California BanCorp (NASDAQ:CALB – Get Free Report)‘s stock had its “overweight” rating reaffirmed by research analysts at Truist Financial in a research note issued to investors on Monday, Benzinga reports. They presently have a $26.00 target price on the stock, down from their prior target price of $27.00. Truist Financial’s target price points to a potential upside of 18.99% from the stock’s previous close.
Several other equities analysts also recently commented on CALB. Keefe, Bruyette & Woods decreased their price target on shares of California BanCorp from $26.50 to $23.50 and set an “outperform” rating on the stock in a research note on Friday, April 5th. DA Davidson decreased their target price on shares of California BanCorp from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $26.25.
Get Our Latest Research Report on California BanCorp
California BanCorp Stock Performance
Institutional Investors Weigh In On California BanCorp
Large investors have recently bought and sold shares of the company. Perigon Wealth Management LLC bought a new stake in shares of California BanCorp during the 4th quarter worth approximately $210,000. Barclays PLC raised its position in California BanCorp by 9.4% during the third quarter. Barclays PLC now owns 10,472 shares of the company’s stock valued at $210,000 after purchasing an additional 897 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in California BanCorp by 13.8% during the third quarter. Kennedy Capital Management LLC now owns 120,689 shares of the company’s stock worth $2,426,000 after purchasing an additional 14,610 shares during the last quarter. Mendon Capital Advisors Corp acquired a new stake in shares of California BanCorp in the 4th quarter valued at $583,000. Finally, Wasatch Advisors LP increased its stake in shares of California BanCorp by 2.3% in the 4th quarter. Wasatch Advisors LP now owns 315,160 shares of the company’s stock valued at $7,803,000 after purchasing an additional 7,192 shares during the last quarter. 59.52% of the stock is currently owned by institutional investors and hedge funds.
About California BanCorp
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.
Read More
- Five stocks we like better than California BanCorp
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Garmin Navigates to New Highs Driven By Wearables Trend
- Do ETFs Pay Dividends? What You Need to Know
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- How Investors Can Find the Best Cheap Dividend Stocks
- AbbVie Tracking for New Highs in 2024
Receive News & Ratings for California BanCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California BanCorp and related companies with MarketBeat.com's FREE daily email newsletter.