Should I buy or sell California BanCorp stock right now?

3 Wall Street 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 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 brokerages have issued twelve-month price targets for California BanCorp's shares. Their CALB share price targets range from $23.50 to $25.00. On average, they expect the company's share price to reach $24.25 in the next twelve months. This suggests a possible upside of 13.1% 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 beginning of 2024. Since then, CALB stock has decreased by 13.4% and is now trading at $21.45. 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) posted its earnings results on Tuesday, January, 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm 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 many different institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (3.74%). 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 .

NASDAQ:CALB

California BanCorp (CALB) Stock Price, News & Analysis

→ New crypto project uncovers 2,050% in 65 days (From InvestorPlace) (Ad)

Free CALB Stock Alerts

$21.45

-0.12 (-0.56%)

(As of 04/18/2024 ET)

Compare

Today's Range: $21.45
▼
$21.75
50-Day Range: $21.45
▼
$24.15
52-Week Range: $12.78
▼
$27.82

Volume: 12,519 shs
Average Volume: 24,979 shs
Market Capitalization: $180.39 million

P/E Ratio: 8.38
Dividend Yield: N/A
Price Target: $24.25

Get California BanCorp alerts:

California BanCorp MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 13.1% Upside
$24.25 Price Target
Short Interest: Healthy
1.00% 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: -4.00%
From $2.25 to $2.16 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.

3.81 out of 5 stars

Finance Sector

377th out of 843 stocks

State Commercial Banks Industry

84th out of 175 stocks

2.5

Analyst's Opinion

Consensus Rating
California BanCorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
California BanCorp has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.00% of the float of California BanCorp has been sold short.
Short Interest Ratio / Days to Cover
California BanCorp has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in California BanCorp has recently decreased by 2.21%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
California BanCorp does not currently pay a dividend.
Dividend Growth
California BanCorp does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
California BanCorp has received a 29.71% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Development loans for corporations", "Cash withdrawal services", "Installment loans for corporations", "Wire transfer services", and "Mortgage loans for corporations" products. See details.
Environmental Sustainability
The Environmental Impact score for California BanCorp is -0.45.

1.1

News and Social Media Coverage

News Sentiment
California BanCorp has a news sentiment score of -1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Finance companies.
MarketBeat Follows
2 people have added California BanCorp to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, California BanCorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $63,280.00 in company stock.
Percentage Held by Insiders
10.75% of the stock of California BanCorp is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
59.52% of the stock of California BanCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for California BanCorp are expected to decrease by -4.00% in the coming year, from $2.25 to $2.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of California BanCorp is 8.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of California BanCorp is 8.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.31.
Price to Book Value per Share Ratio
California BanCorp has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad DTI

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

Click here for the full story

About California BanCorp Stock (NASDAQ:CALB)

California BanCorp operates as the bank holding company for California Bank of Commerce that provides commercial banking services to businesses and professionals 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; commercial 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 founded in 2007 and is headquartered in Oakland, California.

CALB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CALB Stock News Headlines

April 9, 2024 | uk.style.yahoo.com

Winter Storms Are Driving California's Unprecedented Snowpack Recovery

April 8, 2024 | finance.yahoo.com

California BanCorp (NASDAQ:CALB) shareholders have earned a 8.9% CAGR over the last three years

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 7, 2024 | msn.com

Embattled New York Community Bancorp announces $1B cash infusion

February 24, 2024 | msn.com

California BanCorp (CALB) Price Target Increased by 5.11% to 31.45

February 10, 2024 | businesswire.com

CALIFORNIA BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of California BanCorp - CALB

February 1, 2024 | uk.finance.yahoo.com

California Bancorp (CALB) Reports Modest Annual Income Growth Amid Economic Challenges

January 31, 2024 | stockhouse.com

Shareholder Alert: Ademi LLP investigates whether California BanCorp has obtained a Fair Price in its transaction with Southern California Bancorp

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

January 31, 2024 | msn.com

California BanCorp Shares Q4 and Annual Financials

January 30, 2024 | msn.com

California BanCorp GAAP EPS of $0.63 beats by $0.02, revenue of $19.9M beats by $0.07M

January 30, 2024 | marketwatch.com

California BanCorp Shares Hit 52-Week High on Southern California Bancorp Union

January 30, 2024 | benzinga.com

Financials Company Southern Calif Bancorp Announces Merger With California Bancorp

