Southern California Bancorp (NASDAQ:BCAL) Sees Large Increase in Short Interest

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 423,600 shares, an increase of 47.1% from the March 31st total of 287,900 shares. Based on an average trading volume of 40,600 shares, the days-to-cover ratio is presently 10.4 days. Currently, 3.7% of the company's stock are short sold.

Southern California Bancorp Trading Up 0.3 %

NASDAQ:BCAL traded up $0.04 during mid-day trading on Friday, hitting $14.14. The stock had a trading volume of 12,717 shares, compared to its average volume of 28,572. The stock has a 50-day simple moving average of $14.78 and a two-hundred day simple moving average of $15.31. The company has a market capitalization of $261.97 million and a PE ratio of 10.17. Southern California Bancorp has a twelve month low of $12.16 and a twelve month high of $18.00.

Southern California Bancorp (NASDAQ:BCAL - Get Free Report) last issued its earnings results on Friday, March 15th. The company reported $0.24 earnings per share for the quarter. The firm had revenue of $22.46 million for the quarter. Southern California Bancorp had a net margin of 20.42% and a return on equity of 9.35%. Sell-side analysts predict that Southern California Bancorp will post 1.42 EPS for the current fiscal year.

Institutional Trading of Southern California Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. acquired a new stake in Southern California Bancorp during the first quarter worth approximately $159,000. Hennessy Advisors Inc. acquired a new stake in Southern California Bancorp during the first quarter worth approximately $1,700,000. Mendon Capital Advisors Corp acquired a new stake in Southern California Bancorp during the fourth quarter worth approximately $375,000. Finally, Eclectic Associates Inc. ADV acquired a new stake in Southern California Bancorp during the third quarter worth approximately $1,015,000. Institutional investors and hedge funds own 55.40% of the company's stock.

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.