California Bancorp

BCAL · NASDAQ

$21.87+$0.28 (+1.30%)TodayMarket closed · Oct 20, 4:01 PM ET

Prev close $21.59

BCAL analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 6 analysts

Average $25.25 (+15.4% upside)

Low: $24.24
Now: $21.87
High: $26.25

Upgrades and downgrades

The latest rating actions, newest first

BCAL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Raymond James	Aug 21, 2026	Initiates	Outperform	$25.00	66%
Keefe, Bruyette & Woods	Aug 4, 2026	Maintains	Outperform	$23.00 → $24.00	82%
Stephens & Co.	Jul 29, 2026	Maintains	Overweight	$22.00 → $24.00	67%
DA Davidson	Jul 28, 2026	Maintains	Buy	$23.50 → $25.00	78%
DA Davidson	Apr 29, 2026	Maintains	Buy	$21.50 → $22.00	78%
DA Davidson	Jan 29, 2026	Maintains	Buy	$22.50 → $21.50	78%
Keefe, Bruyette & Woods	Oct 31, 2025	Maintains	Outperform	$19.00 → $21.00	82%

The case for and against

Updated Jul 17, 2026

Bull case

California BanCorp is well-positioned for steady full-year loan and deposit growth due to its recent derisking exercise and continued strong loan origination. They have also demonstrated the ability to lower deposit costs, leading to a positive outlook for net interest income and margin. Despite a modest sequential decline in net interest income, the company's NIM expansion and strong core performance support maintaining a BUY rating with a revised PT of $21.50, reflecting a 13x multiple on 2026E EPS and 1.4x 2026E TBV. EOP deposits saw a decline, but average balances increased, and the decline is largely attributable to seasonality and has since reversed in 1Q.

Bear case

California BanCorp is primarily focused on the California market, making it vulnerable to regional economic downturns. The recent increase in share repurchases and strong loan growth may indicate a lack of investment opportunities and a potential overvaluing of existing assets. There is also potential for risks related to asset quality, deposit liquidity, and loan demand, which could negatively affect net interest margin and overall profitability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.