The Manufacturers Life Insurance Company lifted its stake in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) by 193.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 785,115 shares of the company's stock after acquiring an additional 517,217 shares during the quarter. The Manufacturers Life Insurance Company owned about 4.23% of Southern California Bancorp worth $11,612,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCAL. SG Americas Securities LLC purchased a new stake in shares of Southern California Bancorp during the third quarter valued at $123,000. Empowered Funds LLC purchased a new stake in Southern California Bancorp during the third quarter valued at about $160,000. Rhumbline Advisers purchased a new position in shares of Southern California Bancorp in the second quarter worth approximately $166,000. Creekside Partners acquired a new stake in shares of Southern California Bancorp during the third quarter valued at approximately $190,000. Finally, Pacific Ridge Capital Partners LLC purchased a new stake in shares of Southern California Bancorp in the 2nd quarter valued at approximately $359,000. Institutional investors own 55.40% of the company's stock.
Southern California Bancorp Trading Down 0.2 %
Southern California Bancorp stock traded down $0.03 during midday trading on Tuesday, reaching $17.86. The stock had a trading volume of 10,819 shares, compared to its average volume of 63,148. The firm's fifty day simple moving average is $15.52 and its two-hundred day simple moving average is $14.67. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.49.
Southern California Bancorp Profile
(
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.
Read More
Before you consider Southern California Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southern California Bancorp wasn't on the list.
While Southern California Bancorp currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
