Bay Commercial Bank (NASDAQ:BCML) Shares Up 1.6% – Should You Buy?

Bay Commercial Bank (NASDAQ:BCML)’s stock price shot up 1.6% during mid-day trading on Friday . The company traded as high as $30.47 and last traded at $30.37. 13,934 shares changed hands during trading, a decline of 37% from the average session volume of 21,952 shares. The stock had previously closed at $29.89.

Wall Street Analysts Forecast Growth

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

Bay Commercial Bank Price Performance

The stock’s 50 day moving average is $29.12 and its two-hundred day moving average is $28.65. The stock has a market capitalization of $331.03 million, a PE ratio of 14.46 and a beta of 0.35. 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 (NASDAQ:BCML) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). Bay Commercial Bank had a return on equity of 7.04% and a net margin of 16.51%.The firm had revenue of $1.51 million for the quarter, compared to analyst estimates of $23.67 million. As a group, sell-side analysts forecast that Bay Commercial Bank will post 2.48 earnings per share for the current fiscal year.

Bay Commercial Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Thursday, December 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, December 11th. This is an increase from Bay Commercial Bank’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Bay Commercial Bank’s payout ratio is presently 57.14%.

Institutional Trading of Bay Commercial Bank

A number of institutional investors have recently bought and sold shares of the business. UBS Group AG boosted its position 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 acquiring an additional 144,316 shares in the last quarter. Wellington Management Group LLP lifted its stake in Bay Commercial Bank by 6.8% during the third quarter. Wellington Management Group LLP now owns 956,269 shares of the company’s stock worth $27,493,000 after purchasing an additional 60,656 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Bay Commercial Bank by 7.3% in the third quarter. Alliancebernstein L.P. now owns 483,852 shares of the company’s stock valued at $13,911,000 after purchasing an additional 32,978 shares in the last quarter. American Century Companies Inc. increased its stake in 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 purchasing an additional 26,070 shares during the last quarter. Finally, LSV Asset Management increased its stake in Bay Commercial Bank by 35.7% in the second quarter. LSV Asset Management now owns 88,211 shares of the company’s stock valued at $2,444,000 after purchasing an additional 23,211 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.