Southern California Bancorp (NASDAQ:BCAL) is Fourthstone LLC’s 2nd Largest Position

Fourthstone LLC boosted its holdings in shares of Southern California Bancorp (NASDAQ:BCAL) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,010,135 shares of the company’s stock after buying an additional 313,612 shares during the quarter. Southern California Bancorp accounts for approximately 9.7% of Fourthstone LLC’s portfolio, making the stock its 2nd biggest holding. Fourthstone LLC owned 0.09% of Southern California Bancorp worth $49,788,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in shares of Southern California Bancorp by 22.0% during the 4th quarter. SG Americas Securities LLC now owns 10,163 shares of the company’s stock valued at $168,000 after acquiring an additional 1,833 shares during the period. Intech Investment Management LLC bought a new position in shares of Southern California Bancorp in the fourth quarter worth approximately $176,000. Jane Street Group LLC bought a new position in shares of Southern California Bancorp in the third quarter worth approximately $202,000. Aspiriant LLC purchased a new stake in shares of Southern California Bancorp in the fourth quarter worth $230,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Southern California Bancorp during the 4th quarter valued at $264,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their price target on Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, January 30th.

Southern California Bancorp Trading Down 0.5 %

NASDAQ BCAL opened at $12.56 on Thursday. Southern California Bancorp has a 12 month low of $11.87 and a 12 month high of $18.49. The stock has a market cap of $406.97 million, a PE ratio of 66.11 and a beta of 1.19. The stock’s 50 day moving average is $14.72 and its 200 day moving average is $15.53.

Southern California Bancorp (NASDAQ:BCAL) last released its 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%. On average, analysts forecast that Southern California Bancorp will post 1.81 EPS for the current fiscal year.

Southern California Bancorp 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.