Equities Analysts Issue Forecasts for BCAL Q4 Earnings

Southern California Bancorp (NASDAQ:BCAL) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share estimates for Southern California Bancorp in a report released on Wednesday, October 30th. DA Davidson analyst G. Tenner anticipates that the company will earn $0.45 per share for the quarter. The consensus estimate for Southern California Bancorp’s current full-year earnings is $1.03 per share. DA Davidson also issued estimates for Southern California Bancorp’s FY2025 earnings at $1.81 EPS.

Southern California Bancorp (NASDAQ:BCAL) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $22.18 million during the quarter. Southern California Bancorp had a net margin of 12.34% and a return on equity of 5.92%.

Separately, Keefe, Bruyette & Woods decreased their target price on Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd.

Southern California Bancorp Price Performance

BCAL stock opened at $14.51 on Thursday. The stock has a market capitalization of $269.12 million, a price-to-earnings ratio of -181.38 and a beta of 0.74. The company has a 50-day moving average of $14.48 and a two-hundred day moving average of $14.19. Southern California Bancorp has a 52-week low of $12.30 and a 52-week high of $18.00.

Insider Buying and Selling

In other Southern California Bancorp news, Director Lester Machado sold 10,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $14.37, for a total value of $143,700.00. Following the completion of the sale, the director now directly owns 15,437 shares of the company’s stock, valued at $221,829.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Southern California Bancorp

Several hedge funds have recently made changes to their positions in BCAL. SG Americas Securities LLC acquired a new position in Southern California Bancorp in the 3rd quarter valued at approximately $123,000. Rhumbline Advisers bought a new stake in shares of Southern California Bancorp in the 2nd quarter worth approximately $166,000. Pacific Ridge Capital Partners LLC bought a new stake in shares of Southern California Bancorp in the 2nd quarter worth approximately $359,000. ELCO Management Co. LLC lifted its position in shares of Southern California Bancorp by 25.2% in the 2nd quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock worth $360,000 after acquiring an additional 5,380 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Southern California Bancorp in the 2nd quarter worth approximately $461,000. Institutional investors own 55.40% of the company’s stock.

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.