Southern California Bancorp (NASDAQ:BCAL) Shares Sold by Destination Wealth Management

Destination Wealth Management lessened its position in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,290 shares of the company's stock after selling 21,276 shares during the quarter. Destination Wealth Management's holdings in Southern California Bancorp were worth $253,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BCAL. Raymond James Financial Inc. acquired a new stake in shares of Southern California Bancorp during the 4th quarter worth about $641,000. Charles Schwab Investment Management Inc. raised its stake in shares of Southern California Bancorp by 3.4% in the 4th 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. Bank of New York Mellon Corp lifted its holdings in shares of Southern California Bancorp by 26.7% in the 4th quarter. Bank of New York Mellon Corp now owns 64,824 shares of the company's stock worth $1,072,000 after acquiring an additional 13,667 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Southern California Bancorp during the 4th quarter worth approximately $264,000. Finally, SG Americas Securities LLC boosted 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 worth $168,000 after purchasing an additional 1,833 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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Southern California Bancorp Price Performance

Shares of BCAL stock traded down $0.21 during trading on Tuesday, reaching $14.93. The company's stock had a trading volume of 149,539 shares, compared to its average volume of 83,325. Southern California Bancorp has a 1-year low of $12.30 and a 1-year high of $18.49. The stock's 50-day moving average price is $15.78 and its 200 day moving average price is $15.73. The company has a market capitalization of $480.22 million, a price-to-earnings ratio of 78.58 and a beta of 1.13.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. On average, sell-side analysts anticipate that Southern California Bancorp will post 1.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price target 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.

About Southern California Bancorp

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.