CALB Company Profile and Key Details

Q: Who are the executives of CALB?

Mr. Kevin KnoxSenior Vice President of CBC Bus. Credit & Relationship Mang.Ms. Jamie SmithExecutive Vice President of Dental DivisionMr. Thomas M. ParkSenior Executive Vice PresidentMr. John E. LindstedtSenior Executive Vice PresidentMr. John LehmanSenior Vice President of Operations & ComplianceMs. Amy C. EflandSenior Vice President, Relationship Mang. & Sales Mang. of CBC Bus. Credit - South BayMr. Steven NelsonSenior Vice President of HRMs. Vivian Z. MuiSenior EVice President & Chief Credit Officer of California Bank of CommerceMr. Thomas M. DorranceSenior EVice President & Chief Technology Officer of California Bank of CommerceMr. Denny RuddSenior Vice President & North State Market Mang.Mr. Steven E. SheltonChief Executive Officer & DirectorMs. Michele M. WirfelSenior EVice President & Chief Banking Officer at California Bank of CommerceMr. Thomas A. Sa CPAPres, Chief Financial Officer & Chief Operating OfficerMr. Scott Alexander MyersSenior EVice President & Chief Lending Officer of California Bank of Commerce

NASDAQ : CALB

California BanCorp

$25.09

0.26+1.05%

At Close 4:00 PM

Not Actively Trading

73.15

B+ESG ScoreESG Rating

Profile Key Stats Analyst Ratings Ownership Ratios Financials Dividend & splits Sentiment Forecast

Price Chart

Stock Price Today

California BanCorp (CALB) stock surged +1.05%, trading at $25.09 on NASDAQ, up from the previous close of $24.83. The stock opened at $24.98, fluctuating between $24.97 and $25.49 in the recent session.

Stock Snapshot

24.83

Prev. Close

212.56M

Market Cap

24.97

Day Low

24.359223300970875

P/E Ratio

1.03

EPS (TTM)

3.35

Cash Flow per Share

24.98

Open

8.47M

Number of Shares

25.49

Day High

74.39%

Free Float in %

23.39

Book Value

122.79K

Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing Date	Accepted Date

Annual Report (10-k)

Filing Date	Accepted Date

Stock Price History Chart

Date	Open	High	Low	Close	Volume
Aug 01, 2024	25.09	25.09	25.09	25.09	0
Jul 31, 2024	24.69	25.49	24.69	25.09	122.91K
Jul 30, 2024	24.09	24.84	24.09	24.83	51.62K
Jul 29, 2024	23.68	24.08	23.43	24.06	46.76K
Jul 26, 2024	24.74	24.74	24.23	24.35	26.69K
Jul 25, 2024	23.97	24.37	23.88	24.25	33.22K
Jul 24, 2024	23.47	23.94	23.47	23.73	55.13K
Jul 23, 2024	23.59	23.80	23.59	23.72	69.74K
Jul 22, 2024	23.43	23.66	23.35	23.57	46.38K
Jul 19, 2024	23.47	23.77	23.12	23.56	35.09K
Jul 18, 2024	23.89	24.32	23.37	23.43	50.93K
Jul 17, 2024	23.01	23.88	23.00	23.58	44.65K
Jul 16, 2024	22.83	23.54	22.83	23.36	55.32K
Jul 15, 2024	22.48	23.06	22.29	22.85	54.08K
Jul 12, 2024	22.38	22.49	22.09	22.16	33.71K
Jul 11, 2024	21.84	22.57	21.83	22.28	45.31K
Jul 10, 2024	21.71	21.74	21.50	21.73	15.89K
Jul 09, 2024	21.58	21.60	21.47	21.59	20.21K
Jul 08, 2024	21.20	21.53	21.05	21.45	29.46K
Jul 05, 2024	21.38	21.67	20.94	20.99	48.78K

Contact Details

Oakland, CA 94612-1427

United States

https://www.californiabankofcommerce.com 510 457 3737

About Company

California BanCorp operates as the bank holding company for California Bank of Commerce that provides commercial banking services in California. It accepts various deposit products, including commercial checking, savings, and money market accounts, as well as certificates of deposit. The company also offers asset-based lending 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 business loans to the dental and veterinary industries, contractors, and emerging companies. In addition, it provides foreign exchange, treasury and cash management, and online and mobile banking services. The company has a full-service branch in California located in Contra Costa County, California; and 4 loan production offices in Alameda, Contra Costa, Sacramento, and Santa Clara. California BanCorp was incorporated in 2007 and is headquartered in Oakland, California.

