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

Southern California Bancorp (NASDAQ:BCAL) had its target price lowered by DA Davidson from $22.00 to $20.00 in a report issued on Thursday morning,Benzinga reports. The brokerage 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 Trading Up 0.2 %

NASDAQ:BCAL opened at $16.30 on Thursday. The stock has a market capitalization of $524.37 million, a PE ratio of 85.79 and a beta of 1.12. Southern California Bancorp has a 1-year low of $12.30 and a 1-year high of $18.49. The firm has a fifty day simple moving average of $16.58 and a 200 day simple moving average of $15.47.

Southern California Bancorp (NASDAQ:BCAL) last posted its earnings results on Wednesday, January 29th. The company reported $0.53 EPS for the quarter, beating 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, equities analysts predict that Southern California Bancorp will post 1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Southern California Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Southern California Bancorp in the third quarter valued at approximately $123,000. Empowered Funds LLC acquired a new stake in shares of Southern California Bancorp during the third quarter valued at about $160,000. Creekside Partners bought a new stake in shares of Southern California Bancorp during the third quarter worth about $190,000. Jane Street Group LLC acquired a new position in shares of Southern California Bancorp in the third quarter valued at approximately $202,000. Finally, MetLife Investment Management LLC raised its holdings in Southern California Bancorp by 348.8% in the 3rd quarter. MetLife Investment Management LLC now owns 14,719 shares of the company’s stock valued at $218,000 after buying an additional 11,439 shares during the last quarter. 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.