Raymond James Financial Inc. Purchases New Position in Southern California Bancorp (NASDAQ:BCAL)

Raymond James Financial Inc. purchased a new position in shares of Southern California Bancorp (NASDAQ:BCAL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 38,740 shares of the company’s stock, valued at approximately $641,000.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Southern California Bancorp by 99.0% during 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 in the last quarter. Cerity Partners LLC acquired a new position in Southern California Bancorp during the third quarter worth $546,000. MetLife Investment Management LLC lifted its holdings in Southern California Bancorp by 348.8% during the third quarter. MetLife Investment Management LLC now owns 14,719 shares of the company’s stock valued at $218,000 after purchasing an additional 11,439 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Southern California Bancorp in the third quarter valued at about $235,000. Finally, State Street Corp increased its stake in shares of Southern California Bancorp by 113.7% during the third quarter. State Street Corp now owns 305,234 shares of the company’s stock worth $4,514,000 after purchasing an additional 162,381 shares in the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

Southern California Bancorp Stock Performance

NASDAQ BCAL opened at $12.45 on Monday. The business has a fifty day moving average price of $15.43 and a 200 day moving average price of $15.71. The company has a market cap of $403.40 million, a P/E ratio of 65.53 and a beta of 1.19. Southern California Bancorp has a one year low of $12.23 and a one year high of $18.49.

Southern California Bancorp (NASDAQ:BCAL) last issued its earnings results on Wednesday, January 29th. The company reported $0.53 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Southern California Bancorp will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, DA Davidson lowered their price objective on Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, January 30th.

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.