Bay Commercial Bank (BCML) To Go Ex-Dividend on June 11th

Bay Commercial Bank (NASDAQ:BCML) declared a quarterly dividend on Tuesday, May 19th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.30 per share on Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, June 11th.

Bay Commercial Bank has a dividend payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bay Commercial Bank to earn $2.84 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 42.3%.

Bay Commercial Bank Stock Up 0.2%

Bay Commercial Bank stock opened at $31.82 on Tuesday. The stock has a market capitalization of $347.16 million, a PE ratio of 13.15 and a beta of 0.27. Bay Commercial Bank has a twelve month low of $25.84 and a twelve month high of $33.15. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $30.10 and a 200-day moving average of $29.83.

Bay Commercial Bank (NASDAQ:BCML) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.13. The company had revenue of $1.55 million during the quarter, compared to analysts’ expectations of $25.95 million. Bay Commercial Bank had a net margin of 18.41% and a return on equity of 7.84%. On average, equities research analysts anticipate that Bay Commercial Bank will post 2.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BCML has been the subject of several research analyst reports. Brean Capital cut shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating in a report on Friday, April 10th. DA Davidson cut shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a report on Tuesday, May 26th. Zacks Research cut shares of Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings upgraded shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bay Commercial Bank has an average rating of “Moderate Buy” and a consensus price target of $34.00.

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.