Jump Financial LLC Acquires Shares of 15,900 California BanCorp $BCAL

Key Points

• Jump Financial LLC invested approximately $228,000 in California BanCorp by acquiring 15,900 shares in the first quarter of the year.
• Several institutional investors, including Hotchkis & Wiley Capital Management and Deutsche Bank AG, have also increased or established positions in California BanCorp during the same period.
• California BanCorp currently has a consensus rating of "Strong Buy" from analysts, with a price target set at $19.50.

Jump Financial LLC purchased a new stake in shares of California BanCorp (NASDAQ:BCAL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,900 shares of the company's stock, valued at approximately $228,000.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in California BanCorp by 265.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,848 shares of the company's stock worth $47,000 after purchasing an additional 2,068 shares during the period. GAMMA Investing LLC grew its stake in shares of California BanCorp by 1,581.0% during the first quarter. GAMMA Investing LLC now owns 3,883 shares of the company's stock valued at $56,000 after buying an additional 3,652 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of California BanCorp in the fourth quarter worth about $102,000. Fiduciary Trust Co purchased a new position in shares of California BanCorp in the fourth quarter worth about $184,000. Finally, Deutsche Bank AG lifted its stake in shares of California BanCorp by 48.9% in the 4th quarter. Deutsche Bank AG now owns 13,802 shares of the company's stock valued at $228,000 after acquiring an additional 4,530 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stephens upgraded California BanCorp from a "hold" rating to a "strong-buy" rating and set a $19.00 price target on the stock in a research report on Monday, August 4th. Wall Street Zen raised shares of California BanCorp from a "hold" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, California BanCorp presently has an average rating of "Strong Buy" and a consensus target price of $19.50.

California BanCorp Stock Performance

BCAL stock traded up $0.01 on Friday, reaching $17.10. The company's stock had a trading volume of 71,596 shares, compared to its average volume of 79,559. The business has a fifty day simple moving average of $16.17 and a two-hundred day simple moving average of $15.07. California BanCorp has a 12-month low of $11.87 and a 12-month high of $18.49. The firm has a market cap of $556.09 million, a PE ratio of 19.66 and a beta of 1.21.

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.