Corebridge Financial Inc. Has $200,000 Stock Holdings in Southern California Bancorp (NASDAQ:BCAL)

Corebridge Financial Inc. decreased its stake in Southern California Bancorp (NASDAQ:BCAL) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 12,093 shares of the company’s stock after selling 914 shares during the period. Corebridge Financial Inc.’s holdings in Southern California Bancorp were worth $200,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BCAL. Vanguard Group Inc. increased its position in shares of Southern California Bancorp by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,288,260 shares of the company’s stock worth $21,308,000 after acquiring an additional 3,897 shares in the last quarter. Geode Capital Management LLC grew its position in Southern California Bancorp by 105.9% during the 3rd quarter. Geode Capital Management LLC now owns 542,147 shares of the company’s stock worth $8,020,000 after purchasing an additional 278,874 shares in the last quarter. State Street Corp raised its stake in Southern California Bancorp by 113.7% during the 3rd quarter. State Street Corp now owns 305,234 shares of the company’s stock valued at $4,514,000 after purchasing an additional 162,381 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Southern California Bancorp by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,261 shares of the company’s stock valued at $1,129,000 after purchasing an additional 2,249 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Southern California Bancorp by 26.7% in the fourth quarter. Bank of New York Mellon Corp now owns 64,824 shares of the company’s stock worth $1,072,000 after buying an additional 13,667 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Southern California Bancorp Stock Down 0.7 %

BCAL stock opened at $12.16 on Friday. The company has a 50 day moving average of $14.93 and a two-hundred day moving average of $15.59. The company has a market cap of $394.01 million, a price-to-earnings ratio of 64.00 and a beta of 1.19. Southern California Bancorp has a 12-month low of $11.87 and a 12-month high of $18.49.

Southern California Bancorp (NASDAQ:BCAL) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.53 earnings per share (EPS) 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%. On average, research analysts anticipate that Southern California Bancorp will post 1.81 EPS for the current year.

Southern California Bancorp 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.