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CALB

California BanCorp

Insider Trades

NameValueActionPriceCurrent Price
MSMyers Scott AlexanderSEVP, Chief Lending Offier
$28k1.3k shares
SellJun 12, 2024
$21.90
--
Trade CALB

About California BanCorp

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.

CEO
Steven E. Shelton
IPO Date
Feb 7, 2018

Market Data

OpenThe first traded price for the current trading session.
$24.98
HighThe highest traded price in the current trading session.
$25.49
LowThe lowest traded price in the current trading session.
$24.97
VolumeTotal shares traded during the current trading session.
122.8K
Avg VolumeAverage number of shares traded per session, as reported by FMP.
51K
52W HighThe highest traded price over the past 52 weeks.
$27.82
52W LowThe lowest traded price over the past 52 weeks.
$18.31

Valuation

Market CapCompany equity value based on share price multiplied by shares outstanding.
$213M
Enterprise ValueMarket cap plus debt and other claims, less cash and equivalents.
$325M
Dividend YieldAnnualized dividend yield relative to the current share price.
0.00%

Financials

Free Cash FlowOperating cash flow minus capital expenditures from the latest annual cash flow statement.
$28M
RevenueTotal sales from the latest annual income statement.
$114M
Net IncomeProfit after expenses and taxes from the latest annual income statement.
$22M
CashCash and equivalents, or cash plus short-term investments, from the latest balance sheet.
$28M
DebtTotal debt from the latest balance sheet.
$140M

Events

EarningsJul 29

EPS est. 0.52 · actual -0.68

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