California BanCorp (NASDAQ:BCAL) Rating Increased to Moderate Buy at Raymond James Financial

Posted by Brenda Bartman on Aug 22nd, 2026

Raymond James Financial upgraded shares of California BanCorp (NASDAQ:BCAL – Free Report) to a moderate buy rating in a research report report published on Thursday,Zacks.com reports.

A number of other brokerages have also commented on BCAL. Keefe, Bruyette & Woods upped their target price on California BanCorp from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Zacks Research upgraded shares of California BanCorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Stephens lifted 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. DA Davidson upped their price objective on shares of California BanCorp from $23.50 to $25.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of California BanCorp in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $24.50.

Check Out Our Latest Report on BCAL

California BanCorp Stock Performance

Shares of BCAL opened at $21.36 on Thursday. The stock has a 50-day moving average of $20.94 and a two-hundred day moving average of $19.38. The stock has a market cap of $686.75 million, a P/E ratio of 11.61 and a beta of 0.92. California BanCorp has a one year low of $15.85 and a one year high of $22.00.

California BanCorp (NASDAQ:BCAL – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $44.08 million for the quarter, compared to analyst estimates of $45.07 million. Analysts predict that California BanCorp will post 1.75 EPS for the current fiscal year.

California BanCorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a $0.12 dividend. The ex-dividend date is Monday, September 21st. This is a positive change from California BanCorp’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.2%. California BanCorp’s dividend payout ratio (DPR) is currently 26.09%.

Insider Buying and Selling

In related news, Director Lester Machado sold 7,500 shares of the firm’s stock in a transaction dated 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 trade represents a 25.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On California BanCorp

Several hedge funds have recently bought and sold shares of BCAL. BNP Paribas Financial Markets grew its stake in shares of California BanCorp by 12.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,942 shares of the company’s stock worth $82,000 after purchasing an additional 545 shares during the period. Invesco Ltd. lifted its stake in shares of California BanCorp by 4.4% in the 4th quarter. Invesco Ltd. now owns 16,154 shares of the company’s stock valued at $302,000 after purchasing an additional 680 shares during the period. Empowered Funds LLC lifted its stake in shares of California BanCorp by 6.2% in the 1st quarter. Empowered Funds LLC now owns 11,969 shares of the company’s stock valued at $172,000 after purchasing an additional 704 shares during the period. Goldman Sachs Group Inc. boosted its holdings in California BanCorp by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 69,655 shares of the company’s stock worth $998,000 after buying an additional 846 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in California BanCorp by 8.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,988 shares of the company’s stock worth $243,000 after buying an additional 978 shares in the last quarter. Hedge funds and other institutional investors 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.