Hennessy Advisors Inc. Reduces Holdings in Southern California Bancorp (NASDAQ:BCAL)

Hennessy Advisors Inc. reduced its position in Southern California Bancorp (NASDAQ:BCAL) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 180,000 shares of the company’s stock after selling 10,000 shares during the quarter. Hennessy Advisors Inc. owned about 0.56% of Southern California Bancorp worth $2,977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BCAL. Barclays PLC raised its position in shares of Southern California Bancorp by 177.3% in the third quarter. Barclays PLC now owns 36,756 shares of the company’s stock valued at $544,000 after buying an additional 23,499 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Southern California Bancorp by 99.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 66,012 shares of the company’s stock valued at $976,000 after acquiring an additional 32,848 shares in the last quarter. Petiole USA ltd raised its holdings in Southern California Bancorp by 130.1% in the 3rd quarter. Petiole USA ltd now owns 195,604 shares of the company’s stock valued at $2,893,000 after acquiring an additional 110,604 shares during the last quarter. MAI Capital Management purchased a new position in Southern California Bancorp in the 3rd quarter worth approximately $801,000. Finally, State Street Corp boosted its holdings in shares of Southern California Bancorp by 113.7% during the 3rd quarter. State Street Corp now owns 305,234 shares of the company’s stock worth $4,514,000 after purchasing an additional 162,381 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Southern California Bancorp Price Performance

BCAL stock opened at $15.17 on Friday. Southern California Bancorp has a 1 year low of $12.30 and a 1 year high of $18.49. The firm has a market capitalization of $488.02 million, a PE ratio of -189.63 and a beta of 1.12. The business has a 50 day simple moving average of $16.90 and a 200-day simple moving average of $15.37.

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.