Royce & Associates LP Sells 57,184 Shares of Bay Commercial Bank $BCML

Royce & Associates LP trimmed its position in shares of Bay Commercial Bank (NASDAQ:BCML) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 674,899 shares of the company’s stock after selling 57,184 shares during the quarter. Royce & Associates LP owned 6.19% of Bay Commercial Bank worth $19,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Bay Commercial Bank by 0.4% during the third quarter. Vanguard Group Inc. now owns 608,951 shares of the company’s stock valued at $17,507,000 after acquiring an additional 2,233 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Bay Commercial Bank by 12.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the company’s stock valued at $125,000 after purchasing an additional 475 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Bay Commercial Bank by 236.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,629 shares of the company’s stock valued at $45,000 after purchasing an additional 1,145 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Bay Commercial Bank by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,639 shares of the company’s stock valued at $655,000 after purchasing an additional 852 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Bay Commercial Bank by 2.7% in the 2nd quarter. Alliancebernstein L.P. now owns 450,874 shares of the company’s stock worth $12,494,000 after purchasing an additional 11,647 shares during the period. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BCML shares. Weiss Ratings restated a “buy (b)” rating on shares of Bay Commercial Bank in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Bay Commercial Bank from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Zacks Research raised Bay Commercial Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, DA Davidson increased their target price on shares of Bay Commercial Bank from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $34.00.

Bay Commercial Bank Stock Performance

NASDAQ BCML opened at $29.40 on Monday. The firm has a market cap of $320.46 million, a price-to-earnings ratio of 13.49 and a beta of 0.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $29.67 and a 200-day moving average price of $29.28. Bay Commercial Bank has a twelve month low of $22.22 and a twelve month high of $33.15.

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

Bay Commercial Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, March 12th. Bay Commercial Bank’s payout ratio is 55.05%.

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.