California BanCorp (NASDAQ:CALB) Cut to Sell at ValuEngine

ValuEngine lowered shares of California BanCorp (NASDAQ:CALB) from a hold rating to a sell rating in a report released on Friday morning, ValuEngine reports.

NASDAQ:CALB opened at $12.85 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.77. The stock has a market capitalization of $104.52 million, a price-to-earnings ratio of 22.54 and a beta of 1.18. California BanCorp has a 52 week low of $9.11 and a 52 week high of $21.00.

California BanCorp (NASDAQ:CALB) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.19 EPS for the quarter. California BanCorp had a net margin of 8.38% and a return on equity of 3.51%. The firm had revenue of $11.56 million during the quarter.

About California BanCorp

California BanCorp operates as the bank holding company for California Bank of Commerce that provides commercial banking services to small to middle-market businesses, professionals, and not-for-profit organizations in California. It accepts various deposit products, including commercial checking, savings, and money market accounts, as well as certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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