Southern California Bancorp (NASDAQ:BCAL) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC decreased its holdings in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) by 34.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 58,965 shares of the company's stock after selling 30,709 shares during the period. Bridgeway Capital Management LLC owned approximately 0.18% of Southern California Bancorp worth $975,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Citadel Advisors LLC purchased a new stake in shares of Southern California Bancorp during the fourth quarter worth about $986,000. Bank of America Corp DE boosted its position in Southern California Bancorp by 156.2% in the fourth quarter. Bank of America Corp DE now owns 55,089 shares of the company's stock valued at $911,000 after buying an additional 33,590 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Southern California Bancorp in the fourth quarter valued at approximately $102,000. Davidson Kahn Capital Management LLC purchased a new stake in Southern California Bancorp in the fourth quarter valued at approximately $172,000. Finally, PDT Partners LLC purchased a new stake in Southern California Bancorp in the fourth quarter valued at approximately $239,000. Hedge funds and other institutional investors own 55.40% of the company's stock.

Analyst Ratings Changes

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 research report on Thursday, January 30th.

Southern California Bancorp Stock Performance

NASDAQ BCAL traded down $0.22 during trading hours on Wednesday, reaching $15.03. The stock had a trading volume of 63,444 shares, compared to its average volume of 86,543. The stock has a fifty day moving average of $13.94 and a 200 day moving average of $15.51. The stock has a market cap of $487.00 million, a P/E ratio of 79.11 and a beta of 1.20. Southern California Bancorp has a 52-week low of $11.87 and a 52-week high of $18.49.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. Southern California Bancorp had a return on equity of 8.97% and a net margin of 2.94%. The firm had revenue of $44.82 million for the quarter, compared to analyst estimates of $44.86 million. On average, equities research analysts forecast that Southern California Bancorp will post 1.81 EPS for the current year.

Southern California Bancorp declared that its Board of Directors has initiated a share buyback plan on Thursday, May 1st that authorizes the company to repurchase 1,600,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

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.