In a report released today, Nathan Race from Piper Sandler assigned a Buy rating to California BanCorp (CALB – Research Report), with a price target of $26.00. The company’s shares closed last Friday at $21.78.
Race covers the Financial sector, focusing on stocks such as Isabella Bank, First Business Financial, and Midwestone Financial Group. According to TipRanks, Race has an average return of 7.7% and a 52.26% success rate on recommended stocks.
California BanCorp has an analyst consensus of Strong Buy, with a price target consensus of $26.67, representing a 22.48% upside. In a report released on May 3, KBW also maintained a Buy rating on the stock with a $23.00 price target.
CALB market cap is currently $183.2M and has a P/E ratio of 9.22.
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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.
