Bay Commercial Bank (NASDAQ:BCML) Stock Price Up 1.2% – Here’s Why

Bay Commercial Bank (NASDAQ:BCML) was up 1.2% during trading on Tuesday . The company traded as high as $30.67 and last traded at $30.54. Approximately 76,903 shares changed hands during trading, an increase of 60% from the average daily volume of 47,936 shares. The stock had previously closed at $30.18.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BCML shares. Brean Capital cut Bay Commercial Bank from a “buy” rating to a “neutral” rating in a research note on Friday, April 10th. Zacks Research cut Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. DA Davidson reiterated a “buy” rating and set a $34.00 target price on shares of Bay Commercial Bank in a research note on Tuesday, April 28th. Finally, Weiss Ratings raised shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bay Commercial Bank presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Bay Commercial Bank Stock Up 1.2%

The stock’s 50-day moving average price is $29.51 and its two-hundred day moving average price is $29.50. The stock has a market capitalization of $333.19 million, a P/E ratio of 12.62 and a beta of 0.27. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02.

Bay Commercial Bank (NASDAQ:BCML) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.62 by $0.13. The company had revenue of $1.55 million during the quarter, compared to the consensus estimate of $25.95 million. Bay Commercial Bank had a net margin of 18.41% and a return on equity of 7.84%. As a group, research analysts expect that Bay Commercial Bank will post 2.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BCML. Russell Investments Group Ltd. boosted its holdings 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 valued at $31,000 after purchasing an additional 984 shares during the period. Assetmark Inc. bought a new position in Bay Commercial Bank in the 1st quarter valued at $34,000. Tower Research Capital LLC TRC boosted its holdings in Bay Commercial Bank by 236.6% in 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 period. Kestra Advisory Services LLC bought a new position in Bay Commercial Bank in the 4th quarter valued at $57,000. Finally, BNP Paribas Financial Markets boosted its holdings in Bay Commercial Bank by 107.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company’s stock valued at $62,000 after purchasing 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.