CALB stock icon

California BanCorp
CALB

$20.68
1.37%
 

About: California Bancorp is a holding company for California Bank of Commerce. The company predominantly serves business and professional corporations with a variety of business-focused financial services. Some of the products and services that the bank offers include commercial checking, savings, and money market accounts, certificates of deposit, treasury and cash management services, foreign exchange services, commercial and industrial loans, asset-based loans, loans to dental and veterinary professionals, commercial real estate loans, residential and commercial construction and development loans, online banking, and mobile banking. Majority of the company's business activity is with customers located within the San Francisco Bay Area counties.

Employees: 169

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 4 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

20% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 15

6% more funds holding

Funds holding: 54 [Q4 2023] → 57 (+3) [Q1 2024]

2.94% more ownership

Funds ownership: 57.04% [Q4 2023] → 59.97% (+2.94%) [Q1 2024]

6% less capital invested

Capital invested by funds: $119M [Q4 2023] → $112M (-$6.95M) [Q1 2024]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$23
11%
upside
Avg. target
$26
25%
upside
High target
$31
50%
upside

4 analyst ratings

positive
100%
neutral
0%
negative
0%
Keefe, Bruyette & Woods
Wood Lay
11%upside
$23
Outperform
Maintained
6 May 2024
Truist Securities
Nathan Race
26%upside
$26
Overweight
Reiterated
6 May 2024
DA Davidson
Gary Tenner
50%upside
$31
Buy
Maintained
1 May 2024
Keefe, Bruyette & Woods
Wood Lay
14%upside
$23.5
Outperform
Maintained
5 Apr 2024

Financial journalist opinion

Based on 3 articles about CALB published over the past 30 days