JPMorgan Chase & Co. Grows Stock Holdings in Southern California Bancorp (NASDAQ:BCAL)

JPMorgan Chase & Co. boosted its stake in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) by 417.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,508 shares of the company's stock after acquiring an additional 21,384 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of Southern California Bancorp worth $392,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Southern California Bancorp by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 267,898 shares of the company's stock valued at $3,609,000 after purchasing an additional 6,266 shares during the period. SG Americas Securities LLC purchased a new stake in Southern California Bancorp during the third quarter worth $123,000. Empowered Funds LLC acquired a new position in shares of Southern California Bancorp during the third quarter worth $160,000. MetLife Investment Management LLC increased its position in shares of Southern California Bancorp by 348.8% during the third quarter. MetLife Investment Management LLC now owns 14,719 shares of the company's stock worth $218,000 after purchasing an additional 11,439 shares in the last quarter. Finally, Creekside Partners acquired a new position in shares of Southern California Bancorp during the third quarter worth $190,000. 55.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Southern California Bancorp Stock Up 0.2 %

Shares of BCAL stock traded up $0.03 during mid-day trading on Thursday, hitting $16.30. 165,940 shares of the stock were exchanged, compared to its average volume of 67,728. The firm has a fifty day moving average of $16.58 and a 200 day moving average of $15.47. Southern California Bancorp has a 52-week low of $12.30 and a 52-week high of $18.49. The company has a market cap of $524.37 million, a PE ratio of -203.75 and a beta of 1.12.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.08. Southern California Bancorp had a negative net margin of 4.51% and a positive return on equity of 5.71%. Equities analysts predict that Southern California Bancorp will post 0.92 EPS for the current year.

Southern California Bancorp Company Profile

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.