Bay Commercial Bank (NASDAQ:BCML) Issues Earnings Results, Misses Expectations By $0.02 EPS

Bay Commercial Bank (NASDAQ:BCML) announced its quarterly earnings data on Thursday. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02), FiscalAI reports. The business had revenue of $0.89 million for the quarter. Bay Commercial Bank had a return on equity of 7.04% and a net margin of 16.51%.

Bay Commercial Bank Stock Performance

Shares of NASDAQ BCML traded up $0.26 during mid-day trading on Thursday, hitting $30.09. The company had a trading volume of 15,715 shares, compared to its average volume of 17,780. The stock has a market cap of $327.98 million, a price-to-earnings ratio of 14.33 and a beta of 0.34. The firm’s 50 day simple moving average is $29.60 and its two-hundred day simple moving average is $28.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.02 and a quick ratio of 1.02. Bay Commercial Bank has a 12 month low of $22.22 and a 12 month high of $33.15.

Bay Commercial Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, December 11th were issued a $0.30 dividend. This is a boost from Bay Commercial Bank’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. Bay Commercial Bank’s dividend payout ratio (DPR) is presently 57.14%.

Institutional Trading of Bay Commercial Bank

A number of large investors have recently modified their holdings of BCML. Rhumbline Advisers grew its stake in shares of Bay Commercial Bank by 3.5% in the 2nd quarter. Rhumbline Advisers now owns 16,673 shares of the company’s stock worth $462,000 after purchasing an additional 564 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Bay Commercial Bank by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 23,639 shares of the company’s stock valued at $655,000 after buying an additional 852 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of 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. BNP Paribas Financial Markets boosted its stake in shares of Bay Commercial Bank by 107.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company’s stock worth $62,000 after acquiring an additional 1,126 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Bay Commercial Bank by 236.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,629 shares of the company’s stock worth $45,000 after acquiring an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Bay Commercial Bank from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Bay Commercial Bank in a research report on Wednesday, October 8th. Finally, DA Davidson restated a “buy” rating and set a $32.00 price objective on shares of Bay Commercial Bank in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bay Commercial Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

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.