Financial Services - Banks - Regional - NASDAQ - US
$ 17.26
-0.346 %
$ 554 M
Market Cap
-59.52
P/E
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. It also provides home equity lines of credit, business loans and lines of credit, commercial real estate and construction loans, small business administration loans, letters of credit, and personal and business credit cards. In addition, the company provides cash vault, sweep accounts, and remote deposit capture services; online and mobile banking services; courier service; lockbox services; and merchant services.[ Read More ]
The intrinsic value of one BCAL stock under the base case scenario is HIDDEN Compared to the current market price of 17.3 USD, Southern California Bancorp is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart BCAL
FINANCIALS
127 M
REVENUE
38.8 M
OPERATING INCOME
25.9 M
NET INCOME
30.5 M
OPERATING CASH FLOW
-76.3 M
INVESTING CASH FLOW
45.9 M
FINANCING CASH FLOW
55.8 M
REVENUE
-7.92 M
OPERATING INCOME
-5.12 M
NET INCOME
-8.36 M
OPERATING CASH FLOW
-77.2 M
INVESTING CASH FLOW
67.6 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Southern California Bancorp
| Current Assets | 257 M |
| Cash & Short-Term Investments | 163 M |
| Receivables | 0 |
| Other Current Assets | 94 M |
| Non-Current Assets | 2.27 B |
| Long-Term Investments | 25.4 M |
| PP&E | 22.6 M |
| Other Non-Current Assets | 2.22 B |
| Current Liabilities | 1.38 B |
| Accounts Payable | 0 |
| Short-Term Debt | 87.7 M |
| Other Current Liabilities | 1.29 B |
| Non-Current Liabilities | 701 M |
| Long-Term Debt | 27.3 M |
| Other Non-Current Liabilities | 674 M |
EFFICIENCY
Earnings Waterfall
Southern California Bancorp
| Revenue | 127 M |
| Cost Of Revenue | 0 |
| Gross Profit | 127 M |
| Operating Expenses | 97.5 M |
| Operating Income | 38.8 M |
| Other Expenses | 12.9 M |
| Net Income | 25.9 M |
RATIOS
100.00%
GROSS MARGIN
30.56%
OPERATING MARGIN
20.42%
NET MARGIN
8.99%
ROE
1.09%
ROA
6.92%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Southern California Bancorp
| Net Income | 25.9 M |
| Depreciation & Amortization | 1.92 M |
| Capital Expenditures | -302 K |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -844 K |
| Others | 2.21 M |
| Free Cash Flow | 30.2 M |
Wall Street Analysts Price Targets
Southern California Bancorp
BCAL has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Southern California Bancorp
Sold
0-3 MONTHS
144 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Aug 20, 2024
|
Sell 144 K USD
|
Machado Lester
Director |
- 10000
|
14.3721 USD |
7. News
California Bank of Commerce Names Jerry Legg Director of Public Sector Banking
San Diego, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- California Bank of Commerce, N.A. (the “Bank”), the wholly owned subsidiary of California BanCorp (Nasdaq: BCAL), announces the appointment of Jerry Legg as Senior Vice President, Director of Public Sector Banking, effective November 12, 2024. Legg will report to Executive Vice President, Specialty Banking Manager Chris Barr and serve out of the Bank's Sacramento office.
globenewswire.com
- 2 days ago
SoCalGas CEO Scott Drury Receives 'Transformative Leader' Award
Media assets here LOS ANGELES , Oct. 10, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) CEO Scott Drury was honored Wednesday with the Shift Diverse Business Solutions (Shift DBS) Transformative Leader Award at their annual Investor-owned Utility Supplier Summit. The event celebrates suppliers in the utility space, bringing together the California Public Utilities Commission (CPUC), prime suppliers, subcontractors, diverse businesses and some of California's utility leaders including San Diego Gas and Electric (SDG&E), Pacific Gas and Electric (PG&E), Southern California Edison (SCE), AT&T and SoCalGas.
prnewswire.com
- 1 month ago
California Bank of Commerce Names Michele Wirfel Chief Operating Officer
San Diego, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- California Bank of Commerce, N.A. (the “Bank”), the wholly owned subsidiary of California BanCorp (the “Company”) (Nasdaq: BCAL), announces the promotion of Michele Wirfel to Executive Vice President, Chief Operating Officer of the Company and Bank as of September 20, 2024. Wirfel succeeds Thomas Sa who has stepped down to pursue opportunities outside the organization. Wirfel will report to Chief Executive Officer Steven Shelton and serve out of the Bank's Walnut Creek office.
