Bedell Frazier Investment Counselling LLC Cuts Stock Holdings in Southern California Bancorp (NASDAQ:BCAL)

Bedell Frazier Investment Counselling LLC lessened its holdings in Southern California Bancorp (NASDAQ:BCAL) by 21.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 73,729 shares of the company’s stock after selling 19,670 shares during the quarter. Bedell Frazier Investment Counselling LLC’s holdings in Southern California Bancorp were worth $1,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pacific Ridge Capital Partners LLC raised its stake in Southern California Bancorp by 20.8% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 46,718 shares of the company’s stock worth $773,000 after buying an additional 8,047 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Southern California Bancorp by 170.7% during the 4th quarter. JPMorgan Chase & Co. now owns 71,755 shares of the company’s stock worth $1,187,000 after purchasing an additional 45,247 shares during the last quarter. Vanguard Group Inc. boosted its position in Southern California Bancorp by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 1,288,260 shares of the company’s stock valued at $21,308,000 after purchasing an additional 3,897 shares in the last quarter. American Century Companies Inc. grew its stake in Southern California Bancorp by 38.0% in the fourth quarter. American Century Companies Inc. now owns 39,082 shares of the company’s stock valued at $646,000 after purchasing an additional 10,756 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Southern California Bancorp in the fourth quarter worth about $176,000. 55.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Southern California Bancorp Trading Down 2.6 %

Shares of BCAL stock opened at $14.38 on Monday. The company has a market cap of $462.53 million, a PE ratio of 75.69 and a beta of 1.13. Southern California Bancorp has a 12-month low of $12.30 and a 12-month high of $18.49. The business’s fifty day simple moving average is $15.57 and its 200-day simple moving average is $15.74.

Southern California Bancorp (NASDAQ:BCAL) last announced its earnings results on Wednesday, January 29th. The company reported $0.53 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts forecast that Southern California Bancorp will post 1.81 earnings per share for the current year.

Southern California Bancorp Company 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.