DA Davidson upped their price target on shares of First California Financial Group (NASDAQ: FCAL) to $5.00 in a research note issued on Tuesday.
First California Financial Group, Inc. (FCAL) is a bank holding company for its wholly owned subsidiary First California Bank (the Bank). The Bank is a full-service commercial bank. The Bank’s operations are primarily located within the areas commonly known as the 101 corridor stretching from the City of Ventura to Calabasas, California, the Moorpark-Simi Valley corridor, the western San Fernando Valley, the Tri-Cities area of Glendale-Burbank-Pasadena, the South Bay, the Inland Empire, north San Diego County, Century City and other parts of Los Angeles, Orange and Ventura Counties in Southern California. Its lending products include revolving lines of credit, term loans, commercial real estate loans, construction loans and consumer and home equity loans. On January 23, 2009, the Bank assumed the insured, non-brokered deposits of 1st Centennial Bank, totaling approximately $270 million, from the Federal Deposit Insurance Corporation.
First California Financial Group traded down 0.11% on Tuesday, hitting $4.435. First California Financial Group has a 52-week low of $2.77 and a 52-week high of $4.50. The stock has a 50-day moving average of $3.63 and a 200-day moving average of $3.33. The company has a market cap of $129.6 million and a price-to-earnings ratio of 6.25.