NASDAQ:CALB

California BanCorp - CALB Stock Forecast, Price & News

$20.00

-0.66 (-3.19%)

(As of 03/17/2023 08:54 PM ET)

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Today's Range: $19.47
▼
$20.78
50-Day Range: $20.00
▼
$25.96
52-Week Range: $18.51
▼
$26.17

Volume: 55,200 shs
Average Volume: 15,508 shs
Market Capitalization: $166.60 million

P/E Ratio: 7.94
Dividend Yield: N/A
Price Target: $26.33

Institutional Ownership

California BanCorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 31.7% Upside
$26.33 Price Target
Short Interest: Healthy
0.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: 0.32
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 1.43%
From $2.80 to $2.84 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Finance Sector

600th out of 873 stocks

State Commercial Banks Industry

141st out of 177 stocks

3.3

Analyst's Opinion

Consensus Rating
California BanCorp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.33, California BanCorp has a forecasted upside of 31.7% from its current price of $20.00.
Amount of Analyst Coverage
California BanCorp has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.19% of the float of California BanCorp has been sold short.
Short Interest Ratio / Days to Cover
California BanCorp has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in California BanCorp has recently increased by 18.03%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
California BanCorp does not currently pay a dividend.
Dividend Growth
California BanCorp does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
California BanCorp has received a 29.71% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Development loans for corporations", "Cash withdrawal services", "Installment loans for corporations", "Wire transfer services", and "Mortgage loans for corporations" products. See details.
Environmental Sustainability
The Environmental Impact score for California BanCorp is -0.45.

1.8

News and Social Media Coverage

News Sentiment
California BanCorp has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for California BanCorp this week, compared to 0 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, California BanCorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.11% of the stock of California BanCorp is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
52.76% of the stock of California BanCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for California BanCorp are expected to grow by 1.43% in the coming year, from $2.80 to $2.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of California BanCorp is 7.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of California BanCorp is 7.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 135.51.
Price to Book Value per Share Ratio
California BanCorp has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About California BanCorp (NASDAQ:CALB) Stock

California BanCorp is a holding company, which engages in the provision of banking and financial solutions. It offers deposits, lending, cash management, international banking as well as real estate mortgage, real estate construction, commercial, and installment loans. The company was founded on March 31, 2017 and is headquartered in Oakland, CA.

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CALB Stock News Headlines

March 20, 2023 | americanbankingnews.com

Head-To-Head Review: California BanCorp (NASDAQ:CALB) versus HBT Financial (NASDAQ:HBT)

March 18, 2023 | usatoday.com

Atmospheric river heading for California could melt snow, cause floods

March 20, 2023 | Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

March 14, 2023 | msn.com

Here's Why California Bank of Commerce (CALB) is Poised for a Turnaround After Losing -14.85% in 4 Weeks

February 21, 2023 | msn.com

Are Investors Undervaluing Republic Bancorp (RBCAA) Right Now?

January 26, 2023 | finance.yahoo.com

California BanCorp Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2022

January 26, 2023 | msn.com

Valley National Bancorp GAAP EPS of $0.34 misses by $0.02, revenue of $518.6M misses by $8.52M

January 19, 2023 | msn.com

Oregon Pacific Bancorp GAAP EPS of $0.20, revenue of $8.96M

March 20, 2023 | Oxford Club (Ad)

My No. 1 dividend stock for a LIFETIME of income.

Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.

December 17, 2022 | finance.yahoo.com

California BanCorp (NASDAQ:CALB) is definitely on the radar of institutional investors who own 38% of the company

December 12, 2022 | msn.com

Here's What Could Help California Bank of Commerce (CALB) Maintain Its Recent Price Strength

November 17, 2022 | finance.yahoo.com

California Bank of Commerce (CALB) Matches Q3 Earnings Estimates

November 15, 2022 | finance.yahoo.com

California Bank of Commerce Creates New Specialty Banking Division

October 27, 2022 | finance.yahoo.com

California BanCorp Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2022

October 25, 2022 | msn.com

Sierra Bancorp: Dividend Insights

October 20, 2022 | msn.com

California Bank of Commerce (CALB) Earnings Expected to Grow: Should You Buy?

October 6, 2022 | seekingalpha.com

Banc of California: High Topline Growth Appears Priced In

August 29, 2022 | finance.yahoo.com

California BanCorp (CALB)

July 30, 2022 | seekingalpha.com

California BanCorp GAAP EPS of $0.51, revenue of $5.6M

July 28, 2022 | finance.yahoo.com

California BanCorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2022

July 10, 2022 | finance.yahoo.com

What Kind Of Shareholders Hold The Majority In California BanCorp's (NASDAQ:CALB) Shares?

May 2, 2022 | finance.yahoo.com

Investors in California BanCorp (NASDAQ:CALB) have made a return of 24% over the past year

April 28, 2022 | finance.yahoo.com

California BanCorp Reports Financial Results for the First Quarter Ended March 31, 2022

April 28, 2022 | seekingalpha.com

California BanCorp GAAP EPS of $0.44, revenue of $17.06M

April 1, 2022 | finance.yahoo.com

Do California BanCorp's (NASDAQ:CALB) Earnings Warrant Your Attention?