Stock Peers

FCNCA

-14.72-0.71%

First Citizens BancShares, Inc.$2,045.30 HIFS

3.56+1.14%

Hingham Institution for Savings$316.27 CATC

Cambridge Bancorp$220.00 WTFC

-1.6-1.03%

Wintrust Financial Corporation$153.49 BPOP

-2.03-1.39%

Popular, Inc.$143.85 BFC

-2.45-1.70%

Bank First Corporation$141.87 BOKF

0.73+0.55%

BOK Financial Corporation$133.51 UMBF

-1.74-1.36%

UMB Financial Corporation$126.12 CHCO

-0.09-0.07%

City Holding Company$124.68 NBN

-0.22-0.19%

Northeast Bank$116.82

Company Overview

California BanCorp (NASDAQ:CALB) closed at $25.09 USD, gaining $0.26 (1.05%) from the previous close of $24.83. The stock is currently mid-range between its 52-week high and low $18.31 and $27.82. With a market capitalization of about $212.56 million, California BanCorp is classified as a micro-cap and shows market-like volatility (beta ~0.95). Key stats such as the average daily volume over the past year has been around 53.29 thousand shares, trading with heavier-than-usual volume. Headquartered in Oakland, CA, California BanCorp operates in the Financial Services sector and the Banks - Regional industry. Led by CEO Steven E. Shelton, the company employs approximately 169 people and listed since February 07, 2018. California BanCorp operates as the bank holding company for California Bank of Commerce that provides commercial banking services in California.

Technical Performance

CALB has shown sold momentum, gaining 3.46% over the past week and 16.54% over the past quarter, though year-to-date performance is up 1.33%. Short-term trend indicators are mixed aligned (SMA20 8.59%, SMA50 13.84%, SMA200 11.18%). The stock’s 14-day RSI is 77.55 (overbought), while the ATR of 0.62 points to higher daily volatility. The stock remains hovering near 52-week lows, trading -9.81% below its high and over 39.0% above its low.

Valuation Metrics

California BanCorp trades at a P/E ratio of 9.71, slightly below the S&P 500 average, with a price-to-sales ratio of 1.86 and a price-to-book ratio of 1.07 suggesting the stock is closer to book value. The P/FCF stands at 7.57, also below market averages.

Dividend & Fair Value

California BanCorp last paid a dividend of 0 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $61.15. This means the shares are trading below this model’s fair value.

Earnings & Analyst Outlook

California BanCorp generated EPS of $1.02 over the past year. Five-year average earnings growth is 16.54%. The latest quarter delivered EPS of -$0.68. The next quarter is forecast at $nan. Next year's EPS is expected at -$9.57. California BanCorp earnings surprise history is a mixed track record. The quarter that ended July 29, 2024, missed forecasts by -230.77%. The prior quarter beat by 3.64%. Over the last six quarters, Apple has recorded several small beats. These include -4.48% in April 26, 2023.

Shareholding & Insider Activity

California BanCorp has 8.47 million shares outstanding. The public float is 6.30 million shares, elevated short interest at 2.19% of float. This equals 168.63 thousand shares. The short ratio is 1.97 days. Institutional investors hold 66.8% of the float. Insiders own 9.3%. Cortese Stephen A. holds 229.42 thousand shares, Armanino Andrew J. has 123.79 thousand shares and Shelton Steven E. has 61.72 thousand shares.

Financial & Profitability Overview

Over the trailing twelve months, California BanCorp generated $114.09M in revenue, or $13.50 per share. Gross margin was 100.00%, operating margin 91.18%, and net profit margin 18.96%. Returns are modest, with ROA at 1.09% and ROE at 11.01%.
On valuation metrics, California BanCorp trades at a P/E of 9.71, P/S of 1.86 and P/B of 1.07. Liquidity is tight, with a current ratio of 0.22 and quick ratio of 0.22. Debt-to-equity is 0.71, supported by a cash flow-to-debt ratio of 0.20.

Quarterly Financial Highlights

For the quarter ended Dec 31, 2023, California BanCorp posted revenue of $114.09M, down slightly from $78.35M in the prior quarter. Gross profit was $114.09M (margin 100.00%). Operating income was $104.02M (margin 91.2%). Net income was$21.63M (EPS $2.58).
The company ended the quarter with - $27.52M in cash and short-term investments, a total debt of $139.88M, and net debt of $112.36M. Total assets were $1.99B, with equity of $196.46M. Financials further reflected stability, with operating cash flow of $28.20M, free cash flow of $28.07M, and capital expenditures of - $125.00K.

