Insider Buying: Bay Commercial Bank (NASDAQ:BCML) Director Acquires 5,000 Shares

Bay Commercial Bank (NASDAQ:BCML) Director Michael Perdue purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $30.17 per share, with a total value of $150,850.00. Following the transaction, the director directly owned 8,000 shares of the company’s stock, valued at approximately $241,360. This represents a 166.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bay Commercial Bank Price Performance

NASDAQ BCML traded up $1.00 during trading on Monday, reaching $31.18. 24,043 shares of the company traded hands, compared to its average volume of 47,804. Bay Commercial Bank has a 1-year low of $26.72 and a 1-year high of $34.98. The company has a market cap of $340.14 million, a price-to-earnings ratio of 25.85 and a beta of 0.27. The stock’s 50 day moving average price is $32.22 and its two-hundred day moving average price is $30.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02.

Bay Commercial Bank (NASDAQ:BCML) last posted its earnings results on Thursday, July 23rd. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of $0.64 by ($1.28). Bay Commercial Bank had a return on equity of 6.96% and a net margin of 9.20%.The company had revenue of $1.49 million for the quarter, compared to the consensus estimate of $26.30 million. As a group, analysts anticipate that Bay Commercial Bank will post 2.29 EPS for the current year.

Bay Commercial Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, June 11th. Bay Commercial Bank’s payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

BCML has been the subject of several analyst reports. DA Davidson downgraded shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a report on Tuesday, May 26th. Brean Capital lowered shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating in a report on Friday, April 10th. Weiss Ratings upgraded shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday. Finally, Zacks Research lowered Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Bay Commercial Bank has a consensus rating of “Hold” and a consensus price target of $34.00.

Institutional Trading of Bay Commercial Bank

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its position in Bay Commercial Bank by 974.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock worth $31,000 after purchasing an additional 984 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Bay Commercial Bank in the 1st quarter valued at $34,000. Tower Research Capital LLC TRC raised its position in shares of Bay Commercial Bank by 236.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,629 shares of the company’s stock worth $45,000 after acquiring an additional 1,145 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Bay Commercial Bank during the fourth quarter worth $57,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Bay Commercial Bank by 107.5% during the third quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company’s stock valued at $62,000 after acquiring an additional 1,126 shares during the period. 66.16% of the stock is owned by institutional investors.

Bay Commercial Bank Company Profile

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.