Mendon Capital Advisors Corp Purchases 28,458 Shares of Southern California Bancorp (NASDAQ:BCAL)

Mendon Capital Advisors Corp raised its holdings in Southern California Bancorp (NASDAQ:BCAL - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 443,695 shares of the company's stock after acquiring an additional 28,458 shares during the period. Southern California Bancorp accounts for about 3.6% of Mendon Capital Advisors Corp's holdings, making the stock its 8th biggest position. Mendon Capital Advisors Corp owned 1.38% of Southern California Bancorp worth $7,339,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in Southern California Bancorp by 265.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,848 shares of the company's stock worth $47,000 after buying an additional 2,068 shares during the period. SG Americas Securities LLC increased its stake in shares of Southern California Bancorp by 22.0% during the 4th quarter. SG Americas Securities LLC now owns 10,163 shares of the company's stock valued at $168,000 after acquiring an additional 1,833 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Southern California Bancorp during the 4th quarter worth about $176,000. Jane Street Group LLC acquired a new stake in shares of Southern California Bancorp in the third quarter worth approximately $202,000. Finally, Aspiriant LLC purchased a new stake in Southern California Bancorp in the fourth quarter valued at approximately $230,000. Hedge funds and other institutional investors own 55.40% of the company's stock.

Southern California Bancorp Price Performance

BCAL stock traded up $0.21 during trading on Friday, reaching $13.69. 141,066 shares of the stock traded hands, compared to its average volume of 83,932. The firm has a market capitalization of $443.58 million, a PE ratio of 72.06 and a beta of 1.19. Southern California Bancorp has a 52-week low of $11.87 and a 52-week high of $18.49. The business's 50 day moving average price is $14.26 and its 200-day moving average price is $15.47.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. The business had revenue of $44.82 million during the quarter, compared to analyst estimates of $44.86 million. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. On average, equities research analysts predict that Southern California Bancorp will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their price target on shares of Southern California Bancorp from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th.

Southern California Bancorp Company Profile

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.