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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?

California BanCorp (CALB) Stock Price, News & Analysis

$22.00
-0.20 (-0.90%)
(As of 03/28/2024 ET)
Today's Range
$21.85
$22.69
50-Day Range
$21.80
$25.79
52-Week Range
$12.78
$27.82
Volume
30,154 shs
Average Volume
24,889 shs
Market Capitalization
$185.02 million
P/E Ratio
8.59
Dividend Yield
N/A
Price Target
$25.00

California BanCorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.6% Upside
$25.00 Price Target
Short Interest
Healthy
1.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$63,280 Sold Last Quarter
Proj. Earnings Growth
-4.78%
From $2.30 to $2.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Finance Sector

252nd out of 852 stocks

State Commercial Banks Industry

56th out of 175 stocks

CALB stock logo

About California BanCorp Stock (NASDAQ:CALB)

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 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. In addition, it provides foreign exchange, treasury and cash management, and online and mobile banking services. California BanCorp was incorporated in 2007 and is headquartered in Oakland, California.

CALB Stock Price History

CALB Stock News Headlines

[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
River Valley Community Bancorp Announces Director Retirement
See More Headlines
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Company Calendar

Last Earnings
1/30/2024
Today
3/28/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:CALB
Fax
N/A
Employees
157
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.00
High Stock Price Target
$25.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+13.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$21.63 million
Pretax Margin
26.84%

Debt

Sales & Book Value

Annual Sales
$114.08 million
Cash Flow
$2.69 per share
Book Value
$23.40 per share

Miscellaneous

Free Float
7,509,000
Market Cap
$185.02 million
Optionable
Not Optionable
Beta
0.93
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Key Executives

  • Mr. Steven E. Shelton (Age 63)
    CEO & Director
    Comp: $771.07k
  • Mr. Thomas A. Sa CPA (Age 62)
    President, CFO & COO
    Comp: $625.1k
  • Mr. Scott Alexander Myers (Age 53)
    Senior EVP & Chief Lending Officer of California Bank of Commerce
    Comp: $501.29k
  • Mr. John Lehman
    Senior Vice President of Operations & Compliance
  • Mr. John E. Lindstedt (Age 89)
    Senior Executive Vice President
    Comp: $262.58k
  • Ms. Vivian Z. Mui (Age 44)
    Senior EVP & Chief Credit Officer of California Bank of Commerce
  • Mr. Thomas M. Dorrance (Age 62)
    Senior EVP & CTO of California Bank of Commerce
  • Ms. Amy C. Efland
    Senior VP, Relationship Manager & Sales Manager of CBC Business Credit - South Bay
  • Ms. Michele M. Wirfel (Age 56)
    Senior EVP & Chief Banking Officer at California Bank of Commerce
    Comp: $382.01k
  • Mr. Lawrence F. LaCroix
    Executive VP & Manager of Sponsor Finance

CALB Stock Analysis - Frequently Asked Questions

Should I buy or sell California BanCorp stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California BanCorp in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CALB shares.
View CALB analyst ratings
or view top-rated stocks.

What is California BanCorp's stock price target for 2024?

3 equities research analysts have issued 1 year target prices for California BanCorp's stock. Their CALB share price targets range from $25.00 to $25.00. On average, they predict the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
View analysts price targets for CALB
or view top-rated stocks among Wall Street analysts.

How have CALB shares performed in 2024?

California BanCorp's stock was trading at $24.76 at the start of the year. Since then, CALB shares have decreased by 11.1% and is now trading at $22.00.
View the best growth stocks for 2024 here
.

When is California BanCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our CALB earnings forecast
.

How were California BanCorp's earnings last quarter?

California BanCorp (NASDAQ:CALB) issued its quarterly earnings results on Tuesday, January, 30th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The business earned $29.74 million during the quarter, compared to the consensus estimate of $20.10 million. California BanCorp had a trailing twelve-month return on equity of 11.55% and a net margin of 18.96%.

Who are California BanCorp's major shareholders?

California BanCorp's stock is owned by a number of retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (6.87%), The Manufacturers Life Insurance Company (5.42%), Vanguard Group Inc. (4.04%), Vanguard Group Inc. (4.04%), Wasatch Advisors LP (3.75%) and Bridgeway Capital Management LLC (0.66%). Insiders that own company stock include Scott Alexander Myers and Wayne S Doiguchi.
View institutional ownership trends
.

How do I buy shares of California BanCorp?

Shares of CALB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CALB) was last updated on 3/29/2024 by MarketBeat.com Staff

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