Man Group plc Takes Position in California BanCorp $BCAL

Posted by Brian Himes on Sep 3rd, 2026

Man Group plc bought a new stake in shares of California BanCorp (NASDAQ:BCAL – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 65,675 shares of the company’s stock, valued at approximately $1,369,000.

A number of other large investors also recently modified their holdings of BCAL. Goldman Sachs Group Inc. boosted its holdings in California BanCorp by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 69,655 shares of the company’s stock worth $998,000 after buying an additional 846 shares during the period. Empowered Funds LLC raised its holdings in California BanCorp by 6.2% during the first quarter. Empowered Funds LLC now owns 11,969 shares of the company’s stock valued at $172,000 after acquiring an additional 704 shares during the period. Jane Street Group LLC purchased a new position in shares of California BanCorp in the first quarter valued at about $357,000. Creative Planning purchased a new position in shares of California BanCorp in the second quarter valued at about $335,000. Finally, American Century Companies Inc. boosted its stake in shares of California BanCorp by 15.1% in the second quarter. American Century Companies Inc. now owns 48,045 shares of the company’s stock worth $757,000 after acquiring an additional 6,298 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Raymond James Financial started coverage on California BanCorp in a research report on Thursday, August 20th. They set an “outperform” rating and a $25.00 target price for the company. DA Davidson upped their price target on California BanCorp from $23.50 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Zacks Research lowered shares of California BanCorp from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of California BanCorp in a research report on Wednesday, June 24th. Finally, Stephens boosted their target price on shares of California BanCorp from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.50.

Get Our Latest Stock Report on BCAL

California BanCorp Stock Up 2.1%

Shares of California BanCorp stock opened at $21.53 on Thursday. California BanCorp has a twelve month low of $15.85 and a twelve month high of $22.00. The business has a 50-day moving average price of $21.18 and a 200-day moving average price of $19.52. The firm has a market cap of $692.21 million, a price-to-earnings ratio of 11.70 and a beta of 0.92.

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

California BanCorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.12 per share. This is a positive change from California BanCorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. California BanCorp’s payout ratio is currently 26.09%.

Insider Activity

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

About California BanCorp

(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.