Southern California Bancorp (NASDAQ:BCAL - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $16.08, but opened at $16.80. Southern California Bancorp shares last traded at $16.18, with a volume of 3,548 shares trading hands.
Analysts Set New Price Targets
Separately, DA Davidson lowered 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.
Check Out Our Latest Research Report on BCAL
Southern California Bancorp Stock Performance
The company's fifty day moving average is $16.25 and its two-hundred day moving average is $15.57. The firm has a market cap of $530.08 million, a price-to-earnings ratio of 86.74 and a beta of 1.11.
Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last released its quarterly earnings data 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, analysts forecast that Southern California Bancorp will post 1.81 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of BCAL. SG Americas Securities LLC acquired a new stake in shares of Southern California Bancorp during the 3rd quarter worth about $123,000. Empowered Funds LLC bought a new position in Southern California Bancorp in the 3rd quarter worth approximately $160,000. Intech Investment Management LLC acquired a new position in Southern California Bancorp during the 4th quarter worth $176,000. Creekside Partners bought a new position in Southern California Bancorp in the 3rd quarter valued at $190,000. Finally, Jane Street Group LLC bought a new position in shares of Southern California Bancorp in the 3rd quarter valued at about $202,000. Institutional investors own 55.40% of the company's stock.
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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