Equities Analysts Issue Forecasts for BCAL Q4 Earnings

Southern California Bancorp (NASDAQ:BCAL) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Southern California Bancorp in a research note issued on Wednesday, October 30th. DA Davidson analyst G. Tenner forecasts that the company will post earnings of $0.45 per share for the quarter. The consensus estimate for Southern California Bancorp’s current full-year earnings is $1.03 per share. DA Davidson also issued estimates for Southern California Bancorp’s FY2025 earnings at $1.81 EPS.

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

Southern California Bancorp Trading Up 0.9 %

NASDAQ BCAL opened at $14.51 on Thursday. The stock’s 50-day moving average price is $14.48 and its two-hundred day moving average price is $14.19. The company has a market cap of $269.12 million, a PE ratio of -181.38 and a beta of 0.74. Southern California Bancorp has a 1 year low of $12.30 and a 1 year high of $18.00.

Southern California Bancorp (NASDAQ:BCAL) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $22.18 million for the quarter. Southern California Bancorp had a return on equity of 5.92% and a net margin of 12.34%.

Insider Activity

In other news, Director Lester Machado sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $14.37, for a total value of $143,700.00. Following the transaction, the director now owns 15,437 shares in the company, valued at $221,829.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Southern California Bancorp

A number of large investors have recently made changes to their positions in BCAL. Keystone Wealth Services LLC acquired a new position in Southern California Bancorp in the third quarter worth approximately $617,000. Bank of New York Mellon Corp bought a new stake in Southern California Bancorp in the second quarter worth approximately $461,000. Pacific Ridge Capital Partners LLC acquired a new position in shares of Southern California Bancorp during the 2nd quarter worth $359,000. Rhumbline Advisers bought a new position in shares of Southern California Bancorp during the 2nd quarter valued at $166,000. Finally, Hennessy Advisors Inc. lifted its stake in shares of Southern California Bancorp by 8.8% in the 2nd quarter. Hennessy Advisors Inc. now owns 124,000 shares of the company’s stock valued at $1,670,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds 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.