Bay Commercial Bank (NASDAQ:BCML) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Bay Commercial Bank (NASDAQ:BCML) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $30.51 and traded as high as $31.03. Bay Commercial Bank shares last traded at $30.64, with a volume of 74,690 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings cut Bay Commercial Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Wall Street Zen raised Bay Commercial Bank from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 5th. Zacks Research raised Bay Commercial Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Benchmark raised Bay Commercial Bank to a “strong-buy” rating in a research note on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Bay Commercial Bank currently has a consensus rating of “Hold” and a consensus target price of $34.00.

Bay Commercial Bank Price Performance

The stock has a market capitalization of $333.39 million, a PE ratio of 36.35 and a beta of 0.32. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $30.48 and its 200 day moving average is $30.53.

Bay Commercial Bank (NASDAQ:BCML) last released its earnings results on Thursday, October 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.46). The company had revenue of $18.73 million during the quarter, compared to analysts’ expectations of $26.41 million. Bay Commercial Bank had a return on equity of 7.54% and a net margin of 6.53%. As a group, equities analysts predict that Bay Commercial Bank will post 2.21 earnings per share for the current year.

Bay Commercial Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 10th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, September 10th. Bay Commercial Bank’s dividend payout ratio (DPR) is currently 142.86%.

Insider Activity at Bay Commercial Bank

In other news, Director Robert Laverne bought 1,000 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of $29.95 per share, for a total transaction of $29,950.00. Following the completion of the purchase, the director directly owned 92,628 shares of the company’s stock, valued at $2,774,208.60. This trade represents a 1.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Baron bought 8,250 shares of the company’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $30.39 per share, for a total transaction of $250,717.50. Following the completion of the transaction, the chief executive officer owned 9,247 shares in the company, valued at approximately $281,016.33. The trade was a 827.48% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 14,250 shares of company stock valued at $431,518. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Bay Commercial Bank

Large investors have recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in Bay Commercial Bank by 9.9% in the first quarter. Empowered Funds LLC now owns 56,053 shares of the company’s stock worth $1,666,000 after buying an additional 5,052 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Bay Commercial Bank by 18.8% in the first quarter. Quantinno Capital Management LP now owns 23,389 shares of the company’s stock valued at $695,000 after acquiring an additional 3,697 shares during the last quarter. Bank of America Corp DE lifted its stake in Bay Commercial Bank by 23.9% in the first quarter. Bank of America Corp DE now owns 14,780 shares of the company’s stock valued at $439,000 after acquiring an additional 2,854 shares during the last quarter. Sei Investments Co. lifted its stake in Bay Commercial Bank by 42.3% in the first quarter. Sei Investments Co. now owns 13,793 shares of the company’s stock valued at $410,000 after acquiring an additional 4,100 shares during the last quarter. Finally, IMC Chicago LLC bought a new stake in Bay Commercial Bank in the second quarter worth approximately $418,000. Institutional investors own 66.16% of the company’s stock.

Bay Commercial Bank Company Profile

Bay Commercial Bank is a community-focused commercial bank associated with BayCom Corp. The institution provides banking services to businesses, professionals and individuals, with an emphasis on relationship-based commercial banking.

Its products and services include commercial and real estate lending, construction and small-business loans, business checking and savings accounts, personal deposit accounts, cash-management services, online banking and other traditional financial services.

The bank originated in California and has served businesses and communities in the western United States through its branch network and commercial banking operations.