Keystone Wealth Services LLC Invests $617,000 in Southern California Bancorp (NASDAQ:BCAL)

Keystone Wealth Services LLC bought a new position in Southern California Bancorp (NASDAQ:BCAL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,737 shares of the company’s stock, valued at approximately $617,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ELCO Management Co. LLC boosted its holdings in shares of Southern California Bancorp by 25.2% in the second quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock worth $360,000 after buying an additional 5,380 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Southern California Bancorp by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 267,898 shares of the company’s stock worth $3,609,000 after buying an additional 6,266 shares during the period. SG Americas Securities LLC acquired a new position in shares of Southern California Bancorp in the third quarter worth about $123,000. Endeavour Capital Advisors Inc. boosted its holdings in shares of Southern California Bancorp by 0.8% in the second quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company’s stock worth $15,241,000 after buying an additional 8,521 shares during the period. Finally, Hennessy Advisors Inc. boosted its holdings in shares of Southern California Bancorp by 8.8% in the second quarter. Hennessy Advisors Inc. now owns 124,000 shares of the company’s stock worth $1,670,000 after buying an additional 10,000 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

Southern California Bancorp Stock Performance

Shares of BCAL stock traded up $0.24 during trading on Tuesday, hitting $14.24. 39,853 shares of the company were exchanged, compared to its average volume of 61,385. The firm has a market capitalization of $264.01 million, a price-to-earnings ratio of 11.57 and a beta of 0.74. The business’s 50-day simple moving average is $14.49 and its 200 day simple moving average is $14.21. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.00.

Southern California Bancorp (NASDAQ:BCAL) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.03 EPS for the quarter. The business had revenue of $22.18 million during the quarter. Southern California Bancorp had a net margin of 12.34% and a return on equity of 5.92%. On average, equities analysts forecast that Southern California Bancorp will post 1.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, August 2nd.

Insider Buying and Selling

In related news, Director Lester Machado sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $14.37, for a total transaction of $143,700.00. Following the completion of the sale, the director now directly owns 15,437 shares in the company, valued at approximately $221,829.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.64% of the stock is currently owned by corporate insiders.

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.