Southern California Bancorp (NASDAQ:BCAL - Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 439,600 shares, a growth of 5.3% from the September 30th total of 417,600 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average trading volume of 72,200 shares, the short-interest ratio is presently 6.1 days.
Southern California Bancorp Stock Performance
Shares of NASDAQ BCAL traded up $0.07 during trading on Thursday, hitting $14.58. The company had a trading volume of 185,144 shares, compared to its average volume of 61,731. The stock has a 50 day simple moving average of $14.48 and a 200 day simple moving average of $14.19. The firm has a market capitalization of $270.42 million, a P/E ratio of -181.38 and a beta of 0.74. Southern California Bancorp has a 12 month low of $12.30 and a 12 month high of $18.00.
Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last released its earnings results on Monday, August 12th. The company reported $0.03 EPS for the quarter. The company had revenue of $22.18 million for the quarter. Southern California Bancorp had a net margin of 12.34% and a return on equity of 5.92%. As a group, analysts predict that Southern California Bancorp will post 1.03 EPS for the current year.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods reduced their price objective on Southern California Bancorp from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd.
Get Our Latest Stock Report on BCAL
Insider Activity at Southern California Bancorp
In other news, Director Lester Machado sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $14.37, for a total transaction of $143,700.00. Following the completion of the sale, the director now owns 15,437 shares of the company's stock, valued at $221,829.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.64% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of BCAL. Keystone Wealth Services LLC purchased a new stake in Southern California Bancorp in the 3rd quarter worth $617,000. SG Americas Securities LLC bought a new stake in Southern California Bancorp in the third quarter worth $123,000. Pacific Ridge Capital Partners LLC purchased a new position in shares of Southern California Bancorp during the 2nd quarter worth about $359,000. The Manufacturers Life Insurance Company boosted its position in shares of Southern California Bancorp by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 267,898 shares of the company's stock valued at $3,609,000 after buying an additional 6,266 shares during the period. Finally, Endeavour Capital Advisors Inc. grew its stake in shares of Southern California Bancorp by 0.8% during the second quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company's stock valued at $15,241,000 after buying an additional 8,521 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company's stock.
About Southern California Bancorp
(
Get 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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