Southern California Bancorp (NASDAQ:BCAL) Shares Sold by Vance Wealth LLC

Vance Wealth LLC reduced its position in shares of Southern California Bancorp (NASDAQ:BCAL) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,633 shares of the company’s stock after selling 3,349 shares during the period. Vance Wealth LLC owned about 0.12% of Southern California Bancorp worth $622,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in Southern California Bancorp by 265.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,848 shares of the company’s stock valued at $47,000 after buying an additional 2,068 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Southern California Bancorp in the fourth quarter valued at about $102,000. SG Americas Securities LLC boosted its holdings in Southern California Bancorp by 22.0% in the fourth quarter. SG Americas Securities LLC now owns 10,163 shares of the company’s stock valued at $168,000 after purchasing an additional 1,833 shares during the last quarter. Davidson Kahn Capital Management LLC purchased a new position in Southern California Bancorp in the fourth quarter valued at about $172,000. Finally, Intech Investment Management LLC purchased a new position in Southern California Bancorp in the fourth quarter valued at about $176,000. 55.40% of the stock is owned by institutional investors and hedge funds.

Southern California Bancorp Price Performance

NASDAQ BCAL opened at $15.26 on Tuesday. Southern California Bancorp has a 12 month low of $11.87 and a 12 month high of $18.49. The company has a market capitalization of $494.62 million, a price-to-earnings ratio of 80.32 and a beta of 1.20. The company’s fifty day moving average price is $13.94 and its two-hundred day moving average price is $15.54.

Southern California Bancorp (NASDAQ:BCAL) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.38 by $0.14. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. The business had revenue of $44.82 million for the quarter, compared to analysts’ expectations of $44.86 million. As a group, analysts anticipate that Southern California Bancorp will post 1.81 EPS for the current year.

Southern California Bancorp announced that its Board of Directors has authorized a share buyback plan on Thursday, May 1st that permits the company to repurchase 1,600,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, DA Davidson reduced their target price on Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, January 30th.

Southern California Bancorp Company Profile

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.