tiprankstipranks
The Fly

Southern California Bancorp price target raised to $23 from $20 at DA Davidson

Southern California Bancorp price target raised to $23 from $20 at DA Davidson

DA Davidson raised the firm’s price target on Southern California Bancorp (BCAL) to $23 from $20 and keeps a Buy rating on the shares. The company’s Q4 earnings decline was impacted by lower than projected revenue, and higher expenses, though the highlight of the earnings announcement wass the merger with California Bancorp (CALB), the analyst tells investors in a research note. The transaction is attractive strategically and financially, the firm added.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on BCAL:

Questions or Comments about the article? Write to editor@tipranks.com