Bank of America Corp DE Grows Stake in Southern California Bancorp (NASDAQ:BCAL)

Bank of America Corp DE lifted its stake in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) by 156.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,089 shares of the company's stock after purchasing an additional 33,590 shares during the quarter. Bank of America Corp DE owned 0.17% of Southern California Bancorp worth $911,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Fourthstone LLC boosted its holdings in shares of Southern California Bancorp by 11.6% in the 4th quarter. Fourthstone LLC now owns 3,010,135 shares of the company's stock worth $49,788,000 after purchasing an additional 313,612 shares in the last quarter. Endeavour Capital Advisors Inc. boosted its holdings in 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 valued at $40,597,000 after acquiring an additional 13,003 shares during the period. Vanguard Group Inc. lifted its holdings in Southern 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 buying an additional 3,897 shares during the period. Mendon Capital Advisors Corp lifted its holdings in Southern California Bancorp by 6.9% in the 4th quarter. Mendon Capital Advisors Corp now owns 443,695 shares of the company's stock worth $7,339,000 after buying an additional 28,458 shares during the period. Finally, Curi RMB Capital LLC lifted its holdings in Southern California Bancorp by 4.1% in the 4th quarter. Curi RMB Capital LLC now owns 409,629 shares of the company's stock worth $6,775,000 after buying an additional 16,173 shares during the period. 55.40% of the stock is currently owned by institutional investors.

Southern California Bancorp Trading Down 0.5%

NASDAQ BCAL traded down $0.08 on Wednesday, hitting $14.95. The company's stock had a trading volume of 92,376 shares, compared to its average volume of 90,272. Southern California Bancorp has a 52-week low of $11.87 and a 52-week high of $18.49. The firm has a market cap of $484.57 million, a P/E ratio of 78.69 and a beta of 1.21. The company's 50-day simple moving average is $14.06 and its 200 day simple moving average is $15.32.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $44.86 million. On average, research analysts forecast that Southern California Bancorp will post 1.81 EPS for the current fiscal year.

Southern California Bancorp declared that its board has authorized a share buyback plan on Thursday, May 1st that authorizes the company to buyback 1,600,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are 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.