California BanCorp (BCAL) To Go Ex-Dividend on March 24th

California BanCorp (NASDAQ:BCAL) announced a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.10 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

California BanCorp Trading Down 0.1%

Shares of NASDAQ:BCAL opened at $17.52 on Friday. The company has a market capitalization of $566.25 million, a PE ratio of 9.08 and a beta of 1.17. California BanCorp has a 12-month low of $11.87 and a 12-month high of $20.47. The business’s fifty day simple moving average is $18.51 and its 200-day simple moving average is $18.21.

California BanCorp (NASDAQ:BCAL) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. California BanCorp had a return on equity of 11.51% and a net margin of 26.60%.The firm had revenue of $46.21 million during the quarter, compared to analysts’ expectations of $45.03 million. Research analysts predict that California BanCorp will post 1.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of California BanCorp from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of California BanCorp in a research report on Monday, December 29th. DA Davidson lowered their target price on shares of California BanCorp from $22.50 to $21.50 and set a “buy” rating for the company in a research note on Thursday, January 29th. Finally, Zacks Research lowered shares of California BanCorp from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

California BanCorp Company Profile

California BanCorp (NASDAQ:BCAL) is a bank holding company headquartered in California. Founded to address the diverse financial needs of businesses and individuals across the state, the company focuses on community-oriented banking solutions and operates under a locally based decision-making model.

Through its wholly owned banking subsidiary, California BanCorp offers a suite of deposit products including checking, savings, money market and certificate of deposit accounts. Its lending portfolio encompasses commercial and industrial loans, real estate and construction financing, as well as consumer lending products such as personal loans and home equity lines of credit.

In addition to core deposit and lending services, the company provides treasury and cash management services, online and mobile banking platforms, and merchant payment solutions designed to streamline operations for small to mid-sized enterprises.