Cerity Partners LLC Has $1.41 Million Holdings in Southern California Bancorp (NASDAQ:BCAL)

Cerity Partners LLC grew its holdings in Southern California Bancorp (NASDAQ:BCAL) by 131.1% during the fourth quarter, Holdings Channel reports. The firm owned 85,377 shares of the company’s stock after acquiring an additional 48,427 shares during the quarter. Cerity Partners LLC’s holdings in Southern California Bancorp were worth $1,412,000 at the end of the most recent quarter.

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

Southern California Bancorp Price Performance

NASDAQ BCAL opened at $12.64 on Friday. Southern California Bancorp has a 1 year low of $11.87 and a 1 year high of $18.49. The company has a fifty day moving average price of $14.65 and a 200-day moving average price of $15.52. The firm has a market cap of $409.56 million, a price-to-earnings ratio of 66.53 and a beta of 1.19.

Southern California Bancorp (NASDAQ:BCAL) last released its earnings results on Wednesday, January 29th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate that Southern California Bancorp will post 1.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.