Bedell Frazier Investment Counselling LLC Acquires New Position in Southern California Bancorp (NASDAQ:BCAL)

Bedell Frazier Investment Counselling LLC acquired a new stake in Southern California Bancorp (NASDAQ:BCAL) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 93,399 shares of the company’s stock, valued at approximately $1,381,000. Bedell Frazier Investment Counselling LLC owned 0.50% of Southern California Bancorp at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Southern California Bancorp in the third quarter worth $123,000. Empowered Funds LLC acquired a new stake in Southern California Bancorp in the third quarter worth $160,000. Rhumbline Advisers acquired a new stake in Southern California Bancorp in the second quarter worth $166,000. Creekside Partners acquired a new stake in Southern California Bancorp in the third quarter worth $190,000. Finally, Pacific Ridge Capital Partners LLC acquired a new stake in Southern California Bancorp in the second quarter worth $359,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut their target price on shares of Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd.

Southern California Bancorp Trading Up 0.9 %

BCAL stock opened at $17.76 on Monday. The stock has a 50-day moving average price of $15.14 and a two-hundred day moving average price of $14.50. Southern California Bancorp has a 1 year low of $12.30 and a 1 year high of $18.00. The stock has a market cap of $571.34 million, a PE ratio of -222.00 and a beta of 0.74.

Southern California Bancorp Company 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.