Bay Commercial Bank (BCML) – What Are Brokerages Thinking About This Stock?

Shares of Bay Commercial Bank (NASDAQ:BCML) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $34.00.

A number of analysts have recently commented on the company. Wall Street Zen upgraded Bay Commercial Bank from a “strong sell” rating to a “sell” rating in a report on Saturday, September 5th. Zacks Research upgraded Bay Commercial Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings downgraded Bay Commercial Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Finally, Benchmark upgraded Bay Commercial Bank to a “strong-buy” rating in a research note on Wednesday, September 23rd.

Insider Transactions at Bay Commercial Bank

In other Bay Commercial Bank news, Director Robert G. Laverne acquired 1,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $29.95 per share, with a total value of $29,950.00. Following the completion of the transaction, the director directly owned 92,628 shares of the company’s stock, valued at approximately $2,774,208.60. The trade was a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher F. Baron purchased 8,250 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $30.39 per share, with a total value of $250,717.50. Following the completion of the acquisition, the chief executive officer owned 9,247 shares in the company, valued at $281,016.33. This represents a 827.48% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 14,250 shares of company stock worth $431,518. 2.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bay Commercial Bank

Several institutional investors and hedge funds have recently modified their holdings of BCML. NewEdge Advisors LLC acquired a new position in Bay Commercial Bank during the 2nd quarter worth approximately $269,000. IMC Chicago LLC acquired a new position in shares of Bay Commercial Bank during the second quarter worth $418,000. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 2,854 shares during the period. Empowered Funds LLC boosted its stake in shares of Bay Commercial Bank by 9.9% in the first quarter. Empowered Funds LLC now owns 56,053 shares of the company’s stock valued at $1,666,000 after purchasing an additional 5,052 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Bay Commercial Bank by 18.8% during the 1st quarter. Quantinno Capital Management LP now owns 23,389 shares of the company’s stock valued at $695,000 after purchasing an additional 3,697 shares in the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

Bay Commercial Bank Price Performance

NASDAQ:BCML opened at $30.64 on Tuesday. The firm has a market cap of $334.59 million, a price-to-earnings ratio of 36.48 and a beta of 0.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average is $30.49 and its two-hundred day moving average is $30.51. Bay Commercial Bank has a 12-month low of $26.78 and a 12-month high of $34.98.

Bay Commercial Bank (NASDAQ:BCML) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.46). Bay Commercial Bank had a return on equity of 7.54% and a net margin of 6.53%. The business had revenue of $18.73 million for the quarter, compared to analyst estimates of $26.41 million. Research analysts expect that Bay Commercial Bank will post 2.14 EPS for the current year.

Bay Commercial Bank Dividend Announcement

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

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.