Southern California Bancorp (NASDAQ:BCAL) Shares Bought by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. lifted its position in Southern California Bancorp (NASDAQ:BCAL) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,454,490 shares of the company’s stock after acquiring an additional 13,003 shares during the period. Southern California Bancorp comprises approximately 12.9% of Endeavour Capital Advisors Inc.’s holdings, making the stock its largest position. Endeavour Capital Advisors Inc. owned approximately 7.63% of Southern California Bancorp worth $40,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in Southern California Bancorp by 193.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 785,115 shares of the company’s stock worth $11,612,000 after buying an additional 517,217 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Southern California Bancorp by 105.9% in the third quarter. Geode Capital Management LLC now owns 542,147 shares of the company’s stock worth $8,020,000 after buying an additional 278,874 shares during the last quarter. State Street Corp boosted its holdings in Southern California Bancorp by 113.7% during the third quarter. State Street Corp now owns 305,234 shares of the company’s stock valued at $4,514,000 after acquiring an additional 162,381 shares during the period. JPMorgan Chase & Co. grew its holdings in Southern California Bancorp by 170.7% in the 4th quarter. JPMorgan Chase & Co. now owns 71,755 shares of the company’s stock valued at $1,187,000 after buying an additional 45,247 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Southern California Bancorp during the fourth quarter worth $641,000. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

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 on the stock in a report on Thursday, January 30th.

Southern California Bancorp Price Performance

Southern California Bancorp stock opened at $14.12 on Wednesday. The firm has a market capitalization of $454.17 million, a P/E ratio of 74.32 and a beta of 1.13. Southern California Bancorp has a 52-week low of $12.30 and a 52-week high of $18.49. The stock has a fifty day moving average price of $15.53 and a two-hundred day moving average price of $15.74.

Southern California Bancorp (NASDAQ:BCAL) last announced its earnings results on Wednesday, January 29th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 research analysts predict that Southern California Bancorp will post 1.81 EPS for the current fiscal 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.