Southern California Bancorp (NASDAQ:BCAL - Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 287,900 shares, a decline of 11.6% from the March 15th total of 325,700 shares. Based on an average daily volume of 38,100 shares, the short-interest ratio is presently 7.6 days. Currently, 2.6% of the company's shares are short sold.
Hedge Funds Weigh In On Southern California Bancorp
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Southern California Bancorp in the fourth quarter valued at $181,000. Citadel Advisors LLC acquired a new position in Southern California Bancorp in the fourth quarter valued at $185,000. Charles Schwab Investment Management Inc. acquired a new position in Southern California Bancorp in the third quarter valued at $160,000. Northern Trust Corp acquired a new position in Southern California Bancorp in the fourth quarter valued at $265,000. Finally, Mendon Capital Advisors Corp acquired a new position in Southern California Bancorp in the fourth quarter valued at $375,000. Institutional investors and hedge funds own 55.40% of the company's stock.
Southern California Bancorp Stock Performance
Shares of NASDAQ:BCAL traded up $0.02 during mid-day trading on Friday, reaching $14.36. 25,547 shares of the company's stock were exchanged, compared to its average volume of 54,753. The firm has a market capitalization of $264.65 million and a price-to-earnings ratio of 10.33. The business's fifty day moving average price is $15.05 and its 200-day moving average price is $15.34. Southern California Bancorp has a twelve month low of $12.16 and a twelve month high of $18.00.
About Southern California Bancorp
(
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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.
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