Southern California Bancorp (NASDAQ:BCAL) Short Interest Update

Southern California Bancorp (NASDAQ:BCAL) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 362,300 shares, a growth of 6.5% from the December 31st total of 340,300 shares. Based on an average daily trading volume, of 69,500 shares, the days-to-cover ratio is presently 5.2 days. Currently, 1.6% of the company’s stock are sold short.

Southern California Bancorp Stock Down 3.9 %

Shares of Southern California Bancorp stock traded down $0.65 during trading on Monday, reaching $15.95. The company’s stock had a trading volume of 58,459 shares, compared to its average volume of 68,960. Southern California Bancorp has a 1-year low of $12.30 and a 1-year high of $18.49. The company has a 50-day simple moving average of $16.53 and a two-hundred day simple moving average of $15.50. The company has a market cap of $513.11 million, a price-to-earnings ratio of 83.95 and a beta of 1.11.

Southern California Bancorp (NASDAQ:BCAL) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. As a group, analysts anticipate that Southern California Bancorp will post 1.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BCAL. SG Americas Securities LLC purchased a new stake in Southern California Bancorp in the third quarter valued at approximately $123,000. Empowered Funds LLC purchased a new stake in Southern California Bancorp in the third quarter valued at $160,000. Creekside Partners acquired a new stake in Southern California Bancorp during the 3rd quarter worth about $190,000. Jane Street Group LLC purchased a new position in shares of Southern California Bancorp during the 3rd quarter valued at about $202,000. Finally, Aspiriant LLC acquired a new position in shares of Southern California Bancorp in the 4th quarter valued at about $230,000. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

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.