Royce & Associates LP Trims Stake in Bay Commercial Bank $BCML

Royce & Associates LP lowered its stake in shares of Bay Commercial Bank (NASDAQ:BCML) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 655,053 shares of the company’s stock after selling 19,846 shares during the quarter. Royce & Associates LP owned about 0.06% of Bay Commercial Bank worth $19,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of Bay Commercial Bank by 8.2% during the first quarter. Empowered Funds LLC now owns 37,226 shares of the company’s stock valued at $937,000 after buying an additional 2,827 shares during the period. Two Sigma Investments LP increased its position in shares of Bay Commercial Bank by 47.5% during the third quarter. Two Sigma Investments LP now owns 27,377 shares of the company’s stock valued at $787,000 after buying an additional 8,811 shares during the period. Ameriprise Financial Inc. increased its position in shares of Bay Commercial Bank by 3.7% during 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 during the period. Mercer Global Advisors Inc. ADV boosted its stake in Bay Commercial Bank by 6.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 22,297 shares of the company’s stock worth $641,000 after acquiring an additional 1,304 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Bay Commercial Bank by 3.5% during the second quarter. Rhumbline Advisers now owns 16,673 shares of the company’s stock worth $462,000 after acquiring an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on BCML shares. Zacks Research lowered shares of Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings raised shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, April 20th. Brean Capital lowered shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating in a research note on Friday, April 10th. Finally, DA Davidson reissued a “neutral” rating and set a $34.00 price objective on shares of Bay Commercial Bank in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Bay Commercial Bank presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Insider Activity

In other news, Director Michael J. Perdue bought 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $30.94 per share, for a total transaction of $92,820.00. Following the completion of the purchase, the director owned 3,000 shares in the company, valued at approximately $92,820. This represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Bay Commercial Bank Trading Down 0.8%

NASDAQ:BCML opened at $30.77 on Wednesday. Bay Commercial Bank has a one year low of $25.84 and a one year high of $33.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50-day simple moving average is $29.72 and its 200 day simple moving average is $29.62. The firm has a market capitalization of $335.67 million, a P/E ratio of 12.71 and a beta of 0.27.

Bay Commercial Bank (NASDAQ:BCML) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.62 by $0.13. Bay Commercial Bank had a net margin of 18.41% and a return on equity of 7.84%. The business had revenue of $1.55 million for the quarter, compared to analyst estimates of $25.95 million. As a group, analysts forecast that Bay Commercial Bank will post 2.7 EPS 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, June 11th. Bay Commercial Bank’s dividend payout ratio is currently 49.59%.

Bay Commercial Bank 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.