JPMorgan Chase & Co. Acquires 45,247 Shares of Southern California Bancorp (NASDAQ:BCAL)

JPMorgan Chase & Co. lifted its stake in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) by 170.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,755 shares of the company's stock after purchasing an additional 45,247 shares during the period. JPMorgan Chase & Co. owned approximately 0.22% of Southern California Bancorp worth $1,187,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in 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 buying an additional 1,833 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Southern California Bancorp by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,261 shares of the company's stock worth $1,129,000 after acquiring an additional 2,249 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Southern California Bancorp by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 1,288,260 shares of the company's stock valued at $21,308,000 after acquiring an additional 3,897 shares during the period. Intech Investment Management LLC bought a new position in Southern California Bancorp in the fourth quarter valued at about $176,000. Finally, American Century Companies Inc. increased its position in Southern California Bancorp by 38.0% in the fourth quarter. American Century Companies Inc. now owns 39,082 shares of the company's stock worth $646,000 after purchasing an additional 10,756 shares during the period. 55.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson cut their target price on shares of Southern California Bancorp from $22.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th.

Southern California Bancorp Stock Performance

BCAL traded up $0.26 during trading on Tuesday, reaching $14.07. 66,521 shares of the company's stock were exchanged, compared to its average volume of 84,076. The company's fifty day moving average price is $14.21 and its 200-day moving average price is $15.50. The firm has a market capitalization of $455.90 million, a PE ratio of 74.06 and a beta of 1.19. Southern California Bancorp has a fifty-two week low of $11.87 and a fifty-two week high of $18.49.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. The business had revenue of $44.82 million for the quarter, compared to the consensus estimate of $44.86 million. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. Research analysts forecast that Southern California Bancorp will post 1.81 earnings per share for the current fiscal year.

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.