Raymond James Financial Inc. Invests $641,000 in Southern California Bancorp (NASDAQ:BCAL)

Raymond James Financial Inc. bought a new position in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,740 shares of the company's stock, valued at approximately $641,000. Raymond James Financial Inc. owned 0.12% of Southern California Bancorp as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC increased its holdings in Southern California Bancorp by 131.1% in the fourth quarter. Cerity Partners LLC now owns 85,377 shares of the company's stock valued at $1,412,000 after buying an additional 48,427 shares in the last quarter. Endeavour Capital Advisors Inc. boosted its holdings in shares of Southern California Bancorp by 0.5% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 2,454,490 shares of the company's stock worth $40,597,000 after purchasing an additional 13,003 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of Southern California Bancorp by 20.8% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 46,718 shares of the company's stock valued at $773,000 after purchasing an additional 8,047 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Southern California Bancorp by 170.7% during the fourth quarter. JPMorgan Chase & Co. now owns 71,755 shares of the company's stock worth $1,187,000 after buying an additional 45,247 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Southern California Bancorp by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,288,260 shares of the company's stock valued at $21,308,000 after acquiring an additional 3,897 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson decreased their price target on Southern California Bancorp from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th.

Southern California Bancorp Trading Up 0.8%

NASDAQ:BCAL traded up $0.12 during mid-day trading on Tuesday, hitting $15.46. The stock had a trading volume of 6,159 shares, compared to its average volume of 86,070. The company has a market capitalization of $500.93 million, a PE ratio of 81.37 and a beta of 1.20. The stock has a 50-day simple moving average of $13.95 and a two-hundred day simple moving average of $15.51. Southern California Bancorp has a twelve month low of $11.87 and a twelve month high of $18.49.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.14. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. The company had revenue of $44.82 million for the quarter, compared to analysts' expectations of $44.86 million. Sell-side analysts predict that Southern California Bancorp will post 1.81 EPS for the current fiscal year.

Southern California Bancorp declared that its board has approved a share repurchase plan on Thursday, May 1st that allows the company to repurchase 1,600,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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.