globenewswire.com
- 1 month ago
SOUTHERN CALIFORNIA BANCORP AND CALIFORNIA BANCORP COMPLETE MERGER OF EQUALS
San Diego, Calif. and Oakland, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp, the holding company for California Bank of Commerce, announce the successful closing of their previously announced merger of equals. Effective July 31, 2024, California BanCorp has merged with and into Southern California Bancorp, and California Bank of Commerce has merged with and into Bank of Southern California, N.A. The combined holding company has assumed the California BanCorp name, and the combined bank has assumed the California Bank of Commerce, N.A. name. The combined holding company will trade on the Nasdaq Capital Market under the symbol “BCAL.”
globenewswire.com
- 3 months ago
3 Regional Banking Stocks to Sell as Big Banks Grow
Over the last 50 years, the banking industry in the United States has undergone a significant number of changes that have left it more centralized than ever. It has also left them reliant on big banks in the Federal Reserve for most people's active financial management.
investorplace.com
- 3 months ago
URGENT SHAREHOLDER REMINDER: The M&A Class Action Investigates the Merger and Upcoming Vote on July 17, 2024, of Southern California Bancorp - BCAL
NEW YORK , July 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Southern California Bancorp (NASDAQ: BCAL), relating to its proposed merger with California BanCorp. Under the terms of the agreement, Southern California Bancorp shareholders will own approximately 57.1% of outstanding shares of the combined company.
prnewswire.com
- 4 months ago
Bank of Southern California Announces the Hiring of Three Seasoned Commercial Lenders
San Diego, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. (“us,” “we,” “our,” or the “Bank”), the wholly owned subsidiary of Southern California Bancorp (Nasdaq: BCAL), announces it has hired a team of three seasoned commercial lenders. The team includes Ayub Kathrada, named Executive Vice President, Regional Manager; Dayana McAlister, named Senior Vice President, Relationship Manager Team Lead; and Ayaz Dadabhoy, named First Vice President, Portfolio Manager. The team will service the greater Los Angeles region out of the Bank's Cerritos office and report to Executive Vice President Sam Kunianski.
globenewswire.com
- 4 months ago
3 Russell 2000 Stocks to Sell in July Before They Crash & Burn
One of many stock market indexes used to measure performance, the Russell 2000 is composed of 2,000 small-cap companies that make up the bottom two-thirds of the Russell 3000 index. The reason is that the top 1,000 stocks in the Russell 3000 make up 93% of the index's market cap, so focusing on the lower 2,000 allows analysts and investors to judge the movement of the small-cap market more accurately.
investorplace.com
- 4 months ago
URGENT SHAREHOLDER ALERT: The M&A Class Action Investigates the Merger and Upcoming Vote on July 17, 2024, of Southern California Bancorp - BCAL
NEW YORK , June 7, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Southern California Bancorp (NASDAQ: BCAL), relating to its proposed merger with California BanCorp. Under the terms of the agreement, Southern California Bancorp shareholders will own approximately 57.1% of outstanding shares of the combined company.
prnewswire.com
- 5 months ago
City of Hope Awarded $5.4 Million CIRM Grant to Create a Stem Cell Laboratory and Expand Access to State-of-the-Art Disease Models and Technology Among a Diverse Scientific Community
LOS ANGELES--(BUSINESS WIRE)--City of Hope®, one of the largest cancer research and treatment organizations in the United States, has been awarded $5.4 million from the California Institute for Regenerative Medicine (CIRM) to build and fund a stem cell research laboratory on its Duarte, California, campus that will further expand its scientific capabilities. The mission of the unique Stem Cell-Based Disease Modeling Laboratory is two-fold. First, it will advance stem cell-based disease modeling to spur innovation in regenerative medicine. The laboratory leverages City of Hope’s infrastructure and expertise using human cell-derived organoids — a key focus in current efforts to create disease models relevant to understanding biological mechanisms that often lead to new therapies. In particular, the laboratory will supply healthy and cancerous stem cell-based models in brain, heart and breast tissue to the region’s scientists for research. Second, it will stimulate stem cell research in medically underserved communities by increasing scientists’ access to specialized laboratory equipment services, and training and by educating students about regenerative medicine. “Our new laboratory will expand access to state-of-the-art disease models to researchers at City of Hope and our neighboring institutions, enabling them to pursue impactful scientific questions and to accelerate innovation in stem cell therapies,” said program director Nadia Carlesso, Ph.D., City of Hope’s chair of stem cell biology and regenerative medicine. “This will accelerate research in regenerative medicine, benefiting patients and researchers throughout California. We also aim to plant the seed for future careers in regenerative medicine by educating students about the field.” Carlesso’s team will focus on Southern California regions, such as the Inland Empire, which is home to some of the fastest growing, low-income communities that face greater health issues and have access to fewer physicians. “It is important to emphasize that innovative biomedical research flourishes when people with different perspectives, experience and skills are empowered to explore new ideas and to work collaboratively and inclusively,” Carlesso said. “Thus, recruiting, training, retaining and nurturing a workforce representing all dimensions of diversity is critical for the development and implementation of leading-edge therapies that can reach underserved populations.” To this end, a 22-person educational team will educate community physicians, researchers and students on how to use stem cell disease models with the goal of cultivating California’s future workforce in regenerative medicine. These programs will partner with higher education institutes in the Inland Empire and