Southern California Bancorp (NASDAQ:BCAL - Free Report) had its target price decreased by DA Davidson from $22.00 to $20.00 in a research report report published on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the stock. DA Davidson also issued estimates for Southern California Bancorp's Q1 2025 earnings at $0.38 EPS.
Southern California Bancorp Trading Down 3.9 %
Shares of BCAL stock traded down $0.65 on Thursday, reaching $15.95. The company's stock had a trading volume of 58,459 shares, compared to its average volume of 67,952. The stock's fifty day simple moving average is $16.53 and its 200-day simple moving average is $15.50. Southern California Bancorp has a 1 year low of $12.30 and a 1 year high of $18.49. The company has a market capitalization of $513.11 million, a price-to-earnings ratio of 83.95 and a beta of 1.11.
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 for the quarter, beating analysts' consensus estimates of $0.45 by $0.08. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. Equities research analysts forecast that Southern California Bancorp will post 1.81 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of BCAL. SG Americas Securities LLC bought a new stake in shares of Southern California Bancorp during the third quarter worth $123,000. Empowered Funds LLC bought a new stake in shares of Southern California Bancorp during the third quarter worth $160,000. Creekside Partners bought a new stake in shares of Southern California Bancorp during the third quarter worth $190,000. Jane Street Group LLC bought a new stake in shares of Southern California Bancorp during the third quarter worth $202,000. Finally, MetLife Investment Management LLC lifted 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 during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.
Southern California Bancorp Company Profile
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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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