California Bancorp (NASDAQ:CALB) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 0 | 0 | 0 |
| Last 30D | 0 | 2 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for California Bancorp, revealing an average target of $25.88, a high estimate of $31.00, and a low estimate of $23.00. Highlighting a 8.39% decrease, the current average has fallen from the previous average price target of $28.25.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of California Bancorp among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Wood Lay | Keefe, Bruyette & Woods | Lowers | Outperform | $23.00 | $23.50 |
| Nathan Race | Truist Securities | Lowers | Overweight | $26.00 | $27.00 |
| Gary Tenner | DA Davidson | Lowers | Buy | $31.00 | $36.00 |
| Wood Lay | Keefe, Bruyette & Woods | Lowers | Outperform | $23.50 | $26.50 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to California Bancorp. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of California Bancorp compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of California Bancorp's stock. This examination reveals shifts in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of California Bancorp's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on California Bancorp analyst ratings.
If you are interested in following small-cap stock news and performance you can start by tracking it here.
Get to Know California Bancorp Better
California Bancorp is a holding company for California Bank of Commerce. The company predominantly serves business and professional corporations with a variety of business-focused financial services. Some of the products and services that the bank offers include commercial checking, savings, and money market accounts, certificates of deposit, treasury and cash management services, foreign exchange services, commercial and industrial loans, asset-based loans, loans to dental and veterinary professionals, commercial real estate loans, residential and commercial construction and development loans, online banking, and mobile banking. Majority of the company's business activity is with customers located within the San Francisco Bay Area counties.
California Bancorp: A Financial Overview
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: California Bancorp's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -2.48%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: California Bancorp's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 19.66%, the company may face hurdles in effective cost management.
Return on Equity (ROE): California Bancorp's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.92% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): California Bancorp's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.2% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.27, California Bancorp adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.