Southern California Bancorp (NASDAQ:BCAL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of Southern California Bancorp (NASDAQ:BCAL - Free Report) by 170.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,755 shares of the company's stock after purchasing an additional 45,247 shares during the period. JPMorgan Chase & Co. owned about 0.22% of Southern California Bancorp worth $1,187,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BCAL. SG Americas Securities LLC grew its stake in shares of Southern California Bancorp by 22.0% during the fourth quarter. SG Americas Securities LLC now owns 10,163 shares of the company's stock valued at $168,000 after buying an additional 1,833 shares during the last quarter. Intech Investment Management LLC bought a new position in Southern California Bancorp in the 4th quarter valued at $176,000. Jane Street Group LLC purchased a new stake in Southern California Bancorp in the third quarter worth $202,000. Aspiriant LLC bought a new stake in shares of Southern California Bancorp during the fourth quarter worth $230,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Southern California Bancorp during the fourth quarter valued at $264,000. Institutional investors own 55.40% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price objective 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 Price Performance

NASDAQ BCAL traded up $0.08 during trading on Thursday, reaching $14.05. 6,328 shares of the company's stock traded hands, compared to its average volume of 84,481. The firm has a market cap of $455.12 million, a price-to-earnings ratio of 74.08 and a beta of 1.19. Southern California Bancorp has a 12-month low of $11.87 and a 12-month high of $18.49. The company's 50 day simple moving average is $14.14 and its two-hundred day simple moving average is $15.48.

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

Southern 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.