Insider Buying: Bay Commercial Bank (NASDAQ:BCML) CEO Buys $250,717.50 in Stock

Bay Commercial Bank (NASDAQ:BCML) CEO Christopher Baron bought 8,250 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $30.39 per share, for a total transaction of $250,717.50. Following the completion of the acquisition, the chief executive officer directly owned 9,247 shares in the company, valued at $281,016.33. The trade was a 827.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bay Commercial Bank Stock Down 0.4%

BCML opened at $31.06 on Friday. The stock’s fifty day simple moving average is $32.20 and its 200 day simple moving average is $30.66. Bay Commercial Bank has a 1-year low of $26.78 and a 1-year high of $34.98. The stock has a market cap of $339.18 million, a PE ratio of 25.88 and a beta of 0.27. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02.

Bay Commercial Bank (NASDAQ:BCML) last released its quarterly earnings data on Thursday, July 23rd. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($1.28). Bay Commercial Bank had a return on equity of 6.96% and a net margin of 9.20%.The company had revenue of $1.49 million for the quarter, compared to the consensus estimate of $26.30 million. As a group, research analysts expect that Bay Commercial Bank will post 2.29 earnings per share for the current year.

Bay Commercial Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 11th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. Bay Commercial Bank’s payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BCML shares. Weiss Ratings raised shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 30th. DA Davidson cut Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a report on Tuesday, May 26th. Finally, Zacks Research downgraded Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.00.

Hedge Funds Weigh In On Bay Commercial Bank

A number of hedge funds have recently bought and sold shares of BCML. Russell Investments Group Ltd. boosted its holdings in Bay Commercial Bank by 974.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock valued at $31,000 after purchasing an additional 984 shares during the period. Assetmark Inc. bought a new position in shares of Bay Commercial Bank during the first quarter worth approximately $34,000. Tower Research Capital LLC TRC increased its holdings in shares of Bay Commercial Bank by 236.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,629 shares of the company’s stock worth $45,000 after purchasing an additional 1,145 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Bay Commercial Bank in the fourth quarter valued at approximately $57,000. Finally, BNP Paribas Financial Markets raised its position in shares of Bay Commercial Bank by 107.5% in the third quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company’s stock valued at $62,000 after buying an additional 1,126 shares in the last quarter. 66.16% of the stock is owned by institutional investors.

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.