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NASDAQ:CALB

California BanCorp (CALB) Stock Price, News & Analysis

California BanCorp logo

About California BanCorp Stock (NASDAQ:CALB)

Key Stats

Today's Range
$25.09
$25.09
50-Day Range
$20.99
$25.09
52-Week Range
$18.05
$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

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.

California BanCorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
20th Percentile Overall Score

CALB MarketRank™: 

California BanCorp scored higher than 20% of companies evaluated by MarketBeat, and ranked 872nd out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about California BanCorp's stock forecast and price target.
  • 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 113.35.

  • 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 25.79.

  • 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

    There is no current short interest data available for CALB.
  • Dividend Yield

    California BanCorp does not currently pay a dividend.

  • Dividend Growth

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

  • Short Interest

    There is no current short interest data available for CALB.
    • 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.

    • Read more about California BanCorp's insider trading history.
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    CALB Stock News Headlines

    2024 California Elections
    Crypto’s hidden gem + greatest crypto bull run in history = $$$?
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    KBW Sticks to Its Buy Rating for Southern California Bancorp (BCAL)
    Banc of California (BANC) Gets a Hold from Barclays
    KBW Keeps Their Hold Rating on Sierra Bancorp (BSRR)
    See More Headlines

    CALB Stock Analysis - Frequently Asked Questions

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

    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
    12/22/2024
    Fiscal Year End
    12/31/2024

    Industry, Sector and Symbol

    Sector
    Finance
    Industry
    State commercial banks
    Sub-Industry
    Banking
    Current Symbol
    NASDAQ:CALB
    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

    Net Income
    $21.63 million
    Pretax Margin
    24.50%

    Debt

    Sales & Book Value

    Annual Sales
    $114.08 million
    Cash Flow
    $2.69 per share
    Book Value
    $23.40 per share

    Miscellaneous

    Free Float
    7,560,000
    Market Cap
    $212.51 million
    Optionable
    Not Optionable
    Beta
    0.95
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    This page (NASDAQ:CALB) was last updated on 12/22/2024 by MarketBeat.com Staff
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