Bay Commercial Bank (NASDAQ:BCML) Director Acquires $29,950.00 in Stock

Bay Commercial Bank (NASDAQ:BCML) Director Robert Laverne acquired 1,000 shares of Bay Commercial Bank stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $29.95 per share, with a total value of $29,950.00. Following the completion of the acquisition, the director directly owned 91,628 shares in the company, valued at $2,744,258.60. This trade represents a 1.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Bay Commercial Bank Price Performance

Shares of Bay Commercial Bank stock opened at $30.00 on Monday. The firm has a market cap of $327.60 million, a P/E ratio of 25.00 and a beta of 0.27. The firm’s 50-day simple moving average is $32.02 and its 200-day simple moving average is $30.72. Bay Commercial Bank has a twelve month low of $26.78 and a twelve month high of $34.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04.

Bay Commercial Bank (NASDAQ:BCML) last posted its quarterly earnings results on Thursday, July 23rd. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($1.28). The business had revenue of $1.49 million during the quarter, compared to analyst estimates of $26.30 million. Bay Commercial Bank had a return on equity of 6.98% and a net margin of 9.20%. As a group, research analysts expect that Bay Commercial Bank will post 2.29 EPS for the current fiscal year.

Bay Commercial Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Bay Commercial Bank’s dividend payout ratio is presently 100.00%.

Institutional Trading of Bay Commercial Bank

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in shares of Bay Commercial Bank by 974.3% in the third quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock valued at $31,000 after acquiring an additional 984 shares during the last quarter. Assetmark Inc. bought a new stake in Bay Commercial Bank during the 1st quarter worth approximately $34,000. Tower Research Capital LLC TRC increased its holdings in 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 in the last quarter. Kestra Advisory Services LLC acquired a new stake in Bay Commercial Bank during the 4th quarter valued at $57,000. Finally, BNP Paribas Financial Markets raised its position 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 last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on BCML shares. Wall Street Zen lowered Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 15th. DA Davidson cut Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research report on Tuesday, May 26th. Zacks Research lowered Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings cut Bay Commercial Bank from a “buy (a-)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.00.

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.