Michael Perdue Buys 2,000 Shares of Bay Commercial Bank (NASDAQ:BCML) Stock

Bay Commercial Bank (NASDAQ:BCML) Director Michael Perdue acquired 2,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $30.94 per share, with a total value of $61,880.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately $61,880. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bay Commercial Bank Trading Up 0.2%

NASDAQ:BCML opened at $30.84 on Thursday. Bay Commercial Bank has a 1 year low of $25.84 and a 1 year high of $33.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $336.46 million, a P/E ratio of 12.74 and a beta of 0.27. The stock has a 50-day simple moving average of $29.75 and a 200-day simple moving average of $29.64.

Bay Commercial Bank (NASDAQ:BCML) last posted its earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.13. Bay Commercial Bank had a return on equity of 7.84% and a net margin of 18.41%.The business had revenue of $1.55 million during the quarter, compared to the consensus estimate of $25.95 million. As a group, analysts anticipate that Bay Commercial Bank will post 2.7 earnings per share for the current fiscal year.

Bay Commercial Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, June 11th. Bay Commercial Bank’s payout ratio is presently 49.59%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings raised Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 20th. Brean Capital downgraded Bay Commercial Bank from a “buy” rating to a “neutral” rating in a report on Friday, April 10th. Zacks Research downgraded Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, DA Davidson downgraded Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Institutional Trading of Bay Commercial Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCML. Russell Investments Group Ltd. raised its stake in Bay Commercial Bank by 974.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock valued at $31,000 after acquiring an additional 984 shares during the last quarter. Assetmark Inc. purchased a new stake in Bay Commercial Bank during the 1st quarter valued at approximately $34,000. Tower Research Capital LLC TRC raised its stake in Bay Commercial Bank by 236.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,629 shares of the company’s stock valued at $45,000 after acquiring an additional 1,145 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Bay Commercial Bank during the 4th quarter valued at approximately $57,000. Finally, BNP Paribas Financial Markets raised its stake in Bay Commercial Bank by 107.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company’s stock valued at $62,000 after acquiring an additional 1,126 shares during the last quarter. 66.16% of the stock is owned by hedge funds and other institutional investors.

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.