Zacks Research Downgrades California BanCorp (NASDAQ:BCAL) to Hold

Posted by George Bondi on Aug 26th, 2026

California BanCorp (NASDAQ:BCAL – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on BCAL. Raymond James Financial assumed coverage on California BanCorp in a research note on Thursday, August 20th. They issued an “outperform” rating and a $25.00 target price on the stock. DA Davidson lifted their price objective on shares of California BanCorp from $23.50 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Stephens boosted their price objective on shares of California BanCorp from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of California BanCorp in a research note on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of California BanCorp from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, California BanCorp presently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Read Our Latest Research Report on BCAL

California BanCorp Trading Down 0.5%

BCAL stock opened at $21.37 on Monday. The business has a 50 day simple moving average of $21.01 and a 200-day simple moving average of $19.42. California BanCorp has a twelve month low of $15.85 and a twelve month high of $22.00. The company has a market capitalization of $687.05 million, a P/E ratio of 11.61 and a beta of 0.92.

California BanCorp (NASDAQ:BCAL – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. California BanCorp had a net margin of 26.01% and a return on equity of 10.44%. The company had revenue of $44.08 million for the quarter, compared to the consensus estimate of $45.07 million. Research analysts predict that California BanCorp will post 1.75 EPS for the current fiscal year.

Insider Activity

In other news, Director Lester Machado sold 7,500 shares of California BanCorp stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $21.19, for a total transaction of $158,925.00. Following the completion of the sale, the director directly owned 22,391 shares in the company, valued at approximately $474,465.29. This trade represents a 25.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.14% of the company’s stock.

Hedge Funds Weigh In On California BanCorp

Several hedge funds have recently bought and sold shares of BCAL. EverSource Wealth Advisors LLC boosted its position in California BanCorp by 26,512.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,129 shares of the company’s stock worth $34,000 after purchasing an additional 2,121 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of California BanCorp in the fourth quarter valued at $36,000. Royal Bank of Canada increased its position in shares of California BanCorp by 215.4% in the first quarter. Royal Bank of Canada now owns 2,094 shares of the company’s stock valued at $37,000 after buying an additional 1,430 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of California BanCorp by 508.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,228 shares of the company’s stock worth $37,000 after buying an additional 1,862 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of California BanCorp in the 2nd quarter worth about $53,000. 55.40% of the stock is owned by hedge funds and other institutional investors.

California BanCorp Company Profile

(Get Free Report)

California BanCorp (NASDAQ:BCAL) is a bank holding company headquartered in California. Founded to address the diverse financial needs of businesses and individuals across the state, the company focuses on community-oriented banking solutions and operates under a locally based decision-making model.

Through its wholly owned banking subsidiary, California BanCorp offers a suite of deposit products including checking, savings, money market and certificate of deposit accounts. Its lending portfolio encompasses commercial and industrial loans, real estate and construction financing, as well as consumer lending products such as personal loans and home equity lines of credit.

In addition to core deposit and lending services, the company provides treasury and cash management services, online and mobile banking platforms, and merchant payment solutions designed to streamline operations for small to mid-sized enterprises.