SG Americas Securities LLC Acquires New Holdings in Southern California Bancorp (NASDAQ:BCAL)

SG Americas Securities LLC acquired a new stake in Southern California Bancorp (NASDAQ:BCAL) during the third quarter, Holdings Channel.com reports. The firm acquired 8,330 shares of the company’s stock, valued at approximately $123,000.

A number of other institutional investors have also made changes to their positions in the stock. Rhumbline Advisers bought a new position in Southern California Bancorp in the 2nd quarter worth approximately $166,000. Pacific Ridge Capital Partners LLC bought a new position in Southern California Bancorp in the 2nd quarter worth approximately $359,000. ELCO Management Co. LLC increased its position in Southern California Bancorp by 25.2% in the 2nd quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock worth $360,000 after buying an additional 5,380 shares during the period. Bank of New York Mellon Corp bought a new position in Southern California Bancorp in the 2nd quarter worth approximately $461,000. Finally, Hennessy Advisors Inc. increased its position in Southern California Bancorp by 8.8% in the 2nd quarter. Hennessy Advisors Inc. now owns 124,000 shares of the company’s stock worth $1,670,000 after buying an additional 10,000 shares during the period. 55.40% of the stock is owned by institutional investors.

Insider Transactions at Southern California Bancorp

In other news, Director Lester Machado sold 10,000 shares of Southern California Bancorp stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $14.37, for a total transaction of $143,700.00. Following the sale, the director now owns 15,437 shares of the company’s stock, valued at approximately $221,829.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.64% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods dropped their price target on Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd.

Southern California Bancorp Stock Down 2.3 %

Shares of NASDAQ BCAL opened at $14.05 on Friday. Southern California Bancorp has a 12 month low of $12.30 and a 12 month high of $18.00. The company has a market cap of $260.49 million, a P/E ratio of 11.61 and a beta of 0.74. The business’s 50 day moving average is $14.48 and its two-hundred day moving average is $14.19.

Southern California Bancorp (NASDAQ:BCAL) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.03 earnings per share for the quarter. Southern California Bancorp had a return on equity of 5.92% and a net margin of 12.34%. The company had revenue of $22.18 million for the quarter. Sell-side analysts expect that Southern California Bancorp will post 1.03 earnings per share for the current fiscal year.

About Southern California Bancorp

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.