California BanCorp (CALB) Research

California BanCorp serves as the holding company for California Bank of Commerce, offering a full range of commercial banking solutions solely within the state of California. The institution secures deposits through a variety of offerings, such as commercial checking, savings, money market accounts, and certificates of deposit. Its comprehensive lending services include asset-backed financing, standby letters of credit, and real estate loans, encompassing commercial properties, construction, and development projects. The bank is also a provider of Small Business Administration (SBA) loans, specifically the 7(a) and 504 programs. Furthermore, it extends consumer credit, like secured and unsecured installment loans and revolving lines of credit, alongside robust commercial and industrial (C&I) financing. This C&I portfolio covers term loans, working capital, accounts receivable, and inventory financing, with specialized business loans catered to industries such as dental and veterinary practices, contractors, and nascent companies. Beyond core banking, California BanCorp provides foreign exchange services, treasury and cash management, and convenient digital banking options via online and mobile platforms. The company operates a main branch in Contra Costa County, California, augmented by four loan production offices located in Alameda, Contra Costa, Sacramento, and Santa Clara counties. California BanCorp was founded in 2007 and its main offices are situated in Oakland, California.

Market snapshot

Symbol
CALB
Price
$25.09
Day change
+1.05%
Market cap
$212.6M
P/E ratio
9.71x
52-week range
18.31-27.82
Sector
Financial Services
Industry
Banks - Regional
Analyst price target
$26.00

Peer companies

  • Central Valley Community Bancorp (CVCY)
  • Codorus Valley Bancorp, Inc. (CVLY)
  • ESSA Bancorp, Inc. (ESSA)
  • Evans Bancorp, Inc. (EVBN)
  • First Financial Northwest, Inc. (FFNW)
  • HomeStreet, Inc. (HMST)
  • Limestone Bancorp, Inc. (LMST)
  • Old Point Financial Corporation (OPOF)

Recent insider activity

  • Myers Scott Alexander — S-Sale (3254 shares) on 2023-08-03
  • Myers Scott Alexander — S-Sale (2564 shares) on 2024-02-01
  • Myers Scott Alexander — S-Sale (413 shares) on 2024-03-01
  • Myers Scott Alexander — S-Sale (632 shares) on 2024-04-12
  • Myers Scott Alexander — S-Sale (806 shares) on 2024-04-29

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