114,000 Shares in Southern California Bancorp (NASDAQ:BCAL) Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. acquired a new stake in Southern California Bancorp (NASDAQ:BCAL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 114,000 shares of the company’s stock, valued at approximately $1,700,000. Hennessy Advisors Inc. owned approximately 0.62% of Southern California Bancorp at the end of the most recent reporting period.

Separately, Mendon Capital Advisors Corp bought a new position in shares of Southern California Bancorp in the 4th quarter valued at about $375,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Southern California Bancorp Price Performance

BCAL stock traded up $0.14 during midday trading on Friday, reaching $13.33. 75,487 shares of the company were exchanged, compared to its average volume of 40,390. Southern California Bancorp has a one year low of $12.30 and a one year high of $18.00. The firm has a market capitalization of $247.14 million and a price-to-earnings ratio of 11.10. The business has a 50-day moving average price of $13.74 and a two-hundred day moving average price of $15.07.

Southern California Bancorp (NASDAQ:BCAL) last announced its earnings results on Monday, April 29th. The company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $10.77 million for the quarter. Southern California Bancorp had a return on equity of 8.18% and a net margin of 17.56%. As a group, analysts anticipate that Southern California Bancorp will post 1.19 earnings per share for the current fiscal year.

Southern California Bancorp 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.