California BanCorp (BCAL) To Go Ex-Dividend on September 21st

California BanCorp (NASDAQ:BCAL) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Monday, September 21st will be paid a dividend of 0.12 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, September 21st. This is a 20.0% increase from California BanCorp’s previous quarterly dividend of $0.10.

California BanCorp Trading Up 1.5%

NASDAQ BCAL opened at $21.52 on Wednesday. The stock has a market cap of $692.30 million, a PE ratio of 11.70 and a beta of 0.93. California BanCorp has a 12 month low of $14.56 and a 12 month high of $22.00. The company’s 50-day moving average price is $20.14 and its 200-day moving average price is $19.00.

California BanCorp (NASDAQ:BCAL) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $44.91 million during the quarter, compared to analyst estimates of $45.07 million. California BanCorp had a net margin of 26.01% and a return on equity of 10.51%. As a group, sell-side analysts forecast that California BanCorp will post 1.7 earnings per share for the current year.

California BanCorp Company Profile

California BanCorp (NASDAQ:BCAL) is a bank holding company headquartered in California. Founded to address the diverse financial needs of businesses and individuals across the state, the company focuses on community-oriented banking solutions and operates under a locally based decision-making model.

Through its wholly owned banking subsidiary, California BanCorp offers a suite of deposit products including checking, savings, money market and certificate of deposit accounts. Its lending portfolio encompasses commercial and industrial loans, real estate and construction financing, as well as consumer lending products such as personal loans and home equity lines of credit.

In addition to core deposit and lending services, the company provides treasury and cash management services, online and mobile banking platforms, and merchant payment solutions designed to streamline operations for small to mid-sized enterprises.