Short Interest in Southern California Bancorp (NASDAQ:BCAL) Decreases By 10.6%

Southern California Bancorp (NASDAQ:BCAL) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 328,700 shares, a drop of 10.6% from the November 15th total of 367,700 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 68,000 shares, the days-to-cover ratio is currently 4.8 days.

Hedge Funds Weigh In On Southern California Bancorp

Several institutional investors have recently modified their holdings of BCAL. Fourthstone LLC increased its position in shares of Southern California Bancorp by 52.3% during the 3rd quarter. Fourthstone LLC now owns 2,696,523 shares of the company’s stock worth $39,882,000 after purchasing an additional 925,904 shares during the last quarter. Banc Funds Co. LLC boosted its stake in Southern California Bancorp by 288.1% in the 3rd quarter. Banc Funds Co. LLC now owns 1,412,186 shares of the company’s stock valued at $20,886,000 after purchasing an additional 1,048,281 shares during the period. Endeavour Capital Advisors Inc. boosted its stake in Southern California Bancorp by 0.8% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 1,131,513 shares of the company’s stock valued at $15,241,000 after purchasing an additional 8,521 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Southern California Bancorp by 193.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 785,115 shares of the company’s stock valued at $11,612,000 after purchasing an additional 517,217 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Southern California Bancorp by 105.9% in the 3rd quarter. Geode Capital Management LLC now owns 542,147 shares of the company’s stock valued at $8,020,000 after purchasing an additional 278,874 shares during the period. Institutional investors own 55.40% of the company’s stock.

Southern California Bancorp Stock Up 0.6 %

BCAL stock traded up $0.11 during midday trading on Monday, reaching $17.72. The stock had a trading volume of 2,530 shares, compared to its average volume of 62,773. The business has a fifty day simple moving average of $16.10 and a two-hundred day simple moving average of $14.89. The firm has a market cap of $569.96 million, a price-to-earnings ratio of -220.13 and a beta of 1.04. Southern California Bancorp has a twelve month low of $12.30 and a twelve month high of $18.49.

About Southern 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.