First California Financial Group Stock Soars (FCAL)

NEW YORK ( TheStreet) -- Shares of First California Financial Group (Nasdaq: FCAL) have taken a tremendous swing upward. The stock is trading at $6.74 as of 3:55 p.m. ET, 20.1% above Tuesday's closing price of $5.61. Volume is at 1.1 million, 10.6 times the daily average of 101,200.

First California Financial Group has a market cap of $158.8 million and is part of the financial sector and banking industry. Shares are up 72.1% year to date as of the close of trading on Tuesday.

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 21.7, above the average banking industry P/E ratio of 7.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates First California Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full First California Financial Group Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.
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