January 30, 2024 | tmcnet.com

BCAL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Southern California Bancorp Is Fair to Shareholders

January 30, 2024 | benzinga.com

California Bancorp Stock (NASDAQ:CALB), Guidance and Forecast

January 30, 2024 | tmcnet.com

CALB Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of California BanCorp Is Fair to Shareholders

January 30, 2024 | markets.businessinsider.com

Southern California Bancorp To Combine With California BanCorp In An All-stock Merger

January 30, 2024 | msn.com

Southern California Bancorp and California BanCorp announce merger

January 30, 2024 | finance.yahoo.com

California BanCorp Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023

January 9, 2024 | markets.businessinsider.com

River Valley Community Bancorp Announces Director Retirement

January 3, 2024 | usatoday.com

Best cheap car insurance in California (CA) January 2024

December 12, 2023 | usatoday.com

Southern California man filmed himself fatally shooting homeless person, prosecutors say

December 4, 2023 | msn.com

Banc of California (BANC) Closes Buyout of PacWest Bancorp

November 23, 2023 | finance.yahoo.com

Several Insiders Invested In California BanCorp Flagging Positive News

November 2, 2023 | finance.yahoo.com

California BanCorp's (NASDAQ:CALB) largest shareholders are individual investors with 36% ownership, institutions own 36%

October 26, 2023 | msn.com

California Bank of Commerce (CALB) Q3 Earnings and Revenues Beat Estimates

October 26, 2023 | finance.yahoo.com

California Bancorp (CALB) Reports Q3 2023 Earnings and Financial Results

See More Headlines

Receive CALB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for California BanCorp and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 1/30/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:CALB
CUSIP: N/A
CIK: 1752036
Web: www.californiabankofcommerce.com
Phone: (510) 457-3737
Fax: N/A
Employees: 169
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $24.25
High Stock Price Target: $25.00
Low Stock Price Target: $23.50
Potential Upside/Downside: +13.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.56
Trailing P/E Ratio: 8.38
Forward P/E Ratio: 9.53
P/E Growth: N/A
Net Income: $21.63 million
Net Margins: 18.96%
Pretax Margin: 26.84%
Return on Equity: 11.55%
Return on Assets: 1.08%

Debt

Debt-to-Equity Ratio: 0.66
Current Ratio: 1.09
Quick Ratio: 1.09

Sales & Book Value

Annual Sales: $114.08 million
Price / Sales: 1.58
Cash Flow: $2.67 per share
Price / Cash Flow: 8.03
Book Value: $23.40 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 8,410,000
Free Float: 7,509,000
Market Cap: $180.39 million
Optionable: Not Optionable
Beta: 0.92

The Next 7 Blockbuster Stocks for Growth Investors

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

Key Executives

Mr. Steven E. Shelton (Age 63)
CEO & Director
Comp: $849.42k
Mr. Thomas A. Sa CPA (Age 62)
President, CFO & COO
Comp: $638.78k
Mr. John Lehman
Senior Vice President of Operations & Compliance
Mr. John E. Lindstedt (Age 89)
Senior Executive Vice President
Comp: $262.58k
Ms. Amy C. Efland
Senior VP, Relationship Manager & Sales Manager of CBC Business Credit - South Bay
Mr. Lawrence F. LaCroix
Executive VP & Manager of Sponsor Finance
Ms. Marina Kremer
Senior Vice President of Sponsor Finance Lending Division
Ms. Tommiette Rey II
Assistant VP & Corporate Secretary
Mr. Franklin E. Haggas
VP & Relationship Manager
Mr. James Christiansen
Executive Vice President of CBC Business Credit Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CALB Stock Analysis - Frequently Asked Questions

Should I buy or sell California BanCorp stock right now?: 3 Wall Street 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 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 brokerages have issued twelve-month price targets for California BanCorp's shares. Their CALB share price targets range from $23.50 to $25.00. On average, they expect the company's share price to reach $24.25 in the next twelve months. This suggests a possible upside of 13.1% 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 beginning of 2024. Since then, CALB stock has decreased by 13.4% and is now trading at $21.45.
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) posted its earnings results on Tuesday, January, 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm 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 many different institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (3.74%). 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 4/19/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

California BanCorp (CALB) Stock Price, News & Analysis

California BanCorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

MarketBeat Follows

Company Ownership

Earnings and Valuation

About California BanCorp Stock (NASDAQ:CALB)

CALB Stock Price History

CALB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CALB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™