California BanCorp (CALB) Stock Forecast, Price Target & Predictions
CALB Stock Forecast
California BanCorp stock forecast is as follows: an average price target of $26.00 (represents a 3.63% upside from CALB’s last price of $25.09) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
CALB Price Target
The average price target for California BanCorp (CALB) is $26.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $26.00 to $26.00. This represents a potential 3.63% upside from CALB's last price of $25.09.
CALB Analyst Ratings
According to 2 Wall Street analysts, California BanCorp's rating consensus is 'Buy'. The analyst rating breakdown for CALB stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
California BanCorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 06, 2024 | Nathan Race | Piper Sandler | $26.00 | $21.77 | 19.40% | 3.63% |
The latest California BanCorp stock forecast, released on May 06, 2024 by Nathan Race from Piper Sandler, set a price target of $26.00, which represents a 19.40% increase from the stock price at the time of the forecast ($21.77), and a 3.63% increase from CALB last price ($25.09).
California BanCorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $26.00 |
| Last Closing Price | $25.09 | $25.09 | $25.09 |
| Upside/Downside | -100.00% | -100.00% | 3.63% |
In the current month, the average price target of California BanCorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to California BanCorp's last price of $25.09. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 06, 2024 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| May 06, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Nov 06, 2023 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 02, 2023 | Keefe, Bruyette & Woods | - | Outperform | Upgrade |
California BanCorp's last stock rating was published by Keefe, Bruyette & Woods on May 06, 2024. The company gave CALB a "Outperform" rating, the same as its previous rate.
California BanCorp Financial Forecast
California BanCorp Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $29.74M | $19.87M | $19.78M | $19.86M | $23.82M | $19.85M | - | $17.06M | $14.96M | $15.14M | $14.54M | $14.26M | $13.68M | $12.22M | $11.56M | $11.47M | $11.73M | $11.69M | $11.06M | $10.70M |
| Avg Forecast | $20.50M | $20.20M | $20.00M | $19.70M | $19.82M | $19.66M | $19.46M | $19.52M | $19.83M | $19.82M | $20.10M | $20.99M | $21.12M | $18.70M | $16.20M | $15.60M | $16.00M | $14.30M | $14.50M | $14.20M | $12.30M | $11.17M | $11.32M | $12.15M | $11.78M | $11.44M | $11.24M | $10.80M |
| High Forecast | $20.81M | $20.51M | $20.30M | $20.00M | $20.12M | $19.96M | $19.76M | $19.81M | $20.13M | $20.20M | $20.40M | $21.30M | $21.44M | $18.98M | $16.20M | $15.64M | $16.05M | $14.34M | $14.54M | $14.24M | $12.34M | $11.21M | $11.35M | $12.18M | $11.81M | $11.47M | $11.27M | $10.83M |
| Low Forecast | $20.19M | $19.89M | $19.70M | $19.40M | $19.52M | $19.37M | $19.17M | $19.22M | $19.53M | $19.50M | $19.80M | $20.67M | $20.80M | $18.42M | $16.20M | $15.56M | $15.95M | $14.26M | $14.46M | $14.16M | $12.26M | $11.14M | $11.29M | $12.11M | $11.74M | $11.41M | $11.20M | $10.77M |
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 2 | 1 | 1 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | 1.50% | 1.00% | 0.98% | 0.95% | 1.13% | 1.06% | - | 1.09% | 0.94% | 1.06% | 1.00% | 1.00% | 1.11% | 1.09% | 1.02% | 0.94% | 1.00% | 1.02% | 0.98% | 0.99% |
California BanCorp's average Quarter revenue forecast for Mar 24 based on 0 analysts is $19.52M, with a low forecast of $19.22M, and a high forecast of $19.81M. CALB's average Quarter revenue forecast represents a -34.37% decrease compared to the company's last Quarter revenue of $29.74M (Dec 23).
California BanCorp EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 2 | 1 | 1 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | $7.71M | $7.73M | $14.45M | $16.63M | $11.03M | - | $6.98M | $6.43M | $5.70M | $8.49M | $5.97M | $4.95M | $3.17M | $4.52M | $3.10M | $3.51M | $5.10M | $5.75M | $4.34M |
| Avg Forecast | $5.18M | $5.11M | $5.06M | $4.98M | $5.01M | $4.97M | $4.92M | $8.04M | $5.01M | $5.01M | $5.08M | $7.31M | $5.34M | $3.96M | $4.10M | $6.65M | $7.54M | $4.23M | $3.64M | $4.42M | $2.42M | $4.23M | $2.34M | $4.25M | $5.52M | $6.65M | $6.09M | $2.71M |
| High Forecast | $5.26M | $5.18M | $5.13M | $5.06M | $5.09M | $5.05M | $4.99M | $9.65M | $5.09M | $5.11M | $5.16M | $8.77M | $5.42M | $4.75M | $4.10M | $7.98M | $9.05M | $5.08M | $3.65M | $5.31M | $2.90M | $5.07M | $2.81M | $5.10M | $6.63M | $7.99M | $7.30M | $2.72M |
| Low Forecast | $5.10M | $5.03M | $4.98M | $4.91M | $4.94M | $4.90M | $4.85M | $6.43M | $4.94M | $4.93M | $5.01M | $5.85M | $5.26M | $3.17M | $4.10M | $5.32M | $6.04M | $3.39M | $3.63M | $3.54M | $1.94M | $3.38M | $1.87M | $3.40M | $4.42M | $5.32M | $4.87M | $2.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.54% | 1.52% | 1.98% | 3.11% | 2.79% | - | 1.05% | 0.85% | 1.35% | 2.33% | 1.35% | 2.05% | 0.75% | 1.93% | 0.73% | 0.63% | 0.77% | 0.94% | 1.60% |
1 analysts predict CALB's average Quarter EBITDA for Dec 23 to be $5.01M, with a high of $5.09M and a low of $4.94M. This is -34.93% lower than California BanCorp's previous annual EBITDA (Sep 23) of $7.71M.
