Southern California Bancorp (NASDAQ:BCAL) Short Interest Update

Southern California Bancorp (NASDAQ:BCAL) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 407,700 shares, a decrease of 7.3% from the October 15th total of 439,600 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 71,200 shares, the days-to-cover ratio is currently 5.7 days.

Southern California Bancorp Trading Down 0.3 %

Shares of NASDAQ:BCAL opened at $17.26 on Monday. Southern California Bancorp has a 1-year low of $12.30 and a 1-year high of $18.00. The business’s 50 day moving average is $14.84 and its 200-day moving average is $14.38. The firm has a market capitalization of $320.17 million, a PE ratio of -215.75 and a beta of 0.74.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Southern California Bancorp news, Director Lester Machado sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $14.37, for a total transaction of $143,700.00. Following the completion of the transaction, the director now owns 15,437 shares of the company’s stock, valued at $221,829.69. The trade was a 39.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 19.64% of the company’s stock.

Hedge Funds Weigh In On Southern California Bancorp

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Southern California Bancorp in the third quarter worth about $123,000. Empowered Funds LLC acquired a new position in shares of Southern California Bancorp in the 3rd quarter worth approximately $160,000. Rhumbline Advisers bought a new position in shares of Southern California Bancorp during the 2nd quarter worth approximately $166,000. Creekside Partners acquired a new stake in Southern California Bancorp in the 3rd quarter valued at $190,000. Finally, Jane Street Group LLC bought a new stake in Southern California Bancorp in the third quarter valued at $202,000. Institutional investors and hedge funds 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.