California BanCorp (CALB) Stock Price, News & Analysis

Company Overview

California BanCorp operates as the bank holding company for California Bank of Commerce that provides commercial banking services to businesses and professionals in California. It accepts various deposit products, including commercial checking, savings, and money market accounts, as well as certificates of deposit. The company also offers asset-based lending loans; commercial letters of credit; construction and development loans; real estate loans, such as commercial real estate loans and other loans; small business administration (SBA) loans, including SBA 7(a) and SBA 504 loans; consumer loans, such as secured and unsecured installment loans, and revolving lines of credit; and commercial and industrial loans, including term loans, working capital, accounts receivable and inventory financing, and other business loans to the dental and veterinary industries, contractors, and emerging companies. In addition, it provides foreign exchange, treasury and cash management, and online and mobile banking services. California BanCorp was founded in 2007 and is headquartered in Oakland, California.

Key Stats

• Today's Range: $25.09 to $25.09
• 50-Day Range: $20.99 to $25.09
• 52-Week Range: $18.05 to $27.82
• Volume: N/A
• Average Volume: 34,647 shs
• Market Capitalization: $212.51 million
• P/E Ratio: 10.59
• Dividend Yield: N/A
• Price Target: $26.67
• Consensus Rating: Buy

California BanCorp Stock Analysis - MarketRank™

California BanCorp scored higher than 22% of companies evaluated by MarketBeat, and ranked 868th out of 920 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

California BanCorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

California BanCorp has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -6.98%

Earnings Growth

Earnings for California BanCorp are expected to decrease by -6.98% in the coming year, from $2.15 to $2.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of California BanCorp is 10.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of California BanCorp is 10.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 40.10.

Price to Book Value per Share Ratio

California BanCorp has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CALB.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

California BanCorp does not currently pay a dividend.

Dividend Growth

California BanCorp does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -0.45

Short Interest

There is no current short interest data available for CALB.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, California BanCorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.75% of the stock of California BanCorp is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

59.52% of the stock of California BanCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CALB Stock Analysis - Frequently Asked Questions

How were California BanCorp's earnings last quarter?

California BanCorp (NASDAQ:CALB) posted its earnings results on Tuesday, January, 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The business earned $29.74 million during the quarter, compared to analyst estimates of $20.10 million. California BanCorp had a trailing twelve-month return on equity of 4.97% and a net margin of 7.47%.

What other stocks do shareholders of California BanCorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that California BanCorp investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), ServiceNow (NOW), Advanced Micro Devices (AMD), CrowdStrike (CRWD) and Adobe (ADBE).

Company Calendar

• Last Earnings: 1/30/2024
• Today: 11/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:CALB
• CUSIP: N/A
• CIK: 1752036
• Web: www.californiabankofcommerce.com
• Phone: (510) 457-3737
• Fax: N/A
• Employees: 150
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $26.67
• High Stock Price Target: $31.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: +6.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.37
• Trailing P/E Ratio: 10.59
• Forward P/E Ratio: 11.67
• P/E Growth: N/A
• Net Income: $21.63 million
• Net Margins: 7.47%
• Pretax Margin: 24.50%
• Return on Equity: 4.97%
• Return on Assets: 0.49%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 1.06
• Quick Ratio: 1.06

Sales & Book Value

• Annual Sales: $114.08 million
• Price / Sales: 1.86
• Cash Flow: $2.69 per share
• Price / Cash Flow: 9.33
• Book Value: $23.40 per share
• Price / Book: 1.07

Miscellaneous

• Outstanding Shares: 8,470,000
• Free Float: 7,560,000
• Market Cap: $212.51 million
• Optionable: Not Optionable
• Beta: 0.95