Southern California Bancorp (NASDAQ:BCAL) Posts Earnings Results, Beats Estimates By $0.08 EPS

Southern California Bancorp (NASDAQ:BCAL) released its quarterly earnings data on Wednesday. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08, Zacks reports. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%.

Southern California Bancorp Price Performance

Shares of NASDAQ:BCAL opened at $16.30 on Friday. The business’s fifty day moving average price is $16.58 and its two-hundred day moving average price is $15.47. Southern California Bancorp has a fifty-two week low of $12.30 and a fifty-two week high of $18.49. The stock has a market capitalization of $524.37 million, a price-to-earnings ratio of 85.79 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price target on shares of Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday.

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.