California BanCorp (CALB) Stock Forecast, Price Target & Predictions


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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


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 06, 2024Nathan RacePiper Sandler$26.00$21.7719.40%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


1M3M12M
# 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


DateCompanyPrevious RatingNew RatingRating Change
May 06, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
May 06, 2024Piper SandlerOverweightOverweightHold
Nov 06, 2023Piper SandlerOverweightOverweightHold
Aug 02, 2023Keefe, Bruyette & WoodsOutperformUpgrade

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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
Revenue--------$29.74M$19.87M$19.78M$19.86M$23.82M$19.85M$17.62M$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$20.50M$20.20M$20.00M$19.70M$19.82M$19.66M$19.46M$19.52M$19.83M$20.20M$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
Low Forecast$20.50M$20.20M$20.00M$19.70M$19.82M$19.66M$19.46M$19.52M$19.83M$19.50M$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
# Analysts1111111114221111222222221111
Surprise %--------1.50%1.00%0.98%0.95%1.13%1.06%1.09%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 1 analysts is $19.52M, with a low forecast of $19.52M, and a high forecast of $19.52M. 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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts1111111114221111222222221111
EBITDA---------$7.71M$7.73M$14.45M$16.63M$11.03M$7.75M$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$8.30M$4.73M$4.10M$6.65M$4.05M$3.62M$3.67M$4.42M$3.11M$2.83M$2.86M$4.25M$2.98M$2.89M$6.09M$2.73M
High Forecast$5.18M$5.11M$5.06M$4.98M$5.01M$4.97M$4.92M$9.65M$5.01M$5.11M$5.08M$8.77M$9.96M$4.73M$4.10M$7.98M$4.05M$3.62M$3.67M$5.31M$3.11M$2.83M$2.86M$5.10M$2.98M$2.89M$7.30M$2.73M
Low Forecast$5.18M$5.11M$5.06M$4.98M$5.01M$4.97M$4.92M$6.43M$5.01M$4.93M$5.08M$5.85M$6.64M$4.73M$4.10M$5.32M$4.05M$3.62M$3.67M$3.54M$3.11M$2.83M$2.86M$3.40M$2.98M$2.89M$4.87M$2.73M
Surprise %---------1.54%1.52%1.98%2.00%2.33%1.89%1.05%1.59%1.58%2.32%1.35%1.59%1.12%1.58%0.73%1.18%1.76%0.94%1.59%

1 analysts predict CALB's average Quarter EBITDA for Dec 23 to be $5.01M, with a high of $5.01M and a low of $5.01M. This is -34.93% lower than California BanCorp's previous annual EBITDA (Sep 23) of $7.71M.

California BanCorp Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts1111111114221111222222221111
Net Income--------$5.34M$5.40M$5.44M$5.45M$7.67M$5.52M$4.24M$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$4.11M$5.29M$3.38M$3.50M$3.89M$2.62M$2.71M$2.08M$761.08K$761.08K$930.21K$647.80K$2.37M$3.04M$2.70M$2.71M
High Forecast$4.40M$4.31M$4.23M$4.14M$4.40M$4.44M$4.44M$5.08M$5.16M$5.43M$5.14M$4.62M$4.93M$5.29M$3.38M$4.20M$3.89M$2.62M$2.71M$2.50M$761.08K$761.08K$930.21K$777.37K$2.37M$3.04M$3.24M$2.71M
Low Forecast$4.40M$4.31M$4.23M$4.14M$4.40M$4.44M$4.44M$3.39M$5.08M$5.18M$5.14M$3.08M$3.29M$5.29M$3.38M$2.80M$3.89M$2.62M$2.71M$1.66M$761.08K$761.08K$930.21K$518.24K$2.37M$3.04M$2.16M$2.71M
Surprise %--------1.04%1.03%1.06%1.42%1.87%1.04%1.25%1.05%0.82%1.23%1.54%1.35%2.35%0.65%1.67%0.73%0.24%0.66%0.94%0.69%

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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts1111111114221111222222221111
SG&A---------$8.24M$7.83M$7.88M$7.44M$7.42M$7.15M$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$8.23M$7.51M$6.50M$7.33M$6.42M$5.74M$5.82M$5.15M$4.94M$4.49M$4.54M$8.87M$4.73M$4.59M$5.62M$4.33M
High Forecast$8.23M$8.11M$8.03M$7.91M$7.96M$7.89M$7.81M$10.65M$7.96M$8.11M$8.07M$9.68M$9.87M$7.51M$6.50M$8.80M$6.42M$5.74M$5.82M$6.18M$4.94M$4.49M$4.54M$10.64M$4.73M$4.59M$6.75M$4.33M
Low Forecast$8.23M$8.11M$8.03M$7.91M$7.96M$7.89M$7.81M$7.10M$7.96M$7.83M$8.07M$6.45M$6.58M$7.51M$6.50M$5.87M$6.42M$5.74M$5.82M$4.12M$4.94M$4.49M$4.54M$7.10M$4.73M$4.59M$4.50M$4.33M
Surprise %---------1.04%0.97%0.98%0.90%0.99%1.10%0.97%0.99%1.30%1.18%1.35%1.55%1.60%0.47%0.73%0.93%1.33%0.94%1.29%

California BanCorp's average Quarter SG&A projection for Dec 23 is $7.96M, based on 1 Wall Street analysts, with a range of $7.96M to $7.96M. The forecast indicates a -3.36% fall compared to CALB last annual SG&A of $8.24M (Sep 23).

California BanCorp EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19
# Analysts1111111114221111222222221111
EPS--------$0.64$0.64$0.65$0.65$0.92$0.66$0.51$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$0.52$0.51$0.50$0.49$0.52$0.53$0.53$0.54$0.61$0.64$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
Low Forecast$0.52$0.51$0.50$0.49$0.52$0.53$0.53$0.54$0.60$0.61$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
Surprise %--------1.05%1.03%1.07%0.97%1.24%1.06%1.27%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 1 Wall Street analysts, California BanCorp's projected average Quarter EPS for Mar 24 is $0.54, with a low estimate of $0.54 and a high estimate of $0.54. This represents a -15.63% decrease compared to CALB previous annual EPS of $0.64 (Dec 23).

California BanCorp Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HTBIHomeTrust Bancshares$36.35$42.0015.54%Buy
FFNWFirst Financial Northwest$21.85$23.507.55%Hold
FNWBFirst Northwest Bancorp$10.36$11.006.18%Hold

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 $78.47M, low $78.47M), average EBITDA is $22.95M (high $24.56M, low $21.34M), average net income is $17.51M (high $18.36M, low $16.66M), average SG&A $32.54M (high $34.31M, low $30.76M), and average EPS is $2.11 (high $2.11, low $2.11). CALB's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $80.4M (high $80.4M, low $80.4M), average EBITDA is $20.33M (high $20.33M, low $20.33M), average net income is $17.08M (high $17.08M, low $17.08M), average SG&A $32.27M (high $32.27M, low $32.27M), and average EPS is $2.02 (high $2.02, low $2.02).

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%