Allspring Global Investments Holdings LLC Buys Shares of 15,953 Southern California Bancorp (NASDAQ:BCAL)

Allspring Global Investments Holdings LLC purchased a new position in shares of Southern California Bancorp (NASDAQ:BCAL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,953 shares of the company’s stock, valued at approximately $264,000.

Several other hedge funds also recently made changes to their positions in BCAL. Empowered Funds LLC bought a new stake in shares of Southern California Bancorp in the third quarter worth $160,000. SG Americas Securities LLC increased its stake in Southern California Bancorp by 22.0% in the 4th quarter. SG Americas Securities LLC now owns 10,163 shares of the company’s stock valued at $168,000 after buying an additional 1,833 shares during the last quarter. Creekside Partners bought a new stake in Southern California Bancorp during the 3rd quarter worth about $190,000. Jane Street Group LLC acquired a new position in shares of Southern California Bancorp during the 3rd quarter worth about $202,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Southern California Bancorp by 348.8% in the 3rd quarter. MetLife Investment Management LLC now owns 14,719 shares of the company’s stock valued at $218,000 after acquiring an additional 11,439 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their target price on Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, January 30th.

Southern California Bancorp Price Performance

Southern California Bancorp stock opened at $15.96 on Wednesday. The company’s 50-day moving average is $16.00 and its 200-day moving average is $15.63. The firm has a market capitalization of $513.43 million, a PE ratio of 84.00 and a beta of 1.11. Southern California Bancorp has a fifty-two week low of $12.30 and a fifty-two week high of $18.49.

Southern California Bancorp (NASDAQ:BCAL) last announced its quarterly earnings results on Wednesday, January 29th. 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 return on equity of 8.97% and a net margin of 2.94%. As a group, analysts expect that Southern California Bancorp will post 1.81 EPS for the current year.

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.