Bay Commercial Bank (NASDAQ:BCML) Plans Quarterly Dividend of $0.30

Bay Commercial Bank (NASDAQ:BCML) announced a quarterly dividend on Thursday, February 19th. Investors of record on Thursday, March 12th will be given a dividend of 0.30 per share on Thursday, April 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, March 12th.

Bay Commercial Bank has a payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Bay Commercial Bank to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 47.4%.

Bay Commercial Bank Trading Down 0.5%

Shares of NASDAQ BCML traded down $0.14 during midday trading on Friday, reaching $29.80. 4,121 shares of the stock were exchanged, compared to its average volume of 21,680. The stock has a 50 day moving average price of $29.99 and a 200-day moving average price of $29.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $324.77 million, a P/E ratio of 13.67 and a beta of 0.33. Bay Commercial Bank has a 52-week low of $22.22 and a 52-week high of $33.15.

Bay Commercial Bank (NASDAQ:BCML) last released its earnings results on Thursday, January 22nd. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). Bay Commercial Bank had a return on equity of 7.22% and a net margin of 16.92%.The firm had revenue of $0.89 million during the quarter, compared to analysts’ expectations of $25.03 million. Equities research analysts expect that Bay Commercial Bank will post 2.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management grew its stake in shares of Bay Commercial Bank by 35.7% in the second quarter. LSV Asset Management now owns 88,211 shares of the company’s stock valued at $2,444,000 after buying an additional 23,211 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Bay Commercial Bank by 120.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,862 shares of the company’s stock valued at $107,000 after buying an additional 2,113 shares during the period. Franklin Resources Inc. lifted its position in Bay Commercial Bank by 73.3% during the 3rd quarter. Franklin Resources Inc. now owns 22,252 shares of the company’s stock worth $640,000 after acquiring an additional 9,412 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Bay Commercial Bank by 6.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 22,297 shares of the company’s stock worth $641,000 after acquiring an additional 1,304 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Bay Commercial Bank by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 23,639 shares of the company’s stock valued at $655,000 after acquiring an additional 852 shares in the last quarter. 66.16% of the stock is owned by hedge funds and other institutional investors.

About Bay Commercial Bank

Bay Commercial Bank is a bank holding company that offers a full suite of commercial and consumer banking services through its subsidiary, Bay Commercial Bank. The institution emphasizes relationship-driven banking, focusing on the needs of small and medium-sized businesses, professionals, and individual customers.

The bank’s lending portfolio encompasses commercial real estate, construction and development financing, equipment loans, acquisition financing, and consumer credit products such as residential mortgages and personal lines of credit.