Southern California Bancorp (NASDAQ:BCAL) Shares Acquired by Fourthstone LLC

Fourthstone LLC lifted its position in Southern California Bancorp (NASDAQ:BCAL) by 52.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,696,523 shares of the company’s stock after acquiring an additional 925,904 shares during the period. Southern California Bancorp accounts for approximately 8.9% of Fourthstone LLC’s investment portfolio, making the stock its 3rd biggest holding. Fourthstone LLC owned about 14.54% of Southern California Bancorp worth $39,882,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Southern California Bancorp in the 3rd quarter valued at about $123,000. Empowered Funds LLC acquired a new position in Southern California Bancorp in the third quarter valued at approximately $160,000. Rhumbline Advisers acquired a new position in Southern California Bancorp in the second quarter valued at approximately $166,000. Creekside Partners purchased a new stake in Southern California Bancorp in the 3rd quarter worth approximately $190,000. Finally, MetLife Investment Management LLC grew its stake in shares of Southern California Bancorp by 348.8% during the 3rd quarter. MetLife Investment Management LLC now owns 14,719 shares of the company’s stock worth $218,000 after purchasing an additional 11,439 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd.

Southern California Bancorp Price Performance

NASDAQ BCAL traded down $0.04 during trading hours on Thursday, reaching $17.79. The company’s stock had a trading volume of 51,886 shares, compared to its average volume of 63,547. The firm has a market capitalization of $572.30 million, a price-to-earnings ratio of -222.38 and a beta of 0.74. The company’s 50-day moving average is $15.34 and its two-hundred day moving average is $14.58. Southern California Bancorp has a 1-year low of $12.30 and a 1-year high of $18.49.

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.