Southern California Bancorp (NASDAQ:BCAL) Shares Up 0.1%

Shares of Southern California Bancorp (NASDAQ:BCAL) shot up 0.1% during mid-day trading on Friday . The stock traded as high as $14.59 and last traded at $14.52. 16,427 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 36,747 shares. The stock had previously closed at $14.51.

Wall Street Analysts Forecast Growth

Separately, Stephens began coverage on Southern California Bancorp in a report on Friday, December 8th. They issued an “equal weight” rating for the company.

Southern California Bancorp Trading Up 0.1 %

The firm has a market cap of $267.60 million and a price-to-earnings ratio of 10.45. The company has a fifty day moving average price of $15.24 and a 200-day moving average price of $15.33.

Hedge Funds Weigh In On Southern California Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. purchased a new position in shares of Southern California Bancorp in the 2nd quarter valued at about $24,732,000. Vanguard Group Inc. increased its stake in shares of Southern California Bancorp by 310.4% in the 4th quarter. Vanguard Group Inc. now owns 723,692 shares of the company’s stock valued at $12,556,000 after purchasing an additional 547,360 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Southern California Bancorp in the 2nd quarter valued at about $3,631,000. Boothbay Fund Management LLC purchased a new stake in Southern California Bancorp during the 2nd quarter worth approximately $2,058,000. Finally, Eclectic Associates Inc. ADV purchased a new stake in Southern California Bancorp during the 3rd quarter worth approximately $1,015,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

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.