California BanCorp (NASDAQ:CALB) Short Interest Update


California BanCorp (NASDAQ:CALB- get rating) was the recipient of a large decline in short interest in the month of February. As of February 15, there was short interest on a total of 2,400 shares, a decrease of 40.0% from the January 31 total of 4,000 shares. Based on an average daily volume of 8,200 shares, the short-term interest rate is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Several institutional investors have recently modified their CALB holdings. Royal Bank of Canada increased its holdings in California BanCorp shares by 276.5% in the second quarter. Royal Bank of Canada now owns 3,283 shares of the company valued at $61,000 after purchasing an additional 2,411 shares during the period. Two Sigma Investments LP acquired a new stake in California BanCorp in the third quarter valued at $177,000. Wasatch Advisors Inc. purchased a new stake in California BanCorp stock during the fourth quarter for $257,000. Two Sigma Advisers LP purchased a new position in California BanCorp stock during the third quarter worth $261,000. Finally, Goldman Sachs Group Inc. bought a new position in California BanCorp shares in the second quarter valued at about $327,000. Institutional investors and hedge funds own 45.45% of the company’s shares.

NASDAQ:CALB shares opened at $22.22 on Friday. The firm has a debt-to-equity ratio of 0.94, a quick ratio of 1.10, and a current ratio of 1.10. California BanCorp has a one year minimum of $16.05 and a one year maximum of $24.00. The company has a 50-day simple moving average of $21.34 and a 200-day simple moving average of $19.35. The stock has a market capitalization of $183.34 million, a price-earnings ratio of 13.80, and a beta of 1.16.

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California BanCorp (NASDAQ:CALB- get rating) last published its quarterly earnings data on Thursday, January 27. The company reported earnings of $0.38 per share for the quarter. California BanCorp had a return on equity of 9.32% and a net margin of 20.42%. The company had revenue of $14.96 million during the quarter.

California BanCorp Company Profile (get rating)

California BanCorp is a holding company dedicated to providing banking and financial solutions. It offers deposits, loans, cash management, international banking, as well as real estate mortgages, real estate construction, commercial and installment loans. The company was founded on March 31, 2017 and is headquartered in Oakland, CA.

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