Creekside Partners Invests $190,000 in Southern California Bancorp (NASDAQ:BCAL)

Creekside Partners bought a new position in Southern California Bancorp (NASDAQ:BCAL) in the 3rd quarter, HoldingsChannel reports. The fund bought 12,839 shares of the company’s stock, valued at approximately $190,000.

Several other hedge funds and other institutional investors have also modified their holdings of BCAL. SG Americas Securities LLC purchased a new stake in shares of Southern California Bancorp during the third quarter worth $123,000. Empowered Funds LLC bought a new position in Southern California Bancorp during the third quarter valued at about $160,000. Rhumbline Advisers bought a new position in Southern California Bancorp during the second quarter valued at about $166,000. Pacific Ridge Capital Partners LLC bought a new position in Southern California Bancorp during the second quarter valued at about $359,000. Finally, ELCO Management Co. LLC raised its holdings in Southern California Bancorp by 25.2% during the second quarter. ELCO Management Co. LLC now owns 26,748 shares of the company’s stock valued at $360,000 after buying an additional 5,380 shares in the last quarter. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Southern California Bancorp Stock Performance

NASDAQ BCAL opened at $17.25 on Thursday. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.00. The stock has a market capitalization of $319.94 million, a PE ratio of -215.00 and a beta of 0.74. The stock has a 50-day simple moving average of $14.95 and a 200 day simple moving average of $14.43.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their price objective on Southern California Bancorp from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd.

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.