Keystone Wealth Services LLC purchased a new position in Southern California Bancorp (NASDAQ:BCAL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 41,737 shares of the company's stock, valued at approximately $617,000. Keystone Wealth Services LLC owned about 0.23% of Southern California Bancorp as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of BCAL. Hennessy Advisors Inc. bought a new position in shares of Southern California Bancorp in the 1st quarter worth about $1,700,000. Bank of New York Mellon Corp bought a new stake in Southern California Bancorp in the 2nd quarter valued at about $461,000. Pacific Ridge Capital Partners LLC bought a new stake in Southern California Bancorp in the 2nd quarter valued at about $359,000. Rhumbline Advisers bought a new stake in Southern California Bancorp in the 2nd quarter valued at about $166,000. Finally, Endeavour Capital Advisors Inc. lifted its position in Southern California Bancorp by 0.8% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company's stock valued at $15,241,000 after purchasing an additional 8,521 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.
Separately, Keefe, Bruyette & Woods cut their price objective on shares of Southern California Bancorp from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd.
Read Our Latest Stock Analysis on Southern California Bancorp
NASDAQ:BCAL traded up $0.24 during mid-day trading on Tuesday, hitting $14.24. The stock had a trading volume of 39,853 shares, compared to its average volume of 61,385. The stock has a market capitalization of $264.01 million, a price-to-earnings ratio of 11.57 and a beta of 0.74. The company has a 50 day simple moving average of $14.49 and a 200-day simple moving average of $14.21. Southern California Bancorp has a 52 week low of $12.30 and a 52 week high of $18.00.
Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last released its earnings results on Monday, August 12th. The company reported $0.03 EPS for the quarter. The firm had revenue of $22.18 million for the quarter. Southern California Bancorp had a net margin of 12.34% and a return on equity of 5.92%. As a group, equities research analysts anticipate that Southern California Bancorp will post 1.03 earnings per share for the current year.
In other Southern California Bancorp news, Director Lester Machado sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $14.37, for a total transaction of $143,700.00. Following the transaction, the director now owns 15,437 shares of the company's stock, valued at approximately $221,829.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.64% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding BCAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern California Bancorp (NASDAQ:BCAL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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 "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.