Short Interest in Southern California Bancorp (NASDAQ:BCAL) Expands By 16.8%

Southern California Bancorp (NASDAQ:BCAL) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 543,700 shares, an increase of 16.8% from the May 31st total of 465,600 shares. Currently, 4.7% of the company’s shares are short sold. Based on an average trading volume of 42,900 shares, the days-to-cover ratio is currently 12.7 days.

Southern California Bancorp Price Performance

Shares of BCAL stock opened at $13.69 on Wednesday. The stock has a market cap of $253.81 million, a PE ratio of 11.31 and a beta of 0.83. The stock has a 50-day moving average of $13.72 and a 200-day moving average of $14.99. Southern California Bancorp has a one year low of $12.30 and a one year high of $18.00.

Southern California Bancorp (NASDAQ:BCAL) last posted its earnings results on Monday, April 29th. The company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Southern California Bancorp had a return on equity of 8.18% and a net margin of 17.56%. The business had revenue of $10.77 million during the quarter. As a group, research analysts anticipate that Southern California Bancorp will post 1.19 earnings per share for the current year.

Hedge Funds Weigh In On Southern California Bancorp

A number of large investors have recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new stake in Southern California Bancorp during the 1st quarter valued at $1,700,000. Mesirow Financial Investment Management Inc. bought a new position in Southern California Bancorp during the 1st quarter worth $159,000. Finally, Mendon Capital Advisors Corp bought a new position in shares of Southern California Bancorp in the fourth quarter worth $375,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.