California BanCorp to Issue Quarterly Dividend of $0.10 (NASDAQ:BCAL)

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

California BanCorp Trading Up 0.6%

NASDAQ:BCAL opened at $17.54 on Friday. The company has a market cap of $566.89 million, a price-to-earnings ratio of 9.09 and a beta of 1.17. The stock has a fifty day simple moving average of $18.53 and a 200-day simple moving average of $18.20. California BanCorp has a twelve month low of $11.87 and a twelve month high of $20.47.

California BanCorp (NASDAQ:BCAL) last issued its earnings results on Wednesday, January 28th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $45.90 million for the quarter, compared to analyst estimates of $45.03 million. California BanCorp had a return on equity of 11.51% and a net margin of 26.60%. As a group, equities research analysts predict that California BanCorp will post 1.81 EPS for the current fiscal year.

Analyst Ratings Changes

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