DA Davidson Lifts Earnings Estimates for California BanCorp

California BanCorp (NASDAQ:BCAL - Free Report) - Analysts at DA Davidson increased their Q2 2025 EPS estimates for shares of California BanCorp in a research note issued on Friday, June 27th. DA Davidson analyst G. Tenner now expects that the company will earn $0.43 per share for the quarter, up from their prior estimate of $0.42. The consensus estimate for California BanCorp's current full-year earnings is $1.81 per share. DA Davidson also issued estimates for California BanCorp's FY2025 earnings at $1.78 EPS.

California BanCorp Stock Performance

NASDAQ BCAL traded up $0.22 during trading on Monday, reaching $16.52. 101,493 shares of the company traded hands, compared to its average volume of 88,513. California BanCorp has a 1-year low of $11.87 and a 1-year high of $18.49. The company has a market cap of $535.25 million, a price-to-earnings ratio of 36.70 and a beta of 1.21. The stock's 50 day moving average price is $14.82 and its two-hundred day moving average price is $15.04.

California BanCorp (NASDAQ:BCAL - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. California BanCorp had a net margin of 8.21% and a return on equity of 9.54%. The business had revenue of $44.82 million for the quarter, compared to analysts' expectations of $44.86 million.

Institutional Trading of California BanCorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCAL. Fourthstone LLC boosted its position in shares of California BanCorp by 11.6% during the fourth quarter. Fourthstone LLC now owns 3,010,135 shares of the company's stock valued at $49,788,000 after buying an additional 313,612 shares during the last quarter. Endeavour Capital Advisors Inc. increased its stake in shares of 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. Vanguard Group Inc. raised its holdings in shares of California BanCorp by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 1,288,260 shares of the company's stock worth $21,308,000 after purchasing an additional 3,897 shares during the period. FJ Capital Management LLC lifted its stake in California BanCorp by 300.6% in the first quarter. FJ Capital Management LLC now owns 1,057,925 shares of the company's stock valued at $15,160,000 after purchasing an additional 793,828 shares during the last quarter. Finally, Mendon Capital Advisors Corp grew its holdings in California BanCorp by 6.9% during the fourth quarter. Mendon Capital Advisors Corp now owns 443,695 shares of the company's stock valued at $7,339,000 after purchasing an additional 28,458 shares during the period. 55.40% of the stock is owned by institutional investors.

California BanCorp declared that its board has authorized a stock repurchase program on Thursday, May 1st that permits the company to buyback 1,600,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

California BanCorp Company 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.