Southern California Bancorp (NASDAQ:BCAL) Shares Gap Up – Here’s Why

Southern California Bancorp (NASDAQ:BCAL)’s share 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 traded.

Analysts Set New Price Targets

Separately, DA Davidson cut their price objective on shares of Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, January 30th.

Southern California Bancorp Stock Performance

The firm has a market cap of $524.37 million, a P/E ratio of 85.79 and a beta of 1.11. The stock has a fifty day simple moving average of $16.31 and a 200 day simple moving average of $15.56.

Southern California Bancorp (NASDAQ:BCAL) last issued its earnings results on Wednesday, January 29th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Southern California Bancorp had a return on equity of 8.97% and a net margin of 2.94%. Research analysts predict that Southern California Bancorp will post 1.81 earnings per share for the current year.

Institutional Investors Weigh In On Southern California Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Southern California Bancorp during the 3rd quarter valued at about $123,000. Empowered Funds LLC purchased a new position in shares of Southern California Bancorp in the third quarter valued at about $160,000. Intech Investment Management LLC bought a new stake in shares of Southern California Bancorp during the fourth quarter valued at approximately $176,000. Creekside Partners purchased a new stake in shares of Southern California Bancorp in the third quarter worth about $190,000. Finally, Jane Street Group LLC bought a new stake in Southern California Bancorp in the 3rd quarter worth approximately $202,000. Institutional investors own 55.40% of the company’s stock.

About Southern California Bancorp

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.