Bay Commercial Bank (NASDAQ:BCML) Trading Up 1.6% – What’s Next?

Shares of Bay Commercial Bank (NASDAQ:BCML) shot up 1.6% during mid-day trading on Friday . The company traded as high as $30.47 and last traded at $30.37. 13,934 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 21,952 shares. The stock had previously closed at $29.89.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BCML shares. Wall Street Zen upgraded Bay Commercial Bank from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bay Commercial Bank in a report on Wednesday, October 8th. Finally, DA Davidson reissued a “buy” rating and set a $32.00 price target on shares of Bay Commercial Bank in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Bay Commercial Bank Trading Up 1.6%

The firm has a market cap of $331.03 million, a price-to-earnings ratio of 14.46 and a beta of 0.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average price of $29.12 and a 200 day moving average price of $28.65.

Bay Commercial Bank (NASDAQ:BCML) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). Bay Commercial Bank had a net margin of 16.51% and a return on equity of 7.04%. The company had revenue of $1.51 million during the quarter, compared to analysts’ expectations of $23.67 million. On average, research analysts expect that Bay Commercial Bank will post 2.48 earnings per share for the current year.

Bay Commercial Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Thursday, December 11th will be paid a $0.30 dividend. This is a positive change from Bay Commercial Bank’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Bay Commercial Bank’s payout ratio is presently 57.14%.

Institutional Trading of Bay Commercial Bank

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in Bay Commercial Bank by 974.3% during the third quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock worth $31,000 after purchasing an additional 984 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of 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 buying an additional 1,145 shares during the period. BNP Paribas Financial Markets lifted its stake in Bay Commercial Bank by 107.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company’s stock worth $62,000 after acquiring an additional 1,126 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Bay Commercial Bank by 120.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,862 shares of the company’s stock worth $107,000 after acquiring an additional 2,113 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Bay Commercial Bank by 119,480.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,979 shares of the company’s stock valued at $166,000 after acquiring an additional 5,974 shares during the period. Institutional investors and hedge funds own 66.16% of the company’s stock.

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.