Southern California Bancorp (NASDAQ:BCAL) Trading 6.5% Higher After Strong Earnings

Posted by Adam Masters on Jan 29th, 2025

Southern California Bancorp (NASDAQ:BCAL – Get Free Report)’s share price rose 6.5% during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $16.23 and last traded at $16.43. Approximately 52,708 shares traded hands during trading, a decline of 5% from the average daily volume of 55,690 shares. The stock had previously closed at $15.43.

The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Southern California Bancorp had a negative net margin of 4.51% and a positive return on equity of 5.71%.

Institutional Investors Weigh In On Southern California Bancorp

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Southern California Bancorp during the 3rd quarter valued at about $123,000. Empowered Funds LLC purchased a new position in shares of Southern California Bancorp during the third quarter valued at approximately $160,000. Creekside Partners bought a new position in Southern California Bancorp during the third quarter valued at approximately $190,000. Jane Street Group LLC purchased a new stake in Southern California Bancorp in the third quarter worth approximately $202,000. Finally, Aspiriant LLC bought a new stake in Southern California Bancorp in the 4th quarter worth approximately $230,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Southern California Bancorp Trading Up 6.7 %

The business’s 50 day simple moving average is $16.60 and its two-hundred day simple moving average is $15.46. The firm has a market capitalization of $529.78 million, a PE ratio of -205.13 and a beta of 1.12.

Southern California Bancorp Company Profile

(Get Free Report)

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.