California BanCorp (NASDAQ:CALB) Short Interest Update

California BanCorp (NASDAQ:CALBGet Rating) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 1,200 shares, a drop of 40.0% from the April 15th total of 2,000 shares. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Several institutional investors have recently bought and sold shares of the business. Banc Funds Co. LLC increased its holdings in shares of California BanCorp by 0.7% in the 3rd quarter. Banc Funds Co. LLC now owns 773,259 shares of the company’s stock worth $13,555,000 after purchasing an additional 5,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of California BanCorp by 2.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 516,256 shares of the company’s stock worth $10,346,000 after purchasing an additional 10,747 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of California BanCorp by 21.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 505,509 shares of the company’s stock worth $8,862,000 after purchasing an additional 89,226 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of California BanCorp by 5.7% in the 4th quarter. Alliancebernstein L.P. now owns 463,811 shares of the company’s stock worth $9,847,000 after purchasing an additional 24,951 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of California BanCorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 326,107 shares of the company’s stock worth $7,503,000 after purchasing an additional 2,103 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

CALB stock traded down $0.61 on Friday, reaching $20.31. 5,817 shares of the company traded hands, compared to its average volume of 2,997. California BanCorp has a one year low of $16.98 and a one year high of $24.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $167.96 million, a P/E ratio of 11.88 and a beta of 1.12. The firm has a fifty day simple moving average of $22.19 and a 200-day simple moving average of $21.04.

California BanCorp (NASDAQ:CALBGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. California BanCorp had a return on equity of 9.67% and a net margin of 20.94%.

California BanCorp Company Profile (Get Rating)

California BanCorp operates as the bank holding company for California Bank of Commerce that provides commercial banking services in California. It accepts various deposit products, including commercial checking, savings, and money market accounts, as well as certificates of deposit. The company also offers asset-based lending loans; standby letters of credit; construction and development loans; real estate loans, such as commercial real estate loans and other loans; small business administration (SBA) loans, including SBA 7(a) and SBA 504 loans; consumer loans, such as secured and unsecured installment loans, and revolving lines of credit; and commercial and industrial loans, including term loans, working capital, accounts receivable and inventory financing, and other business loans to the dental and veterinary industries, contractors, and emerging companies.

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