FJ Capital Management LLC Raises Stock Holdings in Southern California Bancorp (NASDAQ:BCAL)

FJ Capital Management LLC increased its position in Southern California Bancorp (NASDAQ:BCAL - Free Report) by 85.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 264,097 shares of the company's stock after acquiring an additional 121,845 shares during the quarter. FJ Capital Management LLC owned about 0.82% of Southern California Bancorp worth $4,368,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Southern California Bancorp by 265.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,848 shares of the company's stock valued at $47,000 after acquiring an additional 2,068 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Southern California Bancorp in the fourth quarter valued at approximately $102,000. SG Americas Securities LLC boosted its position in shares of Southern California Bancorp by 22.0% in the fourth quarter. SG Americas Securities LLC now owns 10,163 shares of the company's stock valued at $168,000 after acquiring an additional 1,833 shares during the period. Davidson Kahn Capital Management LLC bought a new position in shares of Southern California Bancorp in the fourth quarter valued at approximately $172,000. Finally, Intech Investment Management LLC bought a new position in shares of Southern California Bancorp in the fourth quarter valued at approximately $176,000. 55.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their target price on shares of Southern California Bancorp from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, January 30th.

Southern California Bancorp Stock Performance

Southern California Bancorp stock traded up $0.77 during mid-day trading on Monday, hitting $15.34. 83,635 shares of the company traded hands, compared to its average volume of 86,389. Southern California Bancorp has a one year low of $11.87 and a one year high of $18.49. The stock has a market cap of $497.05 million, a price-to-earnings ratio of 80.74 and a beta of 1.20. The stock has a fifty day moving average price of $13.95 and a 200-day moving average price of $15.51.

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, beating the consensus estimate of $0.38 by $0.14. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. The business had revenue of $44.82 million during the quarter, compared to analyst estimates of $44.86 million. Sell-side analysts predict that Southern California Bancorp will post 1.81 EPS for the current year.

Southern California Bancorp declared that its board has approved a stock repurchase program on Thursday, May 1st that allows the company to buyback 1,600,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board 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.