January 31, 2022 | finance.yahoo.com

Do Insiders Own Lots Of Shares In California BanCorp (NASDAQ:CALB)?

January 28, 2022 | benzinga.com

California Bancorp: Q4 Earnings Insights

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30 days | 90 days | 365 days | Advanced Chart

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CALB Company Calendar

Last Earnings: 1/26/2023
Today: 3/20/2023
Next Earnings (Estimated): 4/27/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CALB
CUSIP: N/A
CIK: 1752036
Web: www.californiabankofcommerce.com
Phone: (510) 457-3737
Fax: N/A
Employees: 150
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $26.33
High Stock Price Forecast: $29.00
Low Stock Price Forecast: $23.00
Forecasted Upside/Downside: +31.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.52
Trailing P/E Ratio: 7.94
Forward P/E Ratio: 7.14
P/E Growth: N/A
Net Income: $21.11 million
Net Margins: 23.54%
Pretax Margin: 30.42%
Return on Equity: 13.27%
Return on Assets: 1.09%

Debt

Debt-to-Equity Ratio: 0.94
Current Ratio: 1.07
Quick Ratio: 1.07

Sales & Book Value

Annual Sales: $78.35 million
Price / Sales: 2.13
Cash Flow: $1.75 per share
Price / Cash Flow: 11.41
Book Value: $18.27 per share
Price / Book: 1.09

Miscellaneous

Outstanding Shares: 8,329,000
Free Float: 7,487,000
Market Cap: $166.58 million
Optionable: Not Optionable
Beta: 1.04

Key Executives

Steven E. Shelton
Chief Executive Officer & Director

Thomas A. Sa
President, COO, CFO & Senior Executive VP

Michele Wirfel
Chief Banking Officer & Senior Executive VP

Scott Myers
Chief Lending Officer & Senior EVP

Tommiette Rey
Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CALB Stock - Frequently Asked Questions

Should I buy or sell California BanCorp stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California BanCorp in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CALB shares.
View CALB analyst ratings or view top-rated stocks.
What is California BanCorp's stock price forecast for 2023?: 2 Wall Street analysts have issued 1 year target prices for California BanCorp's shares. Their CALB share price forecasts range from $23.00 to $29.00. On average, they anticipate the company's share price to reach $26.33 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price.
View analysts price targets for CALB or view top-rated stocks among Wall Street analysts.
How have CALB shares performed in 2023?: California BanCorp's stock was trading at $23.78 at the start of the year. Since then, CALB stock has decreased by 15.9% and is now trading at $20.00.
View the best growth stocks for 2023 here.
When is California BanCorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our CALB earnings forecast.
How were California BanCorp's earnings last quarter?: California BanCorp (NASDAQ:CALB) released its quarterly earnings data on Thursday, January, 26th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.17. The company earned $23.82 million during the quarter, compared to analyst estimates of $21 million. California BanCorp had a net margin of 23.54% and a trailing twelve-month return on equity of 13.27%.
What ETF holds California BanCorp's stock ?: Dimensional US Small Cap Value ETF holds 35 shares of CALB stock, representing 0.00% of its portfolio.

What is California BanCorp's stock symbol?: California BanCorp trades on the NASDAQ under the ticker symbol "CALB."
Who are California BanCorp's major shareholders?: California BanCorp's stock is owned by a number of institutional and retail investors. Top institutional investors include Banc Funds Co. LLC (7.50%), Alliancebernstein L.P. (6.67%), The Manufacturers Life Insurance Company (5.92%), MAI Capital Management (2.03%), Petiole USA ltd (0.84%) and Millennium Management LLC (0.38%).
View institutional ownership trends.
How do I buy shares of California BanCorp?: Shares of CALB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is California BanCorp's stock price today?: One share of CALB stock can currently be purchased for approximately $20.00.
How much money does California BanCorp make?: California BanCorp (NASDAQ:CALB) has a market capitalization of $166.58 million and generates $78.35 million in revenue each year. The company earns $21.11 million in net income (profit) each year or $2.52 on an earnings per share basis.
How many employees does California BanCorp have?: The company employs 150 workers across the globe.
How can I contact California BanCorp?: California BanCorp's mailing address is 1300 Clay Street Suite 500, Oakland CA, 94612. The official website for the company is www.californiabankofcommerce.com. The company can be reached via phone at (510) 457-3737 or via email at trey@bankcbc.com.

This page (NASDAQ:CALB) was last updated on 3/20/2023 by MarketBeat.com Staff

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California BanCorp - CALB Stock Forecast, Price & News

California BanCorp MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About California BanCorp (NASDAQ:CALB) Stock

CALB Stock News Headlines

CALB Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

CALB Stock - Frequently Asked Questions

Overall MarketRank^™