Destination Wealth Management acquired a new stake in Southern California Bancorp (NASDAQ:BCAL - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 36,566 shares of the company's stock, valued at approximately $541,000. Destination Wealth Management owned approximately 0.11% of Southern California Bancorp at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Petiole USA ltd boosted its holdings in Southern California Bancorp by 130.1% during the third quarter. Petiole USA ltd now owns 195,604 shares of the company's stock worth $2,893,000 after purchasing an additional 110,604 shares during the last quarter. MAI Capital Management acquired a new position in shares of Southern California Bancorp during the 3rd quarter worth about $801,000. Keystone Wealth Services LLC bought a new position in shares of Southern California Bancorp in the 3rd quarter valued at about $617,000. Baker Avenue Asset Management LP acquired a new stake in shares of Southern California Bancorp in the third quarter valued at about $1,052,000. Finally, Cerity Partners LLC bought a new stake in Southern California Bancorp during the third quarter worth about $546,000. 55.40% of the stock is owned by institutional investors and hedge funds.
Southern California Bancorp Price Performance
BCAL stock traded down $0.09 during mid-day trading on Friday, reaching $17.65. The company had a trading volume of 27,078 shares, compared to its average volume of 62,897. Southern California Bancorp has a 52 week low of $12.30 and a 52 week high of $18.49. The company has a market capitalization of $567.80 million, a price-to-earnings ratio of -221.75 and a beta of 1.04. The stock has a 50 day simple moving average of $16.03 and a two-hundred day simple moving average of $14.86.
Southern California Bancorp Profile
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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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