net margin of 4.51% and a positive return on equity of 6.72%. On average, equities analysts forecast that Southern California Bancorp will post 0.87 earnings per share for the current fiscal year.
Insider Transactions at Southern California Bancorp
In other news, Director Lester Machado sold 10,000 shares of Southern California Bancorp stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $14.37, for a total transaction of $143,700.00. Following the transaction, the director now owns 15,437 shares in the company, valued at $221,829.69. This trade represents a 39.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 19.64% of the company's stock.
About Southern California Bancorp
(
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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