Southern California Bancorp (NASDAQ:BCAL) Director Sells $143,700.00 in Stock

Southern California Bancorp (NASDAQ:BCAL) Director Lester Machado sold 10,000 shares of Southern California Bancorp stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $14.37, for a total transaction of $143,700.00. Following the transaction, the director now owns 15,437 shares in the company, valued at approximately $221,829.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Southern California Bancorp Stock Performance

BCAL traded up $0.08 during midday trading on Wednesday, reaching $14.41. 56,467 shares of the company were exchanged, compared to its average volume of 61,210. The company has a market cap of $267.16 million, a price-to-earnings ratio of 11.91 and a beta of 0.75. Southern California Bancorp has a one year low of $12.30 and a one year high of $18.00. The company’s fifty day moving average price is $14.13 and its 200 day moving average price is $14.39.

Southern California Bancorp (NASDAQ:BCAL) last released its quarterly earnings results on Monday, August 12th. The company reported $0.03 earnings per share for the quarter. Southern California Bancorp had a net margin of 17.56% and a return on equity of 8.18%. The company had revenue of $22.18 million for the quarter. As a group, sell-side analysts anticipate that Southern California Bancorp will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their target price on Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hennessy Advisors Inc. purchased a new stake in shares of Southern California Bancorp during the first quarter worth $1,700,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Southern California Bancorp during the 1st quarter valued at $159,000. Bank of New York Mellon Corp purchased a new stake in Southern California Bancorp during the 2nd quarter worth about $461,000. Rhumbline Advisers purchased a new stake in Southern California Bancorp during the 2nd quarter worth about $166,000. Finally, ELCO Management Co. LLC boosted its stake in Southern California Bancorp by 25.2% in the 2nd quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock worth $360,000 after purchasing an additional 5,380 shares during the period. 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.