Alliancebernstein L.P. Lowers Position in Southern California Bancorp (NASDAQ:BCAL)

Alliancebernstein L.P. decreased its holdings in shares of Southern California Bancorp (NASDAQ:BCAL) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,543,472 shares of the company’s stock after selling 169,107 shares during the quarter. Alliancebernstein L.P. owned 7.91% of Southern California Bancorp worth $42,069,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BCAL. Vanguard Group Inc. grew its stake in Southern California Bancorp by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 1,288,260 shares of the company’s stock worth $21,308,000 after buying an additional 3,897 shares in the last quarter. Geode Capital Management LLC grew its position in 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 acquiring an additional 278,874 shares in the last quarter. State Street Corp increased its stake in Southern California Bancorp by 113.7% in 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 last quarter. JPMorgan Chase & Co. raised its position in Southern California Bancorp by 170.7% during the fourth quarter. JPMorgan Chase & Co. now owns 71,755 shares of the company’s stock valued at $1,187,000 after purchasing an additional 45,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Southern California Bancorp by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,261 shares of the company’s stock worth $1,129,000 after purchasing an additional 2,249 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

Southern California Bancorp Stock Performance

Shares of BCAL opened at $12.45 on Friday. Southern California Bancorp has a fifty-two week low of $12.23 and a fifty-two week high of $18.49. The firm has a 50 day moving average price of $15.43 and a 200-day moving average price of $15.70. The firm has a market cap of $403.40 million, a price-to-earnings ratio of 65.53 and a beta of 1.19.

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

Analyst Ratings Changes

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

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.