In a report released today, Gary Tenner from D.A. Davidson maintained a Buy rating on California BanCorp (CALB – Research Report), with a price target of $31.00. The company’s shares closed yesterday at $21.70.
According to TipRanks, Tenner is a 4-star analyst with an average return of 9.9% and a 57.07% success rate. Tenner covers the Financial sector, focusing on stocks such as Hope Bancorp, Banc of California, and Hancock Whitney.
California BanCorp has an analyst consensus of Moderate Buy, with a price target consensus of $27.25, which is a 25.58% upside from current levels. In a report released on April 29, KBW also assigned a Buy rating to the stock with a $23.50 price target.
CALB market cap is currently $182.6M and has a P/E ratio of 9.19.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CALB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
California BanCorp (CALB) Company Description:
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.
