Destination Wealth Management Acquires Shares of 36,566 Southern California Bancorp (NASDAQ:BCAL)

Destination Wealth Management bought a new position in Southern California Bancorp (NASDAQ:BCAL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,566 shares of the company’s stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Southern California Bancorp in the third quarter worth about $123,000. Empowered Funds LLC bought a new position in Southern California Bancorp during the 3rd quarter worth approximately $160,000. Rhumbline Advisers acquired a new position in shares of Southern California Bancorp in the 2nd quarter worth approximately $166,000. Creekside Partners bought a new stake in shares of Southern California Bancorp in the 3rd quarter valued at approximately $190,000. Finally, Jane Street Group LLC acquired a new stake in shares of Southern California Bancorp during the 3rd quarter valued at approximately $202,000. Institutional investors own 55.40% of the company’s stock.

Southern California Bancorp Stock Performance

Shares of BCAL opened at $17.74 on Friday. Southern California Bancorp has a 12-month low of $12.30 and a 12-month high of $18.49. The business’s fifty day moving average price is $16.03 and its 200 day moving average price is $14.86.

Southern California Bancorp Profile

Southern California Bancorp operates as the holding company for Bank of Southern California, N.A. that provides various financial products to individuals, professionals, and small-to medium-sized businesses. The company offers checking, personal and business savings, and money market accounts, as well as certificates of deposit.