Financial Services -
Banks - Regional - NASDAQ - US
$ 16.89
3.62 %
$ 543 M
Market Cap
-58.24
P/E
1. INTRINSIC VALUE
Balance Sheet
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 | 30 M |
| Other Non-Current Liabilities | 671 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
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
BCAL does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Southern California Bancorp
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
144 K USD 1
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 |
|---|---|---|---|---|
|
5 months ago
Aug 20, 2024
|
Sell 144 K
USD
|
Machado Lester
Director
|
- 10000
|
14.3721 USD |
7. News
Down -7.87% in 4 Weeks, Here's Why You Should You Buy the Dip in California BanCorp (BCAL)
The heavy selling pressure might have exhausted for California BanCorp (BCAL) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
zacks.com
- 4 weeks ago
Ignore The Market, Rexford Industrial Is A Diamond In The Rough
REXR faces a challenging year with a 28.6% YTD decline, driven by deteriorating Southern California industrial market fundamentals. Despite common shares plummeting, REXR's preferred shares and bonds remain stable with strong cash flow and a conservative balance sheet. The Southern California market shows high vacancy rates and declining rents, but geographic constraints and infrastructure activity offer long-term recovery potential.
seekingalpha.com
- 1 month ago
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 months 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
- 3 months 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
- 4 months 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
- 6 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
- 6 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
- 6 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
- 6 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
- 6 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
- 7 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
- 8 months ago
8. Profile
Summary
Southern California Bancorp BCAL
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 543 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. Jeffery T. Hurtik
Executive Vice President & Chief Information Officer
Ms. Joann Yeung
Principal Accounting Officer
Mr. Steven E. Shelton
Chief Executive Officer & Director
Ms. Michele M. Wirfel
Executive Vice President & Chief Operating Officer
Mr. Martin Liska
Executive Vice President & Chief Risk Officer
Mr. David I. Rainer
Executive Chairman
Mr. Richard Hernandez
President
Ms. Manisha K. Merchant
Executive Vice President, General Counsel & Corporate Secretary
Mr. Christopher D. Maggio
Senior Vice President & Credit Team Manager