Insider Buying: Bay Commercial Bank (NASDAQ:BCML) Director Acquires $92,820.00 in Stock

Bay Commercial Bank (NASDAQ:BCML) Director Michael Perdue bought 3,000 shares of Bay Commercial Bank stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $30.94 per share, with a total value of $92,820.00. Following the purchase, the director directly owned 3,000 shares in the company, valued at $92,820. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Bay Commercial Bank Stock Performance

Shares of BCML stock opened at $31.05 on Friday. The firm has a market capitalization of $338.76 million, a price-to-earnings ratio of 12.83 and a beta of 0.27. 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 business has a fifty day moving average of $29.80 and a 200 day moving average of $29.67. Bay Commercial Bank has a 1 year low of $25.84 and a 1 year high of $33.15.

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

Bay Commercial Bank Announces Dividend

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

Institutional Investors Weigh In On Bay Commercial Bank

Institutional investors have recently modified their holdings of the business. Quantinno Capital Management LP grew its position in shares of Bay Commercial Bank by 18.8% during the 1st quarter. Quantinno Capital Management LP now owns 23,389 shares of the company’s stock valued at $695,000 after acquiring an additional 3,697 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Bay Commercial Bank during the 4th quarter valued at about $57,000. SmartHarvest Portfolios LLC acquired a new stake in shares of Bay Commercial Bank during the 4th quarter valued at about $217,000. BNP Paribas Financial Markets grew its position 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 valued at $62,000 after acquiring an additional 1,126 shares during the period. Finally, Russell Investments Group Ltd. grew 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 period. 66.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.