Bedell Frazier Investment Counselling LLC Invests $1.38 Million in Southern California Bancorp (NASDAQ:BCAL)

Bedell Frazier Investment Counselling LLC bought a new stake in Southern California Bancorp (NASDAQ:BCAL) in the third quarter, HoldingsChannel reports. The fund bought 93,399 shares of the company’s stock, valued at approximately $1,381,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCAL. SG Americas Securities LLC acquired a new position in shares of Southern California Bancorp during the 3rd quarter worth about $123,000. Empowered Funds LLC bought a new stake in Southern California Bancorp during the third quarter worth about $160,000. Rhumbline Advisers bought a new stake in Southern California Bancorp during the second quarter worth about $166,000. Creekside Partners bought a new position in Southern California Bancorp in the third quarter valued at approximately $190,000. Finally, Pacific Ridge Capital Partners LLC bought a new position in Southern California Bancorp in the second quarter valued at approximately $359,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their price objective on Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, August 2nd.

Southern California Bancorp Price Performance

Shares of BCAL opened at $17.76 on Monday. The firm has a 50-day moving average of $15.14 and a 200-day moving average of $14.50. The company has a market cap of $571.34 million, a PE ratio of -222.00 and a beta of 0.74. Southern California Bancorp has a one year low of $12.30 and a one year high of $18.00.

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.