Equities Analysts Issue Forecasts for BCAL Q4 Earnings

Southern California Bancorp (NASDAQ:BCAL - Free Report) is in the spotlight as stock analysts at DA Davidson have released their estimates for Q4 2024 earnings. In a research note published on Wednesday, October 30th, analyst G. Tenner predicts that Southern California Bancorp will achieve earnings of $0.45 per share for the upcoming quarter. This is compared to the consensus estimate for the company's current full-year earnings, which stands at $1.03 per share. Furthermore, DA Davidson has also forecasted earnings per share (EPS) for the fiscal year 2025, estimating it to be around $1.81.

Additionally, a separate report from Keefe, Bruyette & Woods has revised its price target for Southern California Bancorp, lowering it from $23.00 to $19.00 while maintaining an "outperform" rating on the stock.

Southern California Bancorp Trading Performance

Trading activity shows that on Thursday, the stock of Southern California Bancorp opened at $14.51. The company has a 50-day moving average price of $14.48 and a two-hundred-day moving average price of $14.19. Southern California Bancorp holds a market capitalization of approximately $269.12 million, with a price-to-earnings (PE) ratio of -181.38 and a beta value of 0.74. Over the past year, the stock has reached a low of $12.30 and a high of $18.00.

The most recent quarterly earnings report from Southern California Bancorp was announced on Monday, August 12th. The company reported earnings of $0.03 per share for that quarter, accompanied by revenue of $22.18 million. The firm achieved a return on equity of 5.92% and a net profit margin of 12.34%.

Insider Trading Activity

In insider news, Director Lester Machado executed a sale of 10,000 shares of the company's stock on Tuesday, August 20th. The shares were sold at an average price of $14.37, totaling $143,700. Following this transaction, Machado holds 15,437 shares of Southern California Bancorp, which are valued at approximately $221,829.69, reflecting a 0.00% change in their position. This sale has been documented through a filing with the Securities and Exchange Commission. Notably, corporate insiders own about 19.64% of the stock.

Institutional Investors and Hedge Fund Activity

Recent trends show that several large investors have adjusted their positions in Southern California Bancorp. For example, Keystone Wealth Services LLC purchased a new stake valued at around $617,000 during the third quarter. In the second quarter, Bank of New York Mellon Corp and Pacific Ridge Capital Partners LLC acquired new shares valued at $461,000 and $359,000, respectively. Rhumbline Advisers also entered a new position worth $166,000 during the same quarter. Another significant investor, Hennessy Advisors Inc., increased its stake by 8.8% in the second quarter and now owns 124,000 shares estimated at $1,670,000. Overall, institutional investors and hedge funds hold about 55.40% of the company's stock.

Overview of Southern California Bancorp

Southern California Bancorp operates as the holding company for Bank of Southern California, N.A. This institution offers a variety of financial products targeting individuals, professionals, and small to medium-sized businesses. The company's offerings include checking accounts, personal and business savings accounts, money market accounts, as well as certificates of deposit.

Conclusion

As Southern California Bancorp continues to attract the attention of analysts and investors, the upcoming earnings forecasts will be crucial in shaping the investors' perception of the company's performance. Staying attuned to the shifts in price targets and insider activities could provide valuable insights into its future trajectory.

BCAL, Earnings, Forecasts