California BanCorp (CALB) to Release Earnings on Wednesday

California BanCorp (NASDAQ:CALB - Get Free Report) will announce its earnings results on Wednesday, April 24th.

California BanCorp (NASDAQ:CALB - Get Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. California BanCorp had a net margin of 18.96% and a return on equity of 11.55%. The company had revenue of $29.74 million during the quarter, compared to analyst estimates of $20.10 million. On average, analysts expect California BanCorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

California BanCorp Price Performance

NASDAQ:CALB traded up $0.14 during midday trading on Tuesday, hitting $21.46. The company had a trading volume of 24,138 shares, compared to its average volume of 25,195. California BanCorp has a 52-week low of $12.78 and a 52-week high of $27.82. The stock's fifty day moving average price is $22.46 and its 200-day moving average price is $22.82. The company has a market capitalization of $180.48 million, a PE ratio of 8.38 and a beta of 0.92. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.66.

Insider Buying and Selling at California BanCorp

In other California BanCorp news, EVP Scott Alexander Myers sold 2,564 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $24.68, for a total transaction of $63,279.52. Following the completion of the sale, the executive vice president now directly owns 20,075 shares in the company, valued at $495,451. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.75% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their target price on shares of California BanCorp from $26.50 to $23.50 and set an "outperform" rating for the company in a research report on Friday, April 5th.

California BanCorp Company Profile

California BanCorp operates as the bank holding company for California Bank of Commerce that provides commercial banking services to businesses and professionals in California. It accepts various deposit products, including commercial checking, savings, and money market accounts, as well as certificates of deposit.