Bay Commercial Bank (NASDAQ:BCML) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Bay Commercial Bank (NASDAQ:BCML – Free Report) from a sell rating to a hold rating in a research report report published on Sunday morning.

Bay Commercial Bank Trading Up 1.7%

Shares of Bay Commercial Bank stock opened at $28.19 on Friday. Bay Commercial Bank has a 1 year low of $19.26 and a 1 year high of $30.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a fifty day moving average price of $26.75 and a 200-day moving average price of $26.61. The firm has a market cap of $310.37 million, a PE ratio of 13.42 and a beta of 0.53.

Bay Commercial Bank (NASDAQ:BCML – Get Free Report) last issued its earnings results on Thursday, April 17th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $32.65 million during the quarter, compared to the consensus estimate of $24.07 million. Bay Commercial Bank had a return on equity of 7.26% and a net margin of 16.94%. Equities research analysts anticipate that Bay Commercial Bank will post 2.48 EPS for the current year.

Bay Commercial Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.20 per share. This is a boost from Bay Commercial Bank’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, June 12th. Bay Commercial Bank’s dividend payout ratio (DPR) is 38.10%.

Hedge Funds Weigh In On Bay Commercial Bank

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in shares of Bay Commercial Bank by 41.6% in the fourth quarter. Wellington Management Group LLP now owns 930,498 shares of the company’s stock worth $24,975,000 after purchasing an additional 273,135 shares during the last quarter. Royce & Associates LP boosted its position in Bay Commercial Bank by 11.1% during the 4th quarter. Royce & Associates LP now owns 603,286 shares of the company’s stock valued at $16,192,000 after buying an additional 60,075 shares during the period. Woodward Diversified Capital LLC purchased a new stake in Bay Commercial Bank during the 1st quarter valued at $755,000. Citadel Advisors LLC bought a new stake in Bay Commercial Bank in the 4th quarter worth $732,000. Finally, American Century Companies Inc. increased its position in shares of Bay Commercial Bank by 40.7% in the first quarter. American Century Companies Inc. now owns 90,121 shares of the company’s stock valued at $2,268,000 after acquiring an additional 26,070 shares during the period. 66.16% of the stock is owned by hedge funds and other institutional investors.

About Bay Commercial Bank

(Get Free Report)

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company provides demand, savings, money market, and time deposit accounts. It offers commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection.

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