Southern California Bancorp (NASDAQ:BCAL) Position Trimmed by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in Southern California Bancorp (NASDAQ:BCAL) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 539,994 shares of the company’s stock after selling 2,153 shares during the period. Geode Capital Management LLC owned approximately 1.68% of Southern California Bancorp worth $8,934,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its position in shares of Southern California Bancorp by 113.7% during the third quarter. State Street Corp now owns 305,234 shares of the company’s stock worth $4,514,000 after purchasing an additional 162,381 shares during the period. Jane Street Group LLC acquired a new stake in Southern California Bancorp during the 3rd quarter worth about $202,000. Barclays PLC lifted its stake in Southern California Bancorp by 177.3% during the third quarter. Barclays PLC now owns 36,756 shares of the company’s stock valued at $544,000 after buying an additional 23,499 shares in the last quarter. Destination Wealth Management acquired a new position in shares of Southern California Bancorp in the third quarter worth about $541,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Southern California Bancorp by 417.3% in the third quarter. JPMorgan Chase & Co. now owns 26,508 shares of the company’s stock worth $392,000 after buying an additional 21,384 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reduced their price target on shares of Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, January 30th.

Southern California Bancorp Trading Up 0.5 %

Shares of BCAL stock opened at $13.06 on Thursday. The stock’s fifty day simple moving average is $14.37 and its 200-day simple moving average is $15.48. The company has a market capitalization of $423.17 million, a price-to-earnings ratio of 68.74 and a beta of 1.19. Southern California Bancorp has a 1-year low of $11.87 and a 1-year high of $18.49.

Southern California Bancorp (NASDAQ:BCAL) last issued its earnings results on Wednesday, January 29th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Southern California Bancorp had a return on equity of 8.97% and a net margin of 2.94%. On average, sell-side analysts predict that Southern California Bancorp will post 1.81 EPS for the current year.

About Southern California Bancorp

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.