California BanCorp (NASDAQ:BCAL - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.
Separately, Stephens raised shares of California BanCorp from a "hold" rating to a "strong-buy" rating and set a $19.00 target price for the company in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Strong Buy" and an average target price of $19.50.
Check Out Our Latest Report on California BanCorp
California BanCorp Stock Up 0.8%
Shares of NASDAQ:BCAL traded up $0.14 during midday trading on Friday, reaching $17.29. The company's stock had a trading volume of 52,785 shares, compared to its average volume of 113,395. The firm has a market capitalization of $562.27 million, a P/E ratio of 19.87 and a beta of 1.21. The firm has a 50 day moving average of $16.25 and a 200-day moving average of $15.12. California BanCorp has a 12-month low of $11.87 and a 12-month high of $18.49.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of BCAL. FJ Capital Management LLC grew its holdings in California BanCorp by 300.6% in the 1st quarter. FJ Capital Management LLC now owns 1,057,925 shares of the company's stock valued at $15,160,000 after buying an additional 793,828 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in California BanCorp during the 1st quarter worth about $2,837,000. Kennedy Capital Management LLC lifted its stake in California BanCorp by 107.5% during the 2nd quarter. Kennedy Capital Management LLC now owns 205,394 shares of the company's stock worth $3,237,000 after acquiring an additional 106,405 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of California BanCorp by 305.9% in the 2nd quarter. Marshall Wace LLP now owns 88,808 shares of the company's stock valued at $1,400,000 after buying an additional 66,931 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of California BanCorp by 240.3% in the 2nd quarter. Jane Street Group LLC now owns 84,747 shares of the company's stock valued at $1,336,000 after buying an additional 59,843 shares during the period. 55.40% of the stock is owned by institutional investors and hedge funds.
About California BanCorp
(
Get Free Report)
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.
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