Empowered Funds LLC Buys Shares of 10,810 Southern California Bancorp (NASDAQ:BCAL)

Empowered Funds LLC purchased a new stake in Southern California Bancorp (NASDAQ:BCAL) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 10,810 shares of the company’s stock, valued at approximately $160,000.

Other institutional investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. increased its holdings in shares of Southern California Bancorp by 8.8% in the second quarter. Hennessy Advisors Inc. now owns 124,000 shares of the company’s stock valued at $1,670,000 after purchasing an additional 10,000 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Southern California Bancorp in the second quarter valued at approximately $461,000. Rhumbline Advisers bought a new position in shares of Southern California Bancorp during the second quarter worth approximately $166,000. ELCO Management Co. LLC boosted its stake 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 valued at $360,000 after purchasing an additional 5,380 shares during the period. Finally, Endeavour Capital Advisors Inc. grew its holdings in Southern California Bancorp by 0.8% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company’s stock valued at $15,241,000 after buying an additional 8,521 shares in the last quarter. Institutional investors own 55.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Southern California Bancorp Stock Performance

NASDAQ:BCAL opened at $17.83 on Wednesday. The firm has a market cap of $573.59 million, a P/E ratio of -222.88 and a beta of 0.74. The firm’s fifty day moving average is $15.27 and its 200-day moving average is $14.56. Southern California Bancorp has a 52 week low of $12.30 and a 52 week 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.