California BanCorp (NASDAQ:BCAL) Sets New 52-Week High – What’s Next?

Posted by Stanley Muller on Jun 24th, 2026

California BanCorp (NASDAQ:BCAL – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.53 and last traded at $20.3990, with a volume of 16347 shares. The stock had previously closed at $20.31.

Analysts Set New Price Targets

A number of research firms recently commented on BCAL. DA Davidson upped their price objective on California BanCorp from $21.50 to $22.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Zacks Research upgraded California BanCorp from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $20.67.

Get Our Latest Stock Report on California BanCorp

California BanCorp Price Performance

The stock has a market cap of $653.27 million, a P/E ratio of 11.17 and a beta of 0.99. The stock’s 50 day simple moving average is $19.02 and its two-hundred day simple moving average is $18.71.

California BanCorp (NASDAQ:BCAL – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $44.22 million during the quarter. California BanCorp had a net margin of 25.68% and a return on equity of 10.59%. As a group, analysts forecast that California BanCorp will post 1.68 earnings per share for the current fiscal year.

California BanCorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, June 23rd. California BanCorp’s dividend payout ratio is 21.86%.

Insider Activity

In other news, President Richard Hernandez sold 17,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $19.12, for a total transaction of $325,040.00. Following the completion of the transaction, the president directly owned 72,935 shares of the company’s stock, valued at $1,394,517.20. This represents a 18.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On California BanCorp

A number of hedge funds and other institutional investors have recently bought and sold shares of BCAL. Parallel Advisors LLC raised its position in California BanCorp by 17.1% in the 1st quarter. Parallel Advisors LLC now owns 11,820 shares of the company’s stock valued at $209,000 after buying an additional 1,723 shares during the last quarter. Bank of America Corp DE grew its stake in shares of California BanCorp by 26.6% during the 1st quarter. Bank of America Corp DE now owns 89,566 shares of the company’s stock worth $1,587,000 after acquiring an additional 18,839 shares in the last quarter. Royal Bank of Canada grew its stake in shares of California BanCorp by 215.4% during the 1st quarter. Royal Bank of Canada now owns 2,094 shares of the company’s stock worth $37,000 after acquiring an additional 1,430 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of California BanCorp by 26.1% in the first quarter. Empowered Funds LLC now owns 140,127 shares of the company’s stock valued at $2,483,000 after purchasing an additional 29,003 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of California BanCorp by 4.6% in the first quarter. The Manufacturers Life Insurance Company now owns 795,309 shares of the company’s stock valued at $14,093,000 after purchasing an additional 34,945 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

About California BanCorp

(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.