Price Forecast & Outlook

Our AI price prediction model suggests that California BanCorp stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 7.65%, with price expected at $27.01 by August 15, 2024, within a range of $26.50 to $27.51 3-Month Outlook: Projected fall of -9.41%, reaching $22.73 by October 30, 2024, with a range of $19.83 to $25.02. 1-Year Outlook: Projected gain of 6.14%, with price at $26.63 by August 01, 2025, within a range of $25.56 to $27.44.

Key Takeaways

California BanCorp (NASDAQ:CALB) shares are flat 1.33% year-to-date currently trading near 52-week highs band. Short-term momentum has been positive over the last quarter, despite recent volatility. Valuation shows California BanCorp trading at a premium to the broader market with a P/E of 9.71. Analyst sentiment is bullish, with the majority of ratings in Outperform territory and a mean price target of $26.25, suggesting 4.62% upside. Our AI forecast model points to short-term strength (7.65% over two weeks), a medium-term fall (-9.41% over three months), and a longer-term gain (6.14% over one year), with expected trading ranges indicating moderate volatility.

Frequently Asked Questions

What is the current California BanCorp (CALB) stock price?

California BanCorp (NASDAQ: CALB) stock price is $25.09 in the last trading session. During the trading session, CALB stock reached the peak price of $25.49 while $24.97 was the lowest point it dropped to. The percentage change in CALB stock occurred in the recent session was 1.05% while the dollar amount for the price change in CALB stock was $0.26.

CALB's industry and sector of operation?

The NASDAQ listed CALB is part of Banks - Regional industry that operates in the broader Financial Services sector. California BanCorp designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Who are the executives of CALB?

Mr. Kevin Knox
Senior Vice President of CBC Bus. Credit & Relationship Mang.
Ms. Jamie Smith
Executive Vice President of Dental Division
Mr. Thomas M. Park
Senior Executive Vice President
Mr. John E. Lindstedt
Senior Executive Vice President
Mr. John Lehman
Senior Vice President of Operations & Compliance
Ms. Amy C. Efland
Senior Vice President, Relationship Mang. & Sales Mang. of CBC Bus. Credit - South Bay
Mr. Steven Nelson
Senior Vice President of HR
Ms. Vivian Z. Mui
Senior EVice President & Chief Credit Officer of California Bank of Commerce
Mr. Thomas M. Dorrance
Senior EVice President & Chief Technology Officer of California Bank of Commerce
Mr. Denny Rudd
Senior Vice President & North State Market Mang.
Mr. Steven E. Shelton
Chief Executive Officer & Director
Ms. Michele M. Wirfel
Senior EVice President & Chief Banking Officer at California Bank of Commerce
Mr. Thomas A. Sa CPA
Pres, Chief Financial Officer & Chief Operating Officer
Mr. Scott Alexander Myers
Senior EVice President & Chief Lending Officer of California Bank of Commerce

How CALB did perform over past 52-week?

CALB's closing price is 37.03% higher than its 52-week low of $18.31 where as its distance from 52-week high of $27.82 is -9.81%.

How many employees does CALB have?

Number of CALB employees currently stands at 169.

Link for CALB official website?

Official Website of CALB is: https://www.californiabankofcommerce.com

How do I contact CALB?

CALB could be contacted at phone 510 457 3737 and can also be accessed through its website. CALB operates from 1300 Clay Street, Oakland, CA 94612-1427, United States.

How many shares of CALB are traded daily?

CALB stock volume for the day was 122.79K shares. The average number of CALB shares traded daily for last 3 months was 53.29K.

What is the market cap of CALB currently?

The market value of CALB currently stands at $212.56M with its latest stock price at $25.09 and 8.47M of its shares outstanding.

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Employees	169
Beta	0.95
Sales or Revenue	$114.09M
5Y Sales Change%	1.568%
Fiscal Year Ends	December
Sector	Financial Services
Industry	Banks - Regional

CALB Company Profile and Key Details

California BanCorp

Price Chart

Stock Price Today

Stock Snapshot

Relevant Articles

SEC Fillings

Current Report (8-k)

Annual Report (10-k)

Stock Price History Chart

Contact Details

About Company

Company Information

Stock Peers

Company Overview

Technical Performance

Valuation Metrics

Dividend & Fair Value

Earnings & Analyst Outlook

Shareholding & Insider Activity

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Frequently Asked Questions

Technical Performance

Company Overview

Earnings & Analyst Outlook

Shareholding & Insider Activity

Financial & Profitability Overview

Quarterly Financial Highlights

Dividend & Fair Value

Price Forecast & Outlook

Key Takeaways

Valuation Metrics