California BanCorp Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 2 | 1 | 1 | 2 |
| Net Income | - | - | - | - | - | - | - | - | $5.34M | $5.40M | $5.44M | $5.45M | $7.67M | $5.52M | - | $3.67M | $3.18M | $3.22M | $4.16M | $2.81M | $1.78M | $495.00K | $1.55M | $473.00K | $578.00K | $2.00M | $2.55M | $1.87M |
| Avg Forecast | $4.40M | $4.31M | $4.23M | $4.14M | $4.40M | $4.44M | $4.44M | $4.23M | $5.16M | $5.26M | $5.14M | $3.85M | $6.26M | $2.23M | $3.43M | $3.50M | $3.73M | $2.39M | $2.73M | $2.08M | $872.67K | $660.00K | $803.70K | $647.80K | $910.35K | $2.62M | $2.70M | $2.73M |
| High Forecast | $4.48M | $4.40M | $4.31M | $4.23M | $4.48M | $4.53M | $4.53M | $5.08M | $5.26M | $5.43M | $5.24M | $4.62M | $6.38M | $2.68M | $3.43M | $4.20M | $4.48M | $2.86M | $2.74M | $2.50M | $1.05M | $792.00K | $964.44K | $777.37K | $1.09M | $3.14M | $3.24M | $2.74M |
| Low Forecast | $4.31M | $4.23M | $4.15M | $4.06M | $4.31M | $4.35M | $4.35M | $3.39M | $5.08M | $5.18M | $5.04M | $3.08M | $6.13M | $1.78M | $3.43M | $2.80M | $2.99M | $1.91M | $2.72M | $1.66M | $698.13K | $528.00K | $642.96K | $518.24K | $728.28K | $2.09M | $2.16M | $2.72M |
| Surprise % | - | - | - | - | - | - | - | - | 1.04% | 1.03% | 1.06% | 1.42% | 1.23% | 2.48% | - | 1.05% | 0.85% | 1.35% | 1.53% | 1.35% | 2.05% | 0.75% | 1.93% | 0.73% | 0.63% | 0.77% | 0.94% | 0.68% |
California BanCorp's average Quarter net income forecast for Mar 24 is $4.23M, with a range of $3.39M to $5.08M. CALB's average Quarter net income forecast represents a -20.75% decrease compared to the company's last Quarter net income of $5.34M (Dec 23).
California BanCorp SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 2 | 1 | 1 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | $8.24M | $7.83M | $7.88M | $7.44M | $7.42M | - | $7.09M | $6.37M | $7.46M | $6.86M | $6.95M | $7.64M | $7.19M | $2.12M | $6.48M | $4.41M | $6.12M | $5.31M | $5.58M |
| Avg Forecast | $8.23M | $8.11M | $8.03M | $7.91M | $7.96M | $7.89M | $7.81M | $8.87M | $7.96M | $7.96M | $8.07M | $8.07M | $8.48M | $5.18M | $6.50M | $7.33M | $7.48M | $5.53M | $5.00M | $5.15M | $3.74M | $9.58M | $1.10M | $8.87M | $6.94M | $7.99M | $5.62M | $3.72M |
| High Forecast | $8.35M | $8.23M | $8.15M | $8.03M | $8.08M | $8.01M | $7.93M | $10.65M | $8.08M | $8.11M | $8.19M | $9.68M | $8.61M | $6.21M | $6.50M | $8.80M | $8.97M | $6.64M | $5.01M | $6.18M | $4.48M | $11.50M | $1.32M | $10.64M | $8.33M | $9.59M | $6.75M | $3.73M |
| Low Forecast | $8.10M | $7.99M | $7.91M | $7.79M | $7.84M | $7.77M | $7.69M | $7.10M | $7.84M | $7.83M | $7.95M | $6.45M | $8.35M | $4.14M | $6.50M | $5.87M | $5.98M | $4.43M | $4.98M | $4.12M | $2.99M | $7.67M | $879.82K | $7.10M | $5.55M | $6.39M | $4.50M | $3.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.04% | 0.97% | 0.98% | 0.88% | 1.43% | - | 0.97% | 0.85% | 1.35% | 1.37% | 1.35% | 2.05% | 0.75% | 1.93% | 0.73% | 0.63% | 0.77% | 0.94% | 1.50% |
California BanCorp's average Quarter SG&A projection for Dec 23 is $7.96M, based on 1 Wall Street analysts, with a range of $7.84M to $8.08M. The forecast indicates a -3.36% fall compared to CALB last annual SG&A of $8.24M (Sep 23).
