Bank of New York Mellon Corp purchased a new position in Southern California Bancorp (NASDAQ:BCAL – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 34,205 shares of the company’s stock, valued at approximately $461,000. Bank of New York Mellon Corp owned approximately 0.18% of Southern California Bancorp as of its most recent filing with the Securities & Exchange Commission.
Separately, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Southern California Bancorp during the 1st quarter worth approximately $159,000. Institutional investors own 55.40% of the company’s stock.
Insiders Place Their Bets
In other news, Director Lester Machado sold 10,000 shares of Southern California Bancorp stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $14.37, for a total value of $143,700.00. Following the transaction, the director now directly owns 15,437 shares in the company, valued at $221,829.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.64% of the company’s stock.
Southern California Bancorp Stock Down 0.1 %
Southern California Bancorp (NASDAQ:BCAL – Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $22.18 million for the quarter. Southern California Bancorp had a return on equity of 5.92% and a net margin of 12.34%. As a group, analysts anticipate that Southern California Bancorp will post 1.05 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods decreased their price objective on Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, August 2nd.
Check Out Our Latest Stock Analysis on BCAL
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.
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