EJF Capital LLC Has $2.49 Million Stock Holdings in California BanCorp $BCAL

EJF Capital LLC decreased its position in shares of California BanCorp (NASDAQ:BCAL) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 173,857 shares of the company’s stock after selling 1,655 shares during the quarter. California BanCorp makes up approximately 1.6% of EJF Capital LLC’s holdings, making the stock its 28th largest holding. EJF Capital LLC owned about 0.54% of California BanCorp worth $2,491,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in California BanCorp by 265.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,848 shares of the company’s stock worth $47,000 after buying an additional 2,068 shares in the last quarter. GAMMA Investing LLC lifted its holdings in California BanCorp by 1,581.0% during the 1st quarter. GAMMA Investing LLC now owns 3,883 shares of the company’s stock worth $56,000 after buying an additional 3,652 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in California BanCorp during the 4th quarter worth $102,000. Fiduciary Trust Co acquired a new position in California BanCorp during the 4th quarter worth $184,000. Finally, Deutsche Bank AG lifted its holdings in California BanCorp by 48.9% during the 4th quarter. Deutsche Bank AG now owns 13,802 shares of the company’s stock worth $228,000 after buying an additional 4,530 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analysts Set New Price Targets

BCAL has been the subject of several recent research reports. Wall Street Zen cut shares of California BanCorp from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Stephens upgraded shares of California BanCorp from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus price target of $19.50.

California BanCorp Stock Down 0.2%

BCAL opened at $16.79 on Thursday. California BanCorp has a 12 month low of $11.87 and a 12 month high of $18.49. The company has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $15.07. The stock has a market cap of $546.01 million, a P/E ratio of 19.30 and a beta of 1.21.

About California BanCorp

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.