Southern California Bancorp (NASDAQ:BCAL) Short Interest Up 47.1% in April

Southern California Bancorp (NASDAQ:BCAL) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 423,600 shares, an increase of 47.1% from the March 31st total of 287,900 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average daily volume of 40,600 shares, the short-interest ratio is presently 10.4 days.

Hedge Funds Weigh In On Southern California Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new position in Southern California Bancorp during the first quarter valued at $1,700,000. Eclectic Associates Inc. ADV purchased a new position in shares of Southern California Bancorp in the third quarter valued at $1,015,000. Mendon Capital Advisors Corp purchased a new position in shares of Southern California Bancorp in the fourth quarter valued at $375,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Southern California Bancorp in the first quarter valued at $159,000. 55.40% of the stock is owned by institutional investors.

Southern California Bancorp Stock Performance

NASDAQ BCAL traded up $0.04 on Friday, hitting $14.14. 12,717 shares of the stock traded hands, compared to its average volume of 28,572. The business’s fifty day moving average is $14.78 and its two-hundred day moving average is $15.31. Southern California Bancorp has a 12 month low of $12.16 and a 12 month high of $18.00. The firm has a market capitalization of $262.01 million and a price-to-earnings ratio of 10.17.

Southern California Bancorp (NASDAQ:BCAL) last announced its quarterly earnings data on Friday, March 15th. The company reported $0.24 earnings per share for the quarter. Southern California Bancorp had a return on equity of 9.35% and a net margin of 20.42%. The business had revenue of $22.46 million during the quarter. Analysts expect that Southern California Bancorp will post 1.42 EPS for the current fiscal 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.