Southern California Bancorp (NASDAQ:BCAL) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Southern California Bancorp (NASDAQ:BCAL) by 26.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 64,824 shares of the company’s stock after purchasing an additional 13,667 shares during the quarter. Bank of New York Mellon Corp’s holdings in Southern California Bancorp were worth $1,072,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Banc Funds Co. LLC raised its position in shares of Southern California Bancorp by 288.1% during the 3rd quarter. Banc Funds Co. LLC now owns 1,412,186 shares of the company’s stock valued at $20,886,000 after acquiring an additional 1,048,281 shares in the last quarter. Fourthstone LLC raised its holdings in shares of Southern California Bancorp by 52.3% during the third quarter. Fourthstone LLC now owns 2,696,523 shares of the company’s stock worth $39,882,000 after purchasing an additional 925,904 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Southern California Bancorp by 193.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 785,115 shares of the company’s stock worth $11,612,000 after buying an additional 517,217 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Southern California Bancorp by 105.9% in the 3rd quarter. Geode Capital Management LLC now owns 542,147 shares of the company’s stock valued at $8,020,000 after buying an additional 278,874 shares during the period. Finally, State Street Corp grew its position in shares of Southern California Bancorp by 113.7% during the 3rd quarter. State Street Corp now owns 305,234 shares of the company’s stock valued at $4,514,000 after buying an additional 162,381 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson cut their target price on shares of 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 Price Performance

Shares of BCAL opened at $14.91 on Tuesday. Southern California Bancorp has a 12 month low of $12.30 and a 12 month high of $18.49. The stock has a fifty day moving average price of $15.61 and a 200 day moving average price of $15.74. The company has a market cap of $479.58 million, a P/E ratio of 78.48 and a beta of 1.13.

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