Q1 2024 Earnings Estimate for Southern California Bancorp (NASDAQ:BCAL) Issued By DA Davidson

Southern California Bancorp (NASDAQ:BCAL) – Equities researchers at DA Davidson upped their Q1 2024 earnings per share estimates for shares of Southern California Bancorp in a research report issued on Wednesday, May 1st. DA Davidson analyst G. Tenner now forecasts that the company will earn $0.29 per share for the quarter, up from their prior estimate of $0.28. The consensus estimate for Southern California Bancorp’s current full-year earnings is $1.42 per share. DA Davidson also issued estimates for Southern California Bancorp’s FY2024 earnings at $1.07 EPS and FY2025 earnings at $1.96 EPS.

Southern California Bancorp Trading Down 0.6 %

Shares of NASDAQ BCAL opened at $13.91 on Thursday. The stock has a fifty day simple moving average of $14.72 and a 200-day simple moving average of $15.30. Southern California Bancorp has a twelve month low of $12.16 and a twelve month high of $18.00. The stock has a market capitalization of $257.71 million and a PE ratio of 10.01.

Southern California Bancorp (NASDAQ:BCAL) last released its quarterly earnings results on Friday, March 15th. The company reported $0.24 earnings per share (EPS) for the quarter. Southern California Bancorp had a net margin of 20.42% and a return on equity of 9.35%. The business had revenue of $22.46 million for the quarter.

Hedge Funds Weigh In On Southern California Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Southern California Bancorp during the 1st quarter worth about $159,000. Hennessy Advisors Inc. acquired a new stake in Southern California Bancorp during the first quarter worth approximately $1,700,000. Mendon Capital Advisors Corp acquired a new position in shares of Southern California Bancorp in the 4th quarter valued at $375,000. Finally, Eclectic Associates Inc. ADV purchased a new position in shares of Southern California Bancorp in the 3rd quarter valued at $1,015,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

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.