with K‑12 school districts in Duarte, Monrovia, Charter Oak and Azusa, as well as provide hands-on training to undergraduate/graduate students, postdoctoral fellows, researchers and others. “We are eager to introduce more people to the exciting world of stem cell research and shape their vision for future jobs in science,” said co-program director John Termini, Ph.D., professor of cancer biology and molecular medicine at City of Hope. “Our workshops will explore how to apply the field’s techniques and examine diverse approaches to solving medical problems.” “Long-term activities supported by the laboratory will accelerate research in regenerative medicine, benefiting patients and researchers throughout California,” said Carlesso, who is also associate director of basic research at the Gehr Family Center for Leukemia Research at Beckman Research Institute of City of Hope. Led by Carlesso and Termini, the laboratory team includes Michael Barish, Ph.D., professor of stem cell biology and regenerative medicine; Mark LaBarge, Ph.D., professor of population sciences; June-Wha Rhee, M.D., assistant professor of cardiology; and Yanhong Shi, Ph.D., chair of neurodegenerative diseases and Herbert Horvitz Professor in Neuroscience. The grant to Carlesso’s team adds to the more than $212 million that Beckman Research Institute at City of Hope has received from CIRM to date, indicating the state-funded agency’s support of City of Hope’s long-standing leadership in stem cell-related therapies. As a biomedical institution, City of Hope holds deep expertise in developmental and stem cell biology, resulting in strong clinical programs in bone marrow transplantation, cancer immunotherapy and gene therapy research to correct genetic defects, as well as cell replacement and tissue regeneration strategies to potentially treat diabetes. The Stem Cell-Based Disease Modeling Laboratory will operate in a renovated space that will assemble state-of-the-art instruments and technologies and centralize the generation and establishment of organoid models. It joins a wealth of City of Hope core resources, including Biostatistics & Mathematical Oncology and Gene Editing and Viral Vector cores, to both advance science and train others in subspecialized scientific areas. About City of Hope City of Hope's mission is to make hope a reality for all touched by cancer and diabetes. Founded in 1913, City of Hope has grown into one of the largest cancer research and treatment organizations in the U.S. and one of the leading research centers for diabetes and other life-threatening illnesses. City of Hope research has been the basis for numerous breakthrough cancer medicines, as well as human synthetic insulin and monoclonal antibodies. With an independent, National Cancer Institute-designated comprehensive cancer center at its core, City of Hope brings a uniquely integrated model to patients spanning cancer care, research and development, academics and training, and innovation initiatives. City of Hope’s growing national system includes its Los Angeles campus, a network of clinical care locations across Southern California, a new cancer center in Orange County, California, and cancer treatment centers and outpatient facilities in the Atlanta, Chicago and Phoenix areas. City of Hope’s affiliated group of organizations includes Translational Genomics Research Institute and AccessHopeTM. For more information about City of Hope, follow us on Facebook, X, YouTube, Instagram and LinkedIn.
https://www.businesswire.com
- 5 months ago
Panagora Asset Management Inc. Acquires 2,126 Shares of American Assets Trust, Inc. (NYSE:AAT)
Panagora Asset Management Inc. lifted its holdings in American Assets Trust, Inc. (NYSE:AAT – Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,729 shares of the real estate investment trust’s stock after buying an additional 2,126 shares during the period. Panagora Asset Management Inc. owned about 0.20% of American Assets Trust worth $2,763,000 at the end of the most recent reporting period. Other hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in American Assets Trust during the fourth quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC lifted its position in American Assets Trust by 87.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 856 shares during the last quarter. Quadrant Capital Group LLC lifted its position in American Assets Trust by 265.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,837 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,061 shares during the last quarter. Van ECK Associates Corp boosted its stake in American Assets Trust by 18.2% during the third quarter. Van ECK Associates Corp now owns 6,477 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 998 shares during the period. Finally, abrdn plc purchased a new stake in shares of American Assets Trust in the fourth quarter valued at $206,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Separately, Mizuho reduced their price objective on shares of American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. View Our Latest Report on AAT American Assets Trust Price Performance Shares of AAT stock opened at $22.95 on Monday. The stock has a 50 day moving average price of $21.43 and a 200 day moving average price of $21.53. The firm has a market capitalization of $1.40 billion, a P/E ratio of 25.79 and a beta of 1.25. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.02 and a current ratio of 3.02. American Assets Trust, Inc. has a 52-week low of $17.15 and a 52-week high of $23.92. American Assets Trust (NYSE:AAT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.35). The company had revenue of $110.70 million during the quarter, compared to the consensus estimate of $106.39 million. American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, sell-side analysts predict that American Assets Trust, Inc. will post 2.26 earnings per share for the current year. American Assets Trust Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.335 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.34 annualized dividend and a yield of 5.84%. American Assets Trust’s dividend payout ratio (DPR) is currently 150.56%. American Assets Trust Company Profile (Free Report) American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.
