KBW analyst Wood Lay assigned a Buy rating to California BanCorp (CALB – Research Report) yesterday and set a price target of $25.00. The company’s shares closed yesterday at $18.60.
California BanCorp has an analyst consensus of Moderate Buy, with a price target consensus of $22.67, implying a 21.88% upside from current levels. In a report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $25.00 price target.
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CALB market cap is currently $155.5M and has a P/E ratio of 6.52.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CALB in relation to earlier this year.
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California BanCorp is a holding company, which engages in the provision of banking and financial solutions. It offers deposits, lending, cash management, international banking as well as real estate mortgage, real estate construction, commercial, and installment loans. The company was founded March 31, 2017 and is headquartered in Lafayette, CA.
Read More on CALB:
- California BanCorp price target raised to $23 from $19 at Piper Sandler
- California BanCorp reports Q2 EPS 65c, consensus 61c
- California BanCorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023
- California BanCorp assumed with an Overweight at Piper Sandler
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