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

California BanCorp (NASDAQ:BCAL) announced a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.10 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, March 24th.

California BanCorp Stock Down 0.2%

Shares of California BanCorp stock traded down $0.04 during trading on Friday, hitting $17.50. The stock had a trading volume of 7,137 shares, compared to its average volume of 229,403. The company has a market capitalization of $565.73 million, a PE ratio of 9.02 and a beta of 1.17. California BanCorp has a 1 year low of $11.87 and a 1 year high of $20.47. The stock has a 50 day simple moving average of $18.53 and a 200 day simple moving average of $18.20.

California BanCorp (NASDAQ:BCAL) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. California BanCorp had a net margin of 26.60% and a return on equity of 11.51%. The firm had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $45.03 million. As a group, equities analysts expect that California BanCorp will post 1.81 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.