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California BanCorp is currently in a long term uptrend where the price is trading 5.6% above its 200 day moving average.
From a valuation standpoint, the stock is 66.9% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.0.
California BanCorp's total revenue sank by 72.1% to $14M since the same quarter in the previous year.
Its net income has dropped by 74.5% to $2M since the same quarter in the previous year.
Finally, its free cash flow fell by 129.5% to $-971K since the same quarter in the previous year.
Based on the above factors, California BanCorp gets an overall score of 2/5.
Exchange | NASDAQ |
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CurrencyCode | USD |
ISIN | US13005U1016 |
Sector | Financial Services |
Industry | Banks - Regional |
PE Ratio | 24.36 |
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Target Price | 24 |
Beta | 0.95 |
Market Cap | 213M |
Dividend Yield | None |
California BanCorp operates as the bank holding company for California Bank of Commerce that provides commercial banking services to businesses and professionals 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; commercial 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. California BanCorp was founded in 2007 and is headquartered in Oakland, California. As of July 31, 2024 California BanCorp operates as a subsidiary of Southern California Bancorp.
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