California Bancorp, the holding company for California Bank of Commerce, has announced an increase in its share repurchase program and the redemption of its subordinated notes. The increased repurchase program demonstrates the company's commitment to building long-term shareholder value.

Multiple lawsuits have been filed alleging that President Trump's tariffs are unconstitutional, arguing that the president has exceeded his authority under the International Emergency Economic Powers Act. If the courts rule against the tariffs, it could serve as a significant catalyst for the stock market.

Chapman University's annual economic forecast predicts a slight decline in Orange County home prices, 3% inflation, and steady economic growth without a recession in 2025. The forecast also projects a 12.9% increase in residential building permits, though housing affordability remains a challenge.

Southern California Bancorp and California BanCorp have successfully completed their merger, creating a combined holding company with total assets of approximately $4.2 billion. The merged entity will operate under the California Bank of Commerce, N.A. name and trade on the Nasdaq Capital Market under the symbol 'BCAL'.

— The Company Also Announced in a Separate Release that it has Entered into a Merger Agreement with California BanCorp

San Diego and Oakland, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp (NASDAQ: CALB), the holding company for California Bank of Commerce, jointly announce the execution of a definitive merger agreement, pursuant to which the companies will combine in an all-stock merger valued at approximately $233.6 million, or $26.54 per share of California BanCorp, based on the closing price of Southern California Bancorp on January 29, 2024.

San Diego, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) announces the retirement of Chairman Emeritus and Director John Farkash, effective Tuesday, January 16, 2024, due to health reasons. Mr. Farkash was a Founding Director of the Company in 2002 and served as its chairman for nearly 20 years.

San Diego, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Southern California Bancorp (“us,” “we,” “our,” or the “Company”) (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) announces its consolidated financial results for the third quarter of 2023.

San Diego, Calif., Aug. 21, 2023 (GLOBE NEWSWIRE) -- Bank of Southern California, N.A. (the “Bank”) the wholly owned subsidiary of Southern California Bancorp (Nasdaq: BCAL), announces the appointment of David Rouhafza to the positions of Executive Vice President, Deposit and Treasury Services, and West LA Regional Manager, effective August 21, 2023.

Upgrades Goldman Sachs upgraded the previous rating for Petroleo Brasileiro SA Petrobras (NYSE:PBR) from Neutral to Buy. Petrobras Brasileiro earned $1.12 in the first quarter, compared to $1.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. Petrobras Brasileiro closed at $14.23 at the end of the last trading period. According to Morgan Stanley, the prior rating for Quotient Technology Inc (NYSE:QUOT) was changed from Underweight to Equal-Weight. In the first quarter, Quotient Technology showed an EPS of $0.18, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $4.25 and a 52-week-low of $1.68. At the end of the last trading period, Quotient Technology closed at $3.90. According to Benchmark, the prior rating for LiveRamp Holdings Inc (NYSE:RAMP) was changed from Hold to Buy. In the fourth quarter, LiveRamp Holdings showed an EPS of $0.32, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $30.68 and a 52-week-low of $15.38. At the end of the last trading period, LiveRamp Holdings closed at $26.44. According to Loop Capital, the prior rating for OneSpaWorld Holdings Ltd (NASDAQ:OSW) was changed from Hold to Buy. For the first quarter, OneSpaWorld Holdings had an EPS of $0.13, compared to year-ago quarter EPS of $0.03. The current stock performance of OneSpaWorld Holdings shows a 52-week-high of $13.00 and a 52-week-low of $6.80. Moreover, at the end of the last trading period, the closing price was at $11.27. For Adobe Inc (NASDAQ:ADBE), BMO Capital upgraded the previous rating of Market Perform to Outperform. Adobe earned $3.91 in the second quarter, compared to $3.35 in the year-ago quarter. The stock has a 52-week-high of $518.74 and a 52-week-low of $274.80. At the end of the last trading period, Adobe closed at $485.86. For Pet Valu Holdings Ltd (OTC:PTVLF), National Bank Financial Inc upgraded the previous rating of Sector Perform to Outperform. According to Wolfe Research, the prior rating for Spotify Technology SA (NYSE:SPOT) was changed from Peer Perform to Outperform. Spotify Technology earned $1.24 in the first quarter, compared to $0.24 in the year-ago quarter. The current stock performance of Spotify Technology shows a 52-week-high of $160.63 and a 52-week-low of $69.41. Moreover, at the end of the last trading period, the closing price was at $156.82. According to Keybanc, the prior rating for Avangrid Inc (NYSE:AGR) was changed from Underweight to Sector Weight. For the first quarter, Avangrid had an EPS of $0.64, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $51.71 and a 52-week-low of $36.81. Avangrid closed at $37.89 at the end of the last trading period. See all analyst ratings upgrades. Downgrades According to Northland Capital Markets, the prior rating for Coherent Corp (NYSE:COHR) was changed from Outperform to Market Perform. For the third quarter, Coherent had an EPS of $0.58, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $60.46 and a 52-week-low of $26.29. Coherent closed at $55.31 at the end of the last trading period. BMO Capital downgraded the previous rating for Xcel Energy Inc (NASDAQ:XEL) from Outperform to Market Perform. In the first quarter, Xcel Energy showed an EPS of $0.76, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $77.63 and a 52-week-low of $56.92. At the end of the last trading period, Xcel Energy closed at $63.07. Canaccord Genuity downgraded the previous rating for DICE Therapeutics Inc (NASDAQ:DICE) from Buy to Hold. For the first quarter, DICE Therapeutics had an EPS of $0.54, compared to year-ago quarter EPS of $0.50. The current stock performance of DICE Therapeutics shows a 52-week-high of ...Full story available on Benzinga.com

San Diego, Calif., June 15, 2023 (GLOBE NEWSWIRE) -- Southern California Bancorp (the “Company”) (Nasdaq: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”), announces that its Board of Directors has authorized the Company to repurchase, from time to time, up to 550,000 shares of its common stock, or approximately three percent of the Company’s outstanding shares of common stock.