DA Davidson Forecasts Lower Earnings for California BanCorp

California BanCorp (NASDAQ:BCAL) – DA Davidson lowered their FY2025 earnings per share (EPS) estimates for California BanCorp in a research report issued on Monday, September 29th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $1.74 per share for the year, down from their previous forecast of $1.75. The consensus estimate for California BanCorp’s current full-year earnings is $1.81 per share. DA Davidson also issued estimates for California BanCorp’s FY2026 earnings at $1.64 EPS.

Several other equities research analysts have also issued reports on BCAL. Stephens raised 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 lowered California BanCorp from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus target price of $19.50.

California BanCorp Stock Down 0.2%

Shares of BCAL stock opened at $16.68 on Tuesday. The business has a 50-day moving average price of $16.45 and a two-hundred day moving average price of $15.26. California BanCorp has a 12-month low of $11.87 and a 12-month high of $18.49. The firm has a market cap of $542.43 million, a P/E ratio of 19.17 and a beta of 1.21.

Institutional Trading of California BanCorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of California BanCorp by 26,512.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,129 shares of the company’s stock valued at $34,000 after purchasing an additional 2,121 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of California BanCorp by 1,581.0% during the first quarter. GAMMA Investing LLC now owns 3,883 shares of the company’s stock valued at $56,000 after purchasing an additional 3,652 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of California BanCorp by 12.9% during the second quarter. Parallel Advisors LLC now owns 10,097 shares of the company’s stock valued at $159,000 after purchasing an additional 1,157 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of California BanCorp by 6.2% during the first quarter. Empowered Funds LLC now owns 11,969 shares of the company’s stock valued at $172,000 after purchasing an additional 704 shares during the last quarter. Finally, Woodward Diversified Capital LLC purchased a new position in shares of California BanCorp during the second quarter valued at approximately $213,000. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

About 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.