Bay Commercial Bank (NASDAQ:BCML) CEO Buys $250,717.50 in Stock

Bay Commercial Bank (NASDAQ:BCML) CEO Christopher Baron purchased 8,250 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $30.39 per share, for a total transaction of $250,717.50. Following the purchase, the chief executive officer directly owned 9,247 shares in the company, valued at $281,016.33. This represents a 827.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bay Commercial Bank Trading Up 1.7%

NASDAQ BCML traded up $0.52 on Tuesday, hitting $30.91. 8,364 shares of the company were exchanged, compared to its average volume of 47,765. 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 twelve month low of $26.78 and a twelve month high of $34.98. The firm has a market capitalization of $337.17 million, a P/E ratio of 25.76 and a beta of 0.28. The company’s 50 day moving average price is $32.19 and its 200-day moving average price is $30.63.

Bay Commercial Bank (NASDAQ:BCML) last released 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 net margin of 9.20% and a return on equity of 6.96%. The firm had revenue of $1.49 million for the quarter, compared to analyst estimates of $26.30 million. Analysts predict that Bay Commercial Bank will post 2.29 earnings per share for the current fiscal year.

Bay Commercial Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. Bay Commercial Bank’s dividend payout ratio (DPR) is 100.00%.

Institutional Trading of Bay Commercial Bank

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Bay Commercial Bank by 10.7% in the 4th quarter. Wellington Management Group LLP now owns 1,058,935 shares of the company’s stock valued at $31,133,000 after acquiring an additional 102,666 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Bay Commercial Bank by 0.4% in the third 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. lifted its stake in shares of Bay Commercial Bank by 7.3% in the third quarter. Alliancebernstein L.P. now owns 483,852 shares of the company’s stock worth $13,911,000 after buying an additional 32,978 shares during the last quarter. State Street Corp boosted its holdings in shares of Bay Commercial Bank by 1.3% during the 4th quarter. State Street Corp now owns 175,767 shares of the company’s stock worth $5,220,000 after buying an additional 2,339 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Bay Commercial Bank by 866.1% during the 3rd quarter. UBS Group AG now owns 160,978 shares of the company’s stock worth $4,628,000 after buying an additional 144,316 shares during the period. Institutional investors and hedge funds own 66.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BCML. DA Davidson downgraded shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Tuesday, May 26th. Zacks Research cut Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. 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 investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bay Commercial Bank has an average rating of “Hold” and an average target price of $34.00.

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.