Equities Analysts Offer Predictions for BCAL FY2025 Earnings

California BanCorp (NASDAQ:BCAL) – DA Davidson upped their FY2025 EPS estimates for California BanCorp in a research note issued on Wednesday, October 29th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $1.86 for the year, up from their previous estimate of $1.74. 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 $1.78 EPS.

California BanCorp (NASDAQ:BCAL) last released its earnings results on Tuesday, October 28th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.09. California BanCorp had a return on equity of 12.04% and a net margin of 26.26%.The business had revenue of $57.19 million for the quarter, compared to the consensus estimate of $44.02 million.

BCAL has been the topic of a number of other reports. Wall Street Zen cut California BanCorp from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Stephens upgraded shares of California BanCorp from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Monday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of California BanCorp in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of California BanCorp from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $20.33.

California BanCorp Stock Up 1.5%

California BanCorp stock opened at $18.49 on Friday. The business has a 50 day moving average price of $17.01 and a two-hundred day moving average price of $15.78. California BanCorp has a 12 month low of $11.87 and a 12 month high of $18.93. The stock has a market cap of $601.29 million, a price-to-earnings ratio of 9.53 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of California BanCorp by 6.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,998 shares of the company’s stock valued at $244,000 after purchasing an additional 1,045 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in California BanCorp by 16.3% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 54,349 shares of the company’s stock valued at $779,000 after purchasing an additional 7,631 shares during the last quarter. Deutsche Bank AG boosted its position in California BanCorp by 20.6% in the first quarter. Deutsche Bank AG now owns 16,642 shares of the company’s stock valued at $238,000 after buying an additional 2,840 shares in the last quarter. Nuveen LLC acquired a new position in California BanCorp in the first quarter valued at about $436,000. Finally, American Century Companies Inc. grew its stake in California BanCorp by 6.8% during the first quarter. American Century Companies Inc. now owns 41,747 shares of the company’s stock worth $598,000 after buying an additional 2,665 shares during the last quarter. 55.40% of the stock is owned by 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.