Bay Commercial Bank (NASDAQ:BCML) CEO Christopher Baron Buys 8,250 Shares

Bay Commercial Bank (NASDAQ:BCML) CEO Christopher Baron bought 8,250 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $30.39 per share, for a total transaction of $250,717.50. Following the completion of the transaction, the chief executive officer owned 9,247 shares in the company, valued at $281,016.33. This represents a 827.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Bay Commercial Bank Stock Performance

Bay Commercial Bank stock opened at $31.25 on Wednesday. Bay Commercial Bank has a 52 week low of $26.78 and a 52 week high of $34.98. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02. The stock has a market cap of $340.91 million, a P/E ratio of 26.04 and a beta of 0.28. The stock has a 50 day moving average of $32.20 and a 200-day moving average of $30.64.

Bay Commercial Bank (NASDAQ:BCML) last issued its quarterly earnings results on Thursday, July 23rd. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($1.28). Bay Commercial Bank had a return on equity of 6.96% and a net margin of 9.20%.The company had revenue of $1.49 million during the quarter, compared to the consensus estimate of $26.30 million. On average, analysts expect that Bay Commercial Bank will post 2.29 EPS for the current fiscal year.

Bay Commercial Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. Bay Commercial Bank’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Upgrades and Downgrades

BCML has been the topic of a number of research analyst reports. Zacks Research downgraded Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. DA Davidson downgraded Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a report on Tuesday, May 26th. Finally, Weiss Ratings raised Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.00.

Institutional Investors Weigh In On Bay Commercial Bank

Institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in Bay Commercial Bank in the fourth quarter valued at approximately $57,000. SmartHarvest Portfolios LLC bought a new position in shares of Bay Commercial Bank during the fourth quarter valued at approximately $217,000. BNP Paribas Financial Markets raised its position in shares of 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 purchasing an additional 1,126 shares during the period. Russell Investments Group Ltd. raised its position in shares of Bay Commercial Bank by 974.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock worth $31,000 after purchasing an additional 984 shares during the period. Finally, Tower Research Capital LLC TRC lifted 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 worth $45,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors 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.