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

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

Several other hedge funds also recently modified their holdings of BCAL. SG Americas Securities LLC raised its position in Southern California Bancorp by 22.0% in the fourth quarter. SG Americas Securities LLC now owns 10,163 shares of the company’s stock valued at $168,000 after purchasing an additional 1,833 shares during the last quarter. Intech Investment Management LLC bought a new position in Southern California Bancorp in the 4th quarter valued at approximately $176,000. Empowered Funds LLC acquired a new position in Southern California Bancorp in the 3rd quarter valued at approximately $160,000. Jane Street Group LLC acquired a new position in Southern California Bancorp during the 3rd quarter worth about $202,000. Finally, Aspiriant LLC bought a new stake in shares of Southern California Bancorp in the 4th quarter valued at about $230,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reduced their target price on Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, January 30th.

Southern California Bancorp Stock Down 0.3 %

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

Southern California Bancorp (NASDAQ:BCAL) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Southern California Bancorp had a return on equity of 8.97% and a net margin of 2.94%. Sell-side analysts anticipate that Southern California Bancorp will post 1.81 EPS for the current fiscal 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.