California BanCorp (CALB)

NASDAQ: CALB · IEX Real-Time Price · USD
20.10
+0.27 (1.36%)
Sep 29, 2023, 4:30 PM EDT - Market closed
1.36%
Market Cap 168.54M
Revenue (ttm) 80.61M
Net Income (ttm) 24.08M
Shares Out 8.38M
EPS (ttm) 2.86
PE Ratio 7.03
Forward PE 8.39
Dividend n/a
Ex-Dividend Date n/a
Volume 28,740
Open 20.00
Previous Close 19.83
Day's Range 19.95 - 20.40
52-Week Range 12.78 - 26.17
Beta 1.03
Analysts Strong Buy
Price Target 24.00 (+19.4%)
Earnings Date Oct 26, 2023

About CALB

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 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; co... [Read more]

Sector Financials
Founded 2007
Employees 157
Stock Exchange NASDAQ
Ticker Symbol CALB
Full Company Profile

Financial Performance

In 2022, CALB's revenue was $74.57 million, an increase of 26.61% compared to the previous year's $58.90 million. Earnings were $21.11 million, an increase of 57.90%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CALB stock is "Strong Buy." The 12-month stock price forecast is $24.0, which is an increase of 19.40% from the latest price.

Price Target
$24.0
(19.40% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

California BanCorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023

OAKLAND, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the second quarter and ...

2 months ago - GlobeNewsWire

California BanCorp Reports Financial Results for the First Quarter Ended March 31, 2023

OAKLAND, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ende...

5 months ago - GlobeNewsWire

Southern California Bancorp Announces the Filing of Form 10 With the U.S. Securities and Exchange Commission

SAN DIEGO--(BUSINESS WIRE)-- #banksocal--SOUTHERN CALIFORNIA BANCORP ANNOUNCES THE FILING OF FORM 10 WITH THE U.S.

6 months ago - Business Wire

California BanCorp Appoints Theodore A. Wilm to Board of Directors

OAKLAND, Calif., March 21, 2023 (GLOBE NEWSWIRE) -- California BanCorp (the “Company”) (Nasdaq: CALB), the parent company of California Bank of Commerce (the “Bank”), today announced that Theodore A. ...

6 months ago - GlobeNewsWire

California BanCorp Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2022

OAKLAND, Calif., Jan. 26, 2023 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the fourth quarter and ...

8 months ago - GlobeNewsWire

California Bank of Commerce Creates New Specialty Banking Division

Offering realigns, rebrands and expands existing lines of business with broader and deeper lending capabilities and expertise Offering realigns, rebrands and expands existing lines of business with br...

11 months ago - GlobeNewsWire

California BanCorp Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2022

OAKLAND, Calif., Oct. 27, 2022 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the third quarter and n...

1 year ago - GlobeNewsWire

California BanCorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2022

OAKLAND, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the second quarter and ...

1 year ago - GlobeNewsWire

Thomas A. Sa Appointed President of California BanCorp and California Bank of Commerce

OAKLAND, Calif., May 02, 2022 (GLOBE NEWSWIRE) -- California BanCorp (the “Company”) (Nasdaq: CALB), the parent company of California Bank of Commerce (the “Bank”), today announced that Thomas A. Sa h...

1 year ago - GlobeNewsWire

California BanCorp Reports Financial Results for the First Quarter Ended March 31, 2022

OAKLAND, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ende...

1 year ago - GlobeNewsWire

California BanCorp Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2021

OAKLAND, Calif., Jan. 27, 2022 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the fourth quarter and ...

1 year ago - GlobeNewsWire

California BanCorp Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2021

OAKLAND, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the third quarter and n...

2 years ago - GlobeNewsWire

California BanCorp Announces Completion of $35 Million Subordinated Debt Offering

OAKLAND, Calif., Aug. 17, 2021 (GLOBE NEWSWIRE) -- California BanCorp (the “Company”) (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, today announced that it has completed a private p...

2 years ago - GlobeNewsWire

California BanCorp Appoints Millicent Tracey to Board of Directors

OAKLAND, Calif., July 30, 2021 (GLOBE NEWSWIRE) -- California BanCorp (the “Company”) (Nasdaq: CALB), the parent company of California Bank of Commerce (the “Bank”), today announced that Millicent C. ...

2 years ago - GlobeNewsWire

California BanCorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2021

OAKLAND, Calif., July 29, 2021 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the second quarter and ...

2 years ago - GlobeNewsWire

California BanCorp Reports Financial Results for the First Quarter Ended March 31, 2021

OAKLAND, Calif., April 30, 2021 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ende...

2 years ago - GlobeNewsWire

California BanCorp Appoints Julie Levenson to Board of Directors

OAKLAND, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) -- California BanCorp (the “Company”) (Nasdaq: CALB), the parent company of California Bank of Commerce (the “Bank”), today announced that Julie J. Leve...

2 years ago - GlobeNewsWire

Southern California Bancorp Reports Financial Results for the Fourth Quarter and Full Year 2020

SAN DIEGO--(BUSINESS WIRE)-- #banksocal--Southern California Bancorp Reports Financial Results for the Fourth Quarter and Full Year 2020

2 years ago - Business Wire

California BanCorp Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2020

OAKLAND, Calif., Jan. 28, 2021 (GLOBE NEWSWIRE) -- California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the fourth quarter and ...

2 years ago - GlobeNewsWire

Lindsey Fudge Joins California Bank of Commerce as Senior Relationship Manager

SACRAMENTO, Calif., Jan. 11, 2021 (GLOBE NEWSWIRE) -- California Bank of Commerce (CBC) is expanding its Sacramento team with the addition of Lindsey Fudge as a Senior Relationship Manager specializin...

2 years ago - GlobeNewsWire