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NASDAQ:CALB

California BanCorp (CALB) Stock Price, News & Analysis

$22.25
+0.06 (+0.27%)
(As of 04:28 PM ET)
Today's Range
$21.96
$22.45
50-Day Range
$21.32
$23.06
52-Week Range
$14.01
$27.82
Volume
14,699 shs
Average Volume
22,763 shs
Market Capitalization
$187.79 million
P/E Ratio
9.39
Dividend Yield
N/A
Price Target
$26.25

California BanCorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.7% Upside
$26.25 Price Target
Short Interest
Healthy
1.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.45
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-4.61%
From $2.17 to $2.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.47 out of 5 stars

Finance Sector

374th out of 839 stocks

State Commercial Banks Industry

84th out of 169 stocks

CALB stock logo

About California BanCorp Stock (NASDAQ:CALB)

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. The company also offers asset-based lending loans; commercial letters of credit; construction and development loans; real estate loans, such as commercial real estate loans and other loans; small business administration (SBA) loans, including SBA 7(a) and SBA 504 loans; consumer loans, such as secured and unsecured installment loans, and revolving lines of credit; and commercial and industrial loans, including term loans, working capital, accounts receivable and inventory financing, and other business loans to the dental and veterinary industries, contractors, and emerging companies. In addition, it provides foreign exchange, treasury and cash management, and online and mobile banking services. California BanCorp was founded in 2007 and is headquartered in Oakland, California.

CALB Stock Price History

CALB Stock News Headlines

River Valley Community Bancorp Announces Director Retirement
See More Headlines
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Company Calendar

Last Earnings
4/29/2024
Today
5/23/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:CALB
Fax
N/A
Employees
169
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.25
High Stock Price Target
$31.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+18.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$21.63 million
Pretax Margin
24.50%

Debt

Sales & Book Value

Annual Sales
$114.08 million
Cash Flow
$2.68 per share
Book Value
$23.78 per share

Miscellaneous

Free Float
7,532,000
Market Cap
$186.86 million
Optionable
Not Optionable
Beta
0.92
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Key Executives

  • Mr. Steven E. Shelton (Age 63)
    CEO & Director
    Comp: $849.42k
  • Mr. Thomas A. Sa CPA (Age 62)
    President, CFO & COO
    Comp: $638.78k
  • Mr. John Lehman
    Senior Vice President of Operations & Compliance
  • Mr. John E. Lindstedt (Age 89)
    Senior Executive Vice President
    Comp: $262.58k
  • Ms. Amy C. Efland
    Senior VP, Relationship Manager & Sales Manager of CBC Business Credit - South Bay
  • Mr. Lawrence F. LaCroix
    Executive VP & Manager of Sponsor Finance
  • Ms. Marina Kremer
    Senior Vice President of Sponsor Finance Lending Division
  • Ms. Tommiette Rey II
    Assistant VP & Corporate Secretary
  • Mr. Franklin E. Haggas
    VP & Relationship Manager
  • Mr. James Christiansen
    Executive Vice President of CBC Business Credit Division

CALB Stock Analysis - Frequently Asked Questions

Should I buy or sell California BanCorp stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California BanCorp in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CALB shares.
View CALB analyst ratings
or view top-rated stocks.

What is California BanCorp's stock price target for 2024?

4 brokers have issued 1 year price objectives for California BanCorp's shares. Their CALB share price targets range from $23.00 to $31.00. On average, they predict the company's share price to reach $26.25 in the next twelve months. This suggests a possible upside of 18.7% 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 2024?

California BanCorp's stock was trading at $24.76 at the beginning of 2024. Since then, CALB shares have decreased by 10.7% and is now trading at $22.11.
View the best growth stocks for 2024 here
.

When is California BanCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our CALB earnings forecast
.

How were California BanCorp's earnings last quarter?

California BanCorp (NASDAQ:CALB) posted its earnings results on Monday, April, 29th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $19.42 million for the quarter, compared to the consensus estimate of $19.50 million. California BanCorp had a trailing twelve-month return on equity of 10.90% and a net margin of 17.16%.

Who are California BanCorp's major shareholders?

California BanCorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.25%), Wasatch Advisors LP (3.74%) and Kennedy Capital Management LLC (0.61%). Insiders that own company stock include Scott Alexander Myers and Wayne S Doiguchi.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CALB) was last updated on 5/23/2024 by MarketBeat.com Staff

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