California BanCorp
CALB

$24.35

0.41%

Market Cap: 206M

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

Financials State Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 4 analysts

–

News positive %

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]

See Fund Rankings

Research analyst outlook

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

Low target

$23

6%

downside

Avg. target

$26

6%

upside

High target

$31

27%

upside

4 analyst ratings

4 positive

100%

0 neutral

0%

0 negative

0%

Keefe, Bruyette & Woods Wood Lay	6%downside $23	Outperform Maintained	6 May 2024
Truist Securities Nathan Race	7%upside $26	Overweight Reiterated	6 May 2024
DA Davidson Gary Tenner	27%upside $31	Buy Maintained	1 May 2024
Keefe, Bruyette & Woods Wood Lay	3%downside $23.5	Outperform Maintained	5 Apr 2024

See Analyst Rankings

Financial journalist opinion

SHAREHOLDER ALERT: The M&A Class Action Investigates the Merger and Upcoming Vote on July 17, 2024, of California BanCorp - CALB

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 California BanCorp (NASDAQ: CALB ), relating to its proposed merger with Southern California Bancorp.

SHAREHOLDER ALERT: The M&A Class Action Investigates the Merger and Upcoming Vote on July 17, 2024, of California BanCorp - CALB

URGENT ALERT: The M&A Class Action Investigates the Merger and Upcoming Vote on July 17, 2024, of California BanCorp - CALB

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 California BanCorp (NASDAQ: CALB ), relating to its proposed merger with Southern California Bancorp.

URGENT ALERT: The M&A Class Action Investigates the Merger and Upcoming Vote on July 17, 2024, of California BanCorp - CALB

Zacks Investment Research

New Strong Sell Stocks for June 6th

ADNT, CALB and CTRE have been added to the Zacks Rank #5 (Strong Sell) List on June 6, 2024.

New Strong Sell Stocks for June 6th

Zacks Investment Research

New Strong Sell Stocks for May 23rd

BABA, CALB and FSRL have been added to the Zacks Rank #5 (Strong Sell) List on May 23, 2024.

New Strong Sell Stocks for May 23rd

Southern California Bancorp and California Bancorp Announce Receipt of Regulatory Approval for Merger of Equals

SAN DIEGO and OAKLAND, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (Nasdaq: BCAL) and California BanCorp (Nasdaq: CALB) announce they have received required regulatory approvals from the Office of the Comptroller of the Currency and the Federal Reserve Bank of San Francisco necessary to complete their previously announced merger of equals between the two bank holding companies and their respective subsidiaries, Bank of Southern California, N.A., and California Bank of Commerce. Under the terms of the agreement, dated January 30, 2024, California BanCorp will merge with and into Southern California Bancorp. The consummation of the proposed transaction is expected to close in the third quarter of 2024, subject to the satisfaction of the remaining closing conditions set forth in the merger agreement, including receipt of the requisite shareholder approvals.

Southern California Bancorp and California Bancorp Announce Receipt of Regulatory Approval for Merger of Equals

CALIFORNIA BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of California BanCorp - CALB

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of California BanCorp (the “Company”) (NasdaqGS: CALB) to Southern California Bancorp (“SCB”) (NasdaqCM: BCAL). Under the terms of the proposed transaction, shareholders of California BanCorp will receive 1.590 shares of SCB for each share of California BanCorp that they own. KSF is seeking to determine whether t.

CALIFORNIA BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of California BanCorp - CALB

Zacks Investment Research

California Bank of Commerce (CALB) Tops Q1 Earnings Estimates

California Bank of Commerce (CALB) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.64 per share a year ago.

California Bank of Commerce (CALB) Tops Q1 Earnings Estimates

California BanCorp Reports Financial Results for the First Quarter Ended March 31, 2024

OAKLAND, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB) (the “Company”), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ended March 31, 2024.

California BanCorp Reports Financial Results for the First Quarter Ended March 31, 2024

Zacks Investment Research

Analysts Estimate California Bank of Commerce (CALB) to Report a Decline in Earnings: What to Look Out for

California Bank of Commerce (CALB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate California Bank of Commerce (CALB) to Report a Decline in Earnings: What to Look Out for

CALIFORNIA BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of California BanCorp - CALB

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of California BanCorp (the “Company”) (NasdaqGS: CALB) to Southern California Bancorp (“SCB”) (NasdaqCM: BCAL). Under the terms of the proposed transaction, shareholders of California BanCorp will receive 1.590 shares of SCB for each share of California BanCorp that they own. KSF is seeking to determine whether t.

CALIFORNIA BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of California BanCorp - CALB

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