Intech Investment Management LLC Makes New Investment in Southern California Bancorp (NASDAQ:BCAL)

Intech Investment Management LLC acquired a new stake in shares of Southern California Bancorp (NASDAQ:BCAL) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 10,615 shares of the company’s stock, valued at approximately $176,000.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Southern California Bancorp by 22.0% during 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. Jane Street Group LLC acquired a new stake in shares of Southern California Bancorp during the 3rd quarter valued at $202,000. Aspiriant LLC acquired a new stake in shares of Southern California Bancorp during the 4th quarter valued at $230,000. MetLife Investment Management LLC boosted its stake in shares of Southern California Bancorp by 348.8% during the 3rd quarter. MetLife Investment Management LLC now owns 14,719 shares of the company’s stock worth $218,000 after acquiring an additional 11,439 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of Southern California Bancorp in the 3rd quarter worth $235,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analysts Set New Price Targets

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 report on Thursday, January 30th.

Southern California Bancorp Price Performance

Shares of BCAL opened at $14.76 on Friday. Southern California Bancorp has a one year low of $12.30 and a one year high of $18.49. The company has a 50-day moving average of $15.59 and a two-hundred day moving average of $15.73. The stock has a market cap of $474.76 million, a price-to-earnings ratio of 77.69 and a beta of 1.13.

Southern California Bancorp (NASDAQ:BCAL) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Southern California Bancorp had a net margin of 2.94% and a return on equity of 8.97%. Analysts anticipate that Southern California Bancorp will post 1.81 earnings per share for the current year.

About Southern California Bancorp

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.