Southern California Bancorp (NASDAQ:BCAL - Get Free Report) shares saw an uptick in trading volume on Friday . 222,216 shares were traded during trading, an increase of 240% from the previous session's volume of 65,343 shares.The stock last traded at $16.18 and had previously closed at $16.10.
Analysts Set New Price Targets
Separately, DA Davidson reduced their target price on shares of Southern California Bancorp from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, January 30th.
Read Our Latest Research Report on BCAL
Southern California Bancorp Trading Up 2.0 %
The company has a market capitalization of $524.37 million, a P/E ratio of 85.79 and a beta of 1.11. The business's 50-day simple moving average is $16.31 and its 200 day simple moving average is $15.56.
Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.53 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that Southern California Bancorp will post 1.81 EPS for the current fiscal year.
Institutional Trading of Southern California Bancorp
A number of hedge funds and other institutional investors have recently made changes to their positions in BCAL. Barclays PLC raised its holdings in shares of Southern California Bancorp by 177.3% in the 3rd quarter. Barclays PLC now owns 36,756 shares of the company's stock worth $544,000 after purchasing an additional 23,499 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Southern California Bancorp by 99.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 66,012 shares of the company's stock worth $976,000 after purchasing an additional 32,848 shares in the last quarter. Petiole USA ltd raised its holdings in shares of Southern California Bancorp by 130.1% in the 3rd quarter. Petiole USA ltd now owns 195,604 shares of the company's stock worth $2,893,000 after purchasing an additional 110,604 shares in the last quarter. MAI Capital Management bought a new stake in shares of Southern California Bancorp in the 3rd quarter worth approximately $801,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Southern California Bancorp by 417.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,508 shares of the company's stock worth $392,000 after purchasing an additional 21,384 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.
Southern California Bancorp Company Profile
(
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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