Southern California Bancorp (NASDAQ:BCAL) Hits New 1-Year High – What’s Next?

Southern California Bancorp (NASDAQ:BCAL)’s share price reached a new 52-week high on Monday . The company traded as high as $18.10 and last traded at $18.07, with a volume of 13080 shares traded. The stock had previously closed at $17.76.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their target price 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 Trading Down 0.7 %

The firm has a market cap of $573.59 million, a PE ratio of -222.88 and a beta of 0.74. The firm has a 50 day moving average price of $15.27 and a 200-day moving average price of $14.56.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Banc Funds Co. LLC increased its position in shares of Southern California Bancorp by 288.1% in the 3rd quarter. Banc Funds Co. LLC now owns 1,412,186 shares of the company’s stock valued at $20,886,000 after purchasing an additional 1,048,281 shares during the last quarter. Fourthstone LLC increased its holdings in Southern California Bancorp by 52.3% in the third quarter. Fourthstone LLC now owns 2,696,523 shares of the company’s stock valued at $39,882,000 after buying an additional 925,904 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Southern California Bancorp by 193.1% in the third quarter. The Manufacturers Life Insurance Company now owns 785,115 shares of the company’s stock valued at $11,612,000 after buying an additional 517,217 shares in the last quarter. Curi RMB Capital LLC lifted its holdings in Southern California Bancorp by 500.9% during the 3rd quarter. Curi RMB Capital LLC now owns 393,456 shares of the company’s stock worth $5,819,000 after buying an additional 327,981 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Southern California Bancorp by 105.9% during the 3rd quarter. Geode Capital Management LLC now owns 542,147 shares of the company’s stock worth $8,020,000 after acquiring an additional 278,874 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

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.