California BanCorp (NASDAQ: CALB – Get a rating) saw a significant decline in short-term interest in April. As of April 15, there was short interest totaling 2,000 shares, down 28.6% from the March 31 total of 2,800 shares. Based on an average trading volume of 9,200 shares, the short-term interest rate ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Shares of CALB Action held steady at $21.75 during Monday’s trading. The stock had a trading volume of 1,500 shares, compared to an average volume of 8,293. The stock has a 50-day moving average price of $22.43. California BanCorp has a 52 week minimum of $16.98 and a 52 week maximum of $24.00. The company has a market capitalization of $179.89 million, a P/E ratio of 12.72 and a beta of 1.16. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt ratio of 1.06.

California BanCorp (NASDAQ: CALB – Get a rating) last released its quarterly results on Thursday, April 28. The company reported EPS of $0.44 for the quarter, beating the Zacks consensus estimate of $0.42 by $0.02. California BanCorp had a return on equity of 9.67% and a net margin of 20.94%.

Hedge funds have recently changed their stock holdings. Royal Bank of Canada increased its position in shares of California BanCorp by 276.5% in the second quarter. Royal Bank of Canada now owns 3,283 shares of the company worth $61,000 after buying 2,411 more shares last quarter. Two Sigma Investments LP bought a new position in shares of California BanCorp in the third quarter worth about $177,000. Wasatch Advisors Inc. bought a new stake in shares of California BanCorp in the 4th quarter for a value of approximately $257,000. Two Sigma Advisers LP purchased a new stake in California BanCorp stock in Q3 for approximately $261,000. Finally, Morgan Stanley increased its position in California BanCorp shares by 34.9% in the second quarter. Morgan Stanley now owns 24,387 shares of the company worth $457,000 after buying 6,314 more shares in the last quarter. Institutional investors hold 52.52% of the company’s shares.

About California BanCorp (Get a rating)

California BanCorp operates as a bank holding company for California Bank of Commerce which provides commercial banking services in California. It accepts various deposit products, including business checks, savings and money market accounts, and certificates of deposit. The company also offers asset-based loans; standby letters of credit; construction and development loans; real estate loans, such as commercial real estate loans and other loans; Small Business Administration (SBA) loans, including SBA 7(a) and SBA 504 loans; consumer loans, such as secured and unsecured installment loans and revolving lines of credit; and commercial and industrial loans, including term loans, working capital, accounts receivable and inventory financing, and other commercial loans to the dental and veterinary industries, entrepreneurs and emerging businesses.

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