Southern California Bancorp Expands Share Repurchase Program

An update from Southern California Bancorp ( (BCAL) ) is now available.

On May 1, 2025, California BanCorp announced an increase in its share repurchase program, authorizing the repurchase of up to 1.6 million shares of its common stock, a significant rise from the initial 550,000 shares announced in June 2023. This move, aimed at enhancing shareholder value, reflects the company’s strong financial position and commitment to its strategic banking approach. Additionally, the company plans to redeem $18 million of its subordinated notes issued in 2020, further demonstrating its financial strength and flexibility.

Spark’s Take on BCAL Stock

According to Spark, TipRanks’ AI Analyst, BCAL is a Neutral.

Southern California Bancorp faces challenges with profitability and cash flow, which weigh heavily on its overall score. The technical analysis indicates bearish momentum, and a high P/E ratio suggests overvaluation. Although the balance sheet is strong and recent corporate events are positive, these negative factors significantly impact the stock’s attractiveness.

To see Spark’s full report on BCAL stock, click here.

More about Southern California Bancorp

California BanCorp is a registered bank holding company headquartered in San Diego, California, operating through its wholly owned subsidiary, California Bank of Commerce, N.A. The bank provides a range of financial products and services to individuals, professionals, and small to medium-sized businesses across California through its 14 branch offices and four loan production offices. Established in 2001, the bank emphasizes a solutions-driven, relationship-based approach to banking.

YTD Price Performance: -14.14%

Average Trading Volume: 111,197

Technical Sentiment Signal: Buy

Current Market Cap: $452.7M

Find detailed analytics on BCAL stock on TipRanks’ Stock Analysis page.