Pacific Ridge Capital Partners LLC Acquires 8,047 Shares of Southern California Bancorp (NASDAQ:BCAL)

Pacific Ridge Capital Partners LLC increased its holdings in shares of Southern California Bancorp (NASDAQ:BCAL) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,718 shares of the company’s stock after acquiring an additional 8,047 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.15% of Southern California Bancorp worth $773,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC increased its holdings in shares of Southern California Bancorp by 22.0% during the fourth quarter. SG Americas Securities LLC now owns 10,163 shares of the company’s stock worth $168,000 after purchasing an additional 1,833 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 buying an additional 2,249 shares in the last quarter. Vanguard Group Inc. increased its stake in Southern California Bancorp by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,288,260 shares of the company’s stock worth $21,308,000 after acquiring an additional 3,897 shares during the period. Intech Investment Management LLC acquired a new position in Southern California Bancorp in the 4th quarter valued at $176,000. Finally, American Century Companies Inc. lifted its position in shares of Southern California Bancorp by 38.0% during the 4th quarter. American Century Companies Inc. now owns 39,082 shares of the company’s stock valued at $646,000 after acquiring an additional 10,756 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson decreased their price target 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 Trading Down 0.3 %

Shares of Southern California Bancorp stock opened at $14.78 on Thursday. The company has a market cap of $475.40 million, a PE ratio of 77.79 and a beta of 1.13. The company has a 50 day moving average of $15.59 and a 200-day moving average of $15.73. Southern California Bancorp has a 1-year low of $12.30 and a 1-year high of $18.49.

Southern California Bancorp (NASDAQ:BCAL) last released its earnings results on Wednesday, January 29th. The company reported $0.53 earnings per share for the quarter, topping 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%. Research analysts forecast that Southern California Bancorp will post 1.81 earnings per share for the current year.

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.