California BanCorp (NASDAQ:BCAL) to Issue Quarterly Dividend of $0.10

California BanCorp (NASDAQ:BCAL - Get Free Report) announced a quarterly dividend on Monday, December 8th. Shareholders of record on Wednesday, December 24th will be paid a dividend of 0.10 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, December 24th.Get California BanCorp alerts:California BanCorp Trading Up 2.5%Shares of California BanCorp stock traded up $0.49 during trading hours on Monday, reaching $20.13. 233,926 shares of the company's stock were exchanged, compared to its average volume of 116,441. The stock has a market cap of $650.66 million, a P/E ratio of 10.38 and a beta of 1.18. The company has a 50 day moving average of $17.99 and a two-hundred day moving average of $16.67. California BanCorp has a fifty-two week low of $11.87 and a fifty-two week high of $20.47. California BanCorp (NASDAQ:BCAL - Get Free Report) last released its earnings results on Tuesday, October 28th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.09. California BanCorp had a return on equity of 11.85% and a net margin of 26.26%.The business had revenue of $45.11 million for the quarter, compared to the consensus estimate of $44.02 million. As a group, analysts expect that California BanCorp will post 1.81 earnings per share for the current fiscal year. Institutional Trading of California BanCorpSeveral hedge funds and other institutional investors have recently modified their holdings of BCAL. Jump Financial LLC acquired a new position in California BanCorp in the first quarter valued at about $228,000. Parallel Advisors LLC increased its holdings in California BanCorp by 12.9% in the 2nd quarter. Parallel Advisors LLC now owns 10,097 shares of the company's stock valued at $159,000 after buying an additional 1,157 shares during the period. Nuveen LLC acquired a new position in shares of California BanCorp in the 1st quarter valued at approximately $436,000. Pinnacle Associates Ltd. bought a new stake in shares of California BanCorp during the 2nd quarter worth approximately $781,000. Finally, Kennedy Capital Management LLC increased its stake in California BanCorp by 107.5% in the second quarter. Kennedy Capital Management LLC now owns 205,394 shares of the company's stock valued at $3,237,000 after acquiring an additional 106,405 shares during the last quarter. Institutional investors own 55.40% of the company's stock. About California BanCorp (Get Free Report)Southern California Bancorp operates as the holding company for Bank of Southern California, N.A. that provides various financial products to individuals, professionals, and small-to medium-sized businesses. The company offers checking, personal and business savings, and money market accounts, as well as certificates of deposit.See AlsoFive stocks we like better than California BanCorpHow to Calculate Stock Profit 3 Stocks Most Likely to Split in 2026What Are Trending Stocks? Trending Stocks ExplainedChargePoint's Comeback Story: Why This EV Stock Is Charging Up AgainStock Splits, Do They Really Impact Investors?5 Tech Stocks Insiders Are Selling (But Smart Investors Are Loading Up)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in California BanCorp Right Now?Before you consider California BanCorp, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and California BanCorp wasn't on the list.While California BanCorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here