Equities Analysts Predict Q4 Earnings for Southern California Bancorp

Southern California Bancorp (NASDAQ:BCAL) has received recent attention from stock analysts regarding its upcoming earnings report. DA Davidson’s analyst, G. Tenner, provided insights in a research note released on October 30th, forecasting earnings per share (EPS) for the fourth quarter of 2024 to be $0.45. This estimate is noteworthy as it stands in contrast to the current consensus expectation for the full-year earnings of the company, which is projected to be $1.03 per share. Furthermore, DA Davidson has predicted that Southern California Bancorp's earnings for the fiscal year 2025 will reach approximately $1.81 EPS.

In a separate analysis, Keefe, Bruyette & Woods has adjusted its price target for Southern California Bancorp, reducing it from $23.00 to $19.00, while maintaining an "outperform" rating on the stock as of August 2nd.

Southern California Bancorp Stock Performance

As of Thursday, the stock of Southern California Bancorp saw an increase of 0.9%, opening at $14.51. The company's 50-day moving average stands at $14.48, and its 200-day moving average is at $14.19, reflecting its price stability. Southern California Bancorp currently has a market capitalization of $269.12 million, with a price-to-earnings (PE) ratio of -181.38. Over the past year, the stock has fluctuated between a low of $12.30 and a high of $18.00.

In its latest earnings report released on August 12th, Southern California Bancorp reported earnings of $0.03 per share for the prior quarter, with total revenues amounting to $22.18 million. The company's return on equity was recorded at 5.92% and it achieved a net margin of 12.34%.

Insider Trading Activities

In other news, insider transactions have been noted. Director Lester Machado sold 10,000 shares of the company's stock on August 20th, at an average price of $14.37, totaling $143,700. Following this sale, Machado retains 15,437 shares of the company, valued at $221,829.69. Insider ownership currently constitutes 19.64% of the stock.

Institutional Investments in Southern California Bancorp

Recent changes in ownership of shares have also come to light, with significant investments from institutional investors. Keystone Wealth Services LLC entered a new position in Southern California Bancorp worth approximately $617,000 in the third quarter. Additionally, Bank of New York Mellon Corp invested around $461,000 in the second quarter. Other investments include Pacific Ridge Capital Partners LLC, Rhumbline Advisers, and Hennessy Advisors Inc., which increased its holdings by 8.8% during the same period.

About Southern California Bancorp

Southern California Bancorp serves as the parent company of Bank of Southern California, N.A., offering a range of financial services to individuals, professionals, as well as small to medium-sized businesses. Their offerings include checking, savings, money market accounts, and certificates of deposit.

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