Bay Commercial Bank (NASDAQ:BCML) Director Michael Perdue Purchases 3,000 Shares of Stock

Bay Commercial Bank (NASDAQ:BCML) Director Michael Perdue bought 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $30.94 per share, with a total value of $92,820.00. Following the completion of the transaction, the director directly owned 3,000 shares of the company’s stock, valued at $92,820. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bay Commercial Bank Stock Performance

BCML opened at $30.77 on Wednesday. The company has a market capitalization of $335.67 million, a price-to-earnings ratio of 12.71 and a beta of 0.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 1.02. Bay Commercial Bank has a 1-year low of $25.84 and a 1-year high of $33.15. The business has a 50 day moving average price of $29.72 and a two-hundred day moving average price of $29.62.

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

Bay Commercial Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, June 11th. Bay Commercial Bank’s dividend payout ratio is 49.59%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Bay Commercial Bank by 10.7% in the fourth quarter. Wellington Management Group LLP now owns 1,058,935 shares of the company’s stock valued at $31,133,000 after buying an additional 102,666 shares in the last quarter. Vanguard Group Inc. raised its stake in Bay Commercial Bank by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 608,951 shares of the company’s stock valued at $17,507,000 after purchasing an additional 2,233 shares during the period. Alliancebernstein L.P. raised its stake in Bay Commercial Bank by 7.3% during the 3rd quarter. Alliancebernstein L.P. now owns 483,852 shares of the company’s stock valued at $13,911,000 after purchasing an additional 32,978 shares during the period. State Street Corp raised its stake in Bay Commercial Bank by 1.3% during the 4th quarter. State Street Corp now owns 175,767 shares of the company’s stock valued at $5,220,000 after purchasing an additional 2,339 shares during the period. Finally, UBS Group AG raised its stake in Bay Commercial Bank by 866.1% during the 3rd quarter. UBS Group AG now owns 160,978 shares of the company’s stock valued at $4,628,000 after purchasing an additional 144,316 shares during the period. Institutional investors own 66.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BCML. DA Davidson reaffirmed a “neutral” rating and issued a $34.00 price target on shares of Bay Commercial Bank in a report on Tuesday. Brean Capital cut Bay Commercial Bank from a “buy” rating to a “neutral” rating in a report on Friday, April 10th. Zacks Research cut Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings raised Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” 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.