Raymond James Financial Inc. Invests $641,000 in Southern California Bancorp (NASDAQ:BCAL)

Raymond James Financial Inc. purchased a new stake in Southern California Bancorp (NASDAQ:BCAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,740 shares of the company's stock, valued at approximately $641,000. Raymond James Financial Inc. owned about 0.12% of Southern California Bancorp at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BCAL. SG Americas Securities LLC lifted its position in shares of Southern California Bancorp by 22.0% during the fourth quarter. SG Americas Securities LLC now owns 10,163 shares of the company's stock valued at $168,000 after purchasing an additional 1,833 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Southern California Bancorp by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 68,261 shares of the company's stock valued at $1,129,000 after buying an additional 2,249 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Southern California Bancorp by 348.8% during the 3rd quarter. MetLife Investment Management LLC now owns 14,719 shares of the company's stock worth $218,000 after buying an additional 11,439 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Southern California Bancorp during the 3rd quarter worth approximately $202,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Southern California Bancorp by 26.7% in the 4th quarter. Bank of New York Mellon Corp now owns 64,824 shares of the company's stock worth $1,072,000 after buying an additional 13,667 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Southern California Bancorp Trading Down 0.7 %

Shares of NASDAQ:BCAL traded down $0.08 during midday trading on Friday, reaching $12.16. The company had a trading volume of 91,928 shares, compared to its average volume of 80,610. The stock has a market cap of $394.01 million, a P/E ratio of 64.00 and a beta of 1.19. The company's 50 day moving average price is $14.93 and its 200 day moving average price is $15.59. Southern California Bancorp has a 52-week low of $11.87 and a 52-week high of $18.49.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. 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 EPS 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.