Bay Commercial Bank (BCML) – What Are Researchers Saying About This Stock?

Bay Commercial Bank (NASDAQ:BCML) has received an average rating of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.00.

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

Insider Buying and Selling at Bay Commercial Bank

In related news, CEO Christopher F. Baron purchased 8,250 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $30.39 per share, with a total value of $250,717.50. Following the completion of the transaction, the chief executive officer owned 9,247 shares of the company’s stock, valued at $281,016.33. This represents a 827.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert G. Laverne purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of $29.95 per share, with a total value of $29,950.00. Following the transaction, the director directly owned 92,628 shares of the company’s stock, valued at approximately $2,774,208.60. This represents a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 14,250 shares of company stock valued at $431,518 in the last three months. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Bay Commercial Bank

Several institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new stake in Bay Commercial Bank in the first quarter worth $34,000. Bank of America Corp DE boosted its holdings in shares of Bay Commercial Bank by 23.9% during the first quarter. Bank of America Corp DE now owns 14,780 shares of the company’s stock valued at $439,000 after acquiring an additional 2,854 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Bay Commercial Bank by 18.8% during the first quarter. Quantinno Capital Management LP now owns 23,389 shares of the company’s stock valued at $695,000 after acquiring an additional 3,697 shares during the period. Sei Investments Co. grew its position in shares of Bay Commercial Bank by 42.3% during the first quarter. Sei Investments Co. now owns 13,793 shares of the company’s stock worth $410,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Bay Commercial Bank by 9.9% during the first quarter. Empowered Funds LLC now owns 56,053 shares of the company’s stock worth $1,666,000 after acquiring an additional 5,052 shares during the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

Bay Commercial Bank Stock Performance

Bay Commercial Bank stock opened at $31.02 on Tuesday. Bay Commercial Bank has a 12-month low of $26.78 and a 12-month high of $34.98. The company has a market capitalization of $338.74 million, a price-to-earnings ratio of 25.85 and a beta of 0.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s fifty day moving average price is $30.49 and its 200 day moving average price is $30.95.

Bay Commercial Bank (NASDAQ:BCML) last issued its quarterly earnings data on Thursday, July 23rd. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($1.28). The firm 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%. On average, research analysts forecast that Bay Commercial Bank will post 2.14 EPS for the current fiscal year.

Bay Commercial Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.20 annualized dividend and a yield of 3.9%. Bay Commercial Bank’s payout ratio is currently 100.00%.

Bay Commercial Bank Company Profile

BayCom Corp. is the bank holding company for Bay Community Bank, a community banking institution formerly known as Bay Commercial Bank. Headquartered in Walnut Creek, California, the bank focuses on serving small and midsized businesses, professionals, nonprofit organizations and individuals in Northern California.

Bay Community Bank provides commercial and consumer banking services, including business loans, commercial real estate financing, construction and equipment loans, residential real estate loans, lines of credit, and consumer lending.