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

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

Southern California Bancorp Trading Up 0.3 %

Southern California Bancorp stock traded up $0.04 during midday trading on Friday, reaching $14.14. The stock had a trading volume of 12,717 shares, compared to its average volume of 28,572. Southern California Bancorp has a 12 month low of $12.16 and a 12 month high of $18.00. The company has a market capitalization of $262.01 million and a P/E ratio of 10.17. The company has a fifty day moving average price of $14.78 and a two-hundred day moving average price of $15.31.

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

Institutional Trading of Southern California Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCAL. Hennessy Advisors Inc. bought a new stake in Southern California Bancorp during the 1st quarter worth approximately $1,700,000. Eclectic Associates Inc. ADV purchased a new position in shares of Southern California Bancorp in the 3rd quarter worth approximately $1,015,000. Mendon Capital Advisors Corp purchased a new position in shares of Southern California Bancorp in the 4th quarter worth approximately $375,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in Southern California Bancorp in the first quarter valued at approximately $159,000. 55.40% of the stock is owned by institutional investors.

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.