Rhumbline Advisers Sells 1,324 Shares of California BanCorp $BCAL

Rhumbline Advisers lessened its stake in shares of California BanCorp (NASDAQ:BCAL) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,836 shares of the company’s stock after selling 1,324 shares during the quarter. Rhumbline Advisers owned about 0.09% of California BanCorp worth $399,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BCAL. BNP Paribas Financial Markets bought a new stake in shares of California BanCorp during the 4th quarter worth about $102,000. Bank of America Corp DE boosted its stake in shares of California BanCorp by 156.2% during the 4th quarter. Bank of America Corp DE now owns 55,089 shares of the company’s stock worth $911,000 after acquiring an additional 33,590 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of California BanCorp during the 4th quarter worth about $986,000. Deutsche Bank AG boosted its stake in shares of California BanCorp by 48.9% during the 4th quarter. Deutsche Bank AG now owns 13,802 shares of the company’s stock worth $228,000 after acquiring an additional 4,530 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of California BanCorp by 1,581.0% during the 1st quarter. GAMMA Investing LLC now owns 3,883 shares of the company’s stock worth $56,000 after acquiring an additional 3,652 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

BCAL has been the subject of several recent analyst reports. Stephens upgraded California BanCorp from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Monday, August 4th. Wall Street Zen downgraded California BanCorp from a “buy” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of $19.50.

California BanCorp Stock Down 0.4%

Shares of NASDAQ:BCAL opened at $17.16 on Thursday. The business has a 50 day moving average price of $16.42 and a 200 day moving average price of $15.21. California BanCorp has a twelve month low of $11.87 and a twelve month high of $18.49. The company has a market cap of $558.04 million, a price-to-earnings ratio of 19.72 and a beta of 1.21.

California BanCorp Profile

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.