First California Financial Group Inc. Stock Upgraded (FCAL)

NEW YORK ( TheStreet) -- First California Financial Group (Nasdaq: FCAL) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 3.0%. Since the same quarter one year prior, revenues rose by 24.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Powered by its strong earnings growth of 200.00% and other important driving factors, this stock has surged by 45.66% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, FCAL should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The gross profit margin for FIRST CALIF FINL GROUP INC is currently very high, coming in at 83.00%. It has increased significantly from the same period last year. Along with this, the net profit margin of 13.70% is above that of the industry average.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 164.5% when compared to the same quarter one year prior, rising from $1.08 million to $2.86 million.
  • Net operating cash flow has significantly increased by 124.80% to $9.22 million when compared to the same quarter last year. Despite an increase in cash flow of 124.80%, FIRST CALIF FINL GROUP INC is still growing at a significantly lower rate than the industry average of 1078.81%.
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First California Financial Group, Inc. operates as the holding company for First California Bank, which provides commercial banking services to individuals, professionals, and small- to mid-sized business in California. The company has a P/E ratio of 7.9, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. First California Financial Group has a market cap of $164.1 million and is part of the financial sector and banking industry. Shares are up 70.2% year to date as of the close of trading on Friday.

You can view the full First California Financial Group Ratings Report or get investment ideas from our investment research center.
-- Written by a member of TheStreet RatingsStaff
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