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

California BanCorp (NASDAQ:BCAL) declared a quarterly dividend on Thursday, May 28th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.10 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, June 23rd.

California BanCorp Stock Performance

Shares of BCAL opened at $18.94 on Friday. The company’s 50 day moving average price is $18.40 and its 200 day moving average price is $18.66. California BanCorp has a 52 week low of $14.07 and a 52 week high of $20.47. The company has a market capitalization of $609.30 million, a PE ratio of 10.35 and a beta of 1.01.

California BanCorp (NASDAQ:BCAL) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. California BanCorp had a net margin of 25.68% and a return on equity of 10.59%. The firm had revenue of $44.22 million for the quarter. On average, equities analysts forecast that California BanCorp will post 1.68 earnings per share for the current fiscal year.

California BanCorp Company Profile

California BanCorp (NASDAQ:BCAL) is a bank holding company headquartered in California. Founded to address the diverse financial needs of businesses and individuals across the state, the company focuses on community-oriented banking solutions and operates under a locally based decision-making model.

Through its wholly owned banking subsidiary, California BanCorp offers a suite of deposit products including checking, savings, money market and certificate of deposit accounts. Its lending portfolio encompasses commercial and industrial loans, real estate and construction financing, as well as consumer lending products such as personal loans and home equity lines of credit.

In addition to core deposit and lending services, the company provides treasury and cash management services, online and mobile banking platforms, and merchant payment solutions designed to streamline operations for small to mid-sized enterprises.