Bedell Frazier Investment Counselling LLC Decreases Stock Position in Southern California Bancorp (NASDAQ:BCAL)

Bedell Frazier Investment Counselling LLC cut its holdings in shares of Southern California Bancorp (NASDAQ:BCAL) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,729 shares of the company’s stock after selling 19,670 shares during the period. Bedell Frazier Investment Counselling LLC owned approximately 0.23% of Southern California Bancorp worth $1,219,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Barclays PLC boosted its holdings in shares of Southern California Bancorp by 177.3% during the 3rd quarter. Barclays PLC now owns 36,756 shares of the company’s stock valued at $544,000 after acquiring an additional 23,499 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Southern California Bancorp by 99.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 66,012 shares of the company’s stock worth $976,000 after purchasing an additional 32,848 shares during the period. JPMorgan Chase & Co. raised its stake in Southern California Bancorp by 417.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,508 shares of the company’s stock valued at $392,000 after buying an additional 21,384 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Southern California Bancorp during the 4th quarter valued at $264,000. Finally, Geode Capital Management LLC boosted its stake in shares of Southern California Bancorp by 105.9% in the 3rd quarter. Geode Capital Management LLC now owns 542,147 shares of the company’s stock worth $8,020,000 after buying an additional 278,874 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price objective on shares of Southern California Bancorp from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th.

Southern California Bancorp Stock Down 2.6 %

BCAL stock opened at $14.38 on Monday. The company has a fifty day simple moving average of $15.57 and a two-hundred day simple moving average of $15.74. Southern California Bancorp has a 52 week low of $12.30 and a 52 week high of $18.49. The firm has a market capitalization of $462.53 million, a P/E ratio of 75.69 and a beta of 1.13.

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

Southern California Bancorp Profile

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.