Bay Commercial Bank (NASDAQ:BCML) Declares Quarterly Dividend of $0.30

Bay Commercial Bank (NASDAQ:BCML) declared a quarterly dividend on Thursday, February 19th. Investors of record on Thursday, March 12th will be paid a dividend of 0.30 per share on Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, March 12th.

Bay Commercial Bank has a dividend payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bay Commercial Bank to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 47.4%.

Bay Commercial Bank Stock Down 0.5%

NASDAQ BCML traded down $0.14 during trading hours on Friday, reaching $29.80. 3,488 shares of the company’s stock were exchanged, compared to its average volume of 21,664. Bay Commercial Bank has a one year low of $22.22 and a one year high of $33.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50-day moving average is $29.99 and its two-hundred day moving average is $29.16. The company has a market capitalization of $324.77 million, a price-to-earnings ratio of 13.67 and a beta of 0.33.

Bay Commercial Bank (NASDAQ:BCML) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Bay Commercial Bank had a return on equity of 7.22% and a net margin of 16.92%.The business had revenue of $0.89 million for the quarter, compared to analyst estimates of $25.03 million. On average, analysts forecast that Bay Commercial Bank will post 2.48 EPS for the current fiscal year.

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.