Southern California Bancorp (NASDAQ:BCAL) Given New $20.00 Price Target at DA Davidson

Southern California Bancorp (NASDAQ:BCAL) had its price target trimmed by DA Davidson from $22.00 to $20.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock. DA Davidson also issued estimates for Southern California Bancorp’s Q1 2025 earnings at $0.38 EPS.

Southern California Bancorp Stock Performance

NASDAQ BCAL opened at $16.30 on Thursday. Southern California Bancorp has a 52 week low of $12.30 and a 52 week high of $18.49. The stock has a market capitalization of $524.37 million, a P/E ratio of 85.79 and a beta of 1.12. The stock has a fifty day moving average of $16.58 and a 200-day moving average of $15.47.

Southern California Bancorp (NASDAQ:BCAL) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.08. Southern California Bancorp had a return on equity of 8.97% and a net margin of 2.94%. Equities research analysts forecast that Southern California Bancorp will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southern California Bancorp

A number of institutional investors have recently made changes to their positions in BCAL. The Manufacturers Life Insurance Company grew its position in shares of Southern California Bancorp by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 267,898 shares of the company’s stock worth $3,609,000 after buying an additional 6,266 shares during the period. SG Americas Securities LLC acquired a new stake in Southern California Bancorp in the third quarter worth $123,000. Keystone Wealth Services LLC bought a new position in shares of Southern California Bancorp during the third quarter worth $617,000. Baker Avenue Asset Management LP acquired a new position in shares of Southern California Bancorp in the 3rd quarter valued at $1,052,000. Finally, Curi RMB Capital LLC increased its position in shares of Southern California Bancorp by 500.9% in the 3rd quarter. Curi RMB Capital LLC now owns 393,456 shares of the company’s stock valued at $5,819,000 after buying an additional 327,981 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

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.