https://www.defenseworld.net
- 5 months ago
Natixis Advisors L.P. Has $321,000 Holdings in American Assets Trust, Inc. (NYSE:AAT)
Natixis Advisors L.P. trimmed its stake in American Assets Trust, Inc. (NYSE:AAT – Free Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,293 shares of the real estate investment trust’s stock after selling 1,351 shares during the period. Natixis Advisors L.P.’s holdings in American Assets Trust were worth $321,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of American Assets Trust by 87.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,838 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 856 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in American Assets Trust by 1.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 56,400 shares of the real estate investment trust’s stock valued at $1,097,000 after buying an additional 900 shares in the last quarter. Van ECK Associates Corp grew its stake in American Assets Trust by 18.2% during the third quarter. Van ECK Associates Corp now owns 6,477 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 998 shares during the last quarter. Swiss National Bank increased its holdings in shares of American Assets Trust by 1.0% during the third quarter. Swiss National Bank now owns 113,400 shares of the real estate investment trust’s stock worth $2,206,000 after buying an additional 1,100 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of American Assets Trust in the fourth quarter valued at approximately $25,000. Institutional investors own 90.43% of the company’s stock. Analyst Ratings Changes Separately, Mizuho decreased their price target on American Assets Trust from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Get Our Latest Stock Report on AAT American Assets Trust Stock Performance American Assets Trust stock opened at $22.95 on Monday. American Assets Trust, Inc. has a 12-month low of $17.15 and a 12-month high of $23.92. The stock has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $21.53. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 25.79 and a beta of 1.25. American Assets Trust (NYSE:AAT – Get Free Report) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.35). The company had revenue of $110.70 million for the quarter, compared to analyst estimates of $106.39 million. American Assets Trust had a return on equity of 4.60% and a net margin of 12.05%. During the same quarter in the previous year, the company posted $0.66 earnings per share. On average, research analysts anticipate that American Assets Trust, Inc. will post 2.26 earnings per share for the current fiscal year. American Assets Trust Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.335 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.34 annualized dividend and a dividend yield of 5.84%. American Assets Trust’s dividend payout ratio (DPR) is currently 150.56%. About American Assets Trust (Free Report) American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.
https://www.defenseworld.net
- 5 months ago
8. Profile Summary
Southern California Bancorp BCAL
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 554 M
Dividend Yield
0.00%
Description
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. It also provides home equity lines of credit, business loans and lines of credit, commercial real estate and construction loans, small business administration loans, letters of credit, and personal and business credit cards. In addition, the company provides cash vault, sweep accounts, and remote deposit capture services; online and mobile banking services; courier service; lockbox services; and merchant services. It operates branches in San Diego, Orange, Ventura, Los Angeles, and Riverside counties, as well as the Inland Empire. The company was founded in 2001 and is headquartered in San Diego, California.
Contact
12265 El Camino Real, San Diego, CA, 92130
https://www.banksocal.com
IPO Date
Nov. 10, 2005
Employees
204
Officers
Mr. Thomas G. Dolan
Executive Vice President & Chief Financial Officer
Mr. Steven E. Shelton
Chief Executive Officer & Director
Ms. Michele M. Wirfel
Executive Vice President & Chief Operating Officer
Ms. Joann Yeung
Principal Accounting Officer
Mr. Christopher D. Maggio
Senior Vice President & Credit Team Manager
Mr. Jeffery T. Hurtik
Executive Vice President & Chief Information Officer
Ms. Manisha K. Merchant
Executive Vice President, General Counsel & Corporate Secretary
Mr. David I. Rainer
Executive Chairman
Mr. Richard Hernandez
President
Mr. Frank D. Di Tomaso Jr.
Executive Director