California BanCorp EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 2 | 1 | 1 | 2 |
| EPS | - | - | - | - | - | - | - | - | $0.64 | $0.64 | $0.65 | $0.65 | $0.92 | $0.66 | - | $0.44 | $0.39 | $0.39 | $0.51 | $0.34 | $0.22 | $0.06 | $0.19 | $0.06 | $0.07 | $0.25 | $0.32 | $0.23 |
| Avg Forecast | $0.52 | $0.51 | $0.50 | $0.49 | $0.52 | $0.53 | $0.53 | $0.54 | $0.61 | $0.62 | $0.61 | $0.67 | $0.74 | $0.63 | $0.40 | $0.42 | $0.46 | $0.31 | $0.32 | $0.27 | $0.09 | $0.09 | $0.11 | $0.23 | $0.28 | $0.36 | $0.34 | $0.32 |
| High Forecast | $0.53 | $0.52 | $0.51 | $0.50 | $0.53 | $0.54 | $0.54 | $0.55 | $0.62 | $0.64 | $0.62 | $0.68 | $0.75 | $0.64 | $0.40 | $0.42 | $0.46 | $0.31 | $0.32 | $0.27 | $0.09 | $0.09 | $0.11 | $0.23 | $0.28 | $0.36 | $0.34 | $0.32 |
| Low Forecast | $0.51 | $0.50 | $0.49 | $0.48 | $0.51 | $0.51 | $0.51 | $0.53 | $0.60 | $0.61 | $0.60 | $0.66 | $0.73 | $0.61 | $0.40 | $0.42 | $0.46 | $0.31 | $0.32 | $0.27 | $0.09 | $0.09 | $0.11 | $0.23 | $0.28 | $0.36 | $0.34 | $0.32 |
| Surprise % | - | - | - | - | - | - | - | - | 1.05% | 1.03% | 1.07% | 0.97% | 1.24% | 1.06% | - | 1.05% | 0.85% | 1.26% | 1.59% | 1.26% | 2.44% | 0.67% | 1.73% | 0.26% | 0.26% | 0.69% | 0.94% | 0.72% |
According to 0 Wall Street analysts, California BanCorp's projected average Quarter EPS for Mar 24 is $0.54, with a low estimate of $0.53 and a high estimate of $0.55. This represents a -15.63% decrease compared to CALB previous annual EPS of $0.64 (Dec 23).
California BanCorp Peer Comparison by Price Target
CALB Forecast FAQ
Is California BanCorp a good buy?
Yes, according to 2 Wall Street analysts, California BanCorp (CALB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of CALB's total ratings.
What is CALB's price target?
California BanCorp (CALB) average price target is $26 with a range of $26 to $26, implying a 3.63% from its last price of $25.09. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will California BanCorp stock go up soon?
According to Wall Street analysts' prediction for CALB stock, the company can go up by 3.63% (from the last price of $25.09 to the average price target of $26), up by 3.63% based on the highest stock price target, and up by 3.63% based on the lowest stock price target.
Can California BanCorp stock reach $40?
CALB's average twelve months analyst stock price target of $26 does not support the claim that California BanCorp can reach $40 in the near future.
What are California BanCorp's analysts' financial forecasts?
California BanCorp's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $78.47M (high $79.66M, low $77.28M), average EBITDA is $22.95M (high $24.78M, low $21.11M), average net income is $17.51M (high $18.62M, low $16.4M), average SG&A $32.54M (high $34.67M, low $30.4M), and average EPS is $2.11 (high $2.15, low $2.07). CALB's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $80.4M (high $81.62M, low $79.18M), average EBITDA is $20.33M (high $20.64M, low $20.02M), average net income is $17.08M (high $17.42M, low $16.75M), average SG&A $32.27M (high $32.76M, low $31.78M), and average EPS is $2.02 (high $2.06, low $1.98).
Did the CALB's actual financial results beat the analysts' financial forecasts?
Based on California BanCorp's last annual report (Dec 2023), the company's revenue was $114.08M, beating the average analysts forecast of $80.74M by 41.30%. Apple's EBITDA was $0, missing the average prediction of $22.42M by -100.00%. The company's net income was $21.63M, beating the average estimation of $19.41M by 11.47%. Apple's SG&A was $0, missing the average forecast of $32.05M by -100.00%. Lastly, the company's EPS was $2.58, beating the average prediction of $2.51 by 2.79%. In terms of the last quarterly report (Dec 2023), California BanCorp's revenue was $29.74M, beating the average analysts' forecast of $19.83M by 49.96%. The company's EBITDA was $0, missing the average prediction of $5.01M by -100.00%. California BanCorp's net income was $5.34M, beating the average estimation of $5.16M by 3.54%. The company's SG&A was $0, missing the average forecast of $7.96M by -100.00%. Lastly, the company's EPS was $0.64, beating the average prediction of $0.61 by 4.92%