DA Davidson Cuts Southern California Bancorp (NASDAQ:BCAL) Price Target to $20.00

Southern California Bancorp (NASDAQ:BCAL) had its price target cut by DA Davidson from $22.00 to $20.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have 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 Trading Up 1.8 %

BCAL stock opened at $16.60 on Thursday. The business’s fifty day moving average price is $16.53 and its 200 day moving average price is $15.50. Southern California Bancorp has a 12-month low of $12.30 and a 12-month high of $18.49. The company has a market capitalization of $534.02 million, a PE ratio of 87.37 and a beta of 1.12.

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

Institutional Trading of Southern California Bancorp

Large investors have recently modified their holdings of the stock. Barclays PLC grew its stake in Southern California Bancorp by 177.3% during the 3rd quarter. Barclays PLC now owns 36,756 shares of the company’s stock worth $544,000 after purchasing an additional 23,499 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Southern California Bancorp by 99.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 66,012 shares of the company’s stock valued at $976,000 after buying an additional 32,848 shares during the period. Petiole USA ltd grew its position in shares of Southern California Bancorp by 130.1% during the third quarter. Petiole USA ltd now owns 195,604 shares of the company’s stock worth $2,893,000 after buying an additional 110,604 shares in the last quarter. MAI Capital Management purchased a new stake in shares of Southern California Bancorp during the third quarter worth approximately $801,000. Finally, JPMorgan Chase & Co. raised its holdings in Southern California Bancorp by 417.3% in the third quarter. JPMorgan Chase & Co. now owns 26,508 shares of the company’s stock valued at $392,000 after acquiring an additional 21,384 shares in the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

About Southern 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.