Bay Commercial Bank (BCML) to Issue Quarterly Dividend of $0.30 on October 8th

Bay Commercial Bank (NASDAQ:BCML) announced a quarterly dividend on Wednesday, August 19th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.30 per share on Thursday, October 8th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 10th.

Bay Commercial Bank has a dividend payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bay Commercial Bank to earn $2.35 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 51.1%.

Bay Commercial Bank Price Performance

BCML stock opened at $30.80 on Tuesday. Bay Commercial Bank has a fifty-two week low of $26.78 and a fifty-two week high of $34.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $336.34 million, a price-to-earnings ratio of 25.67 and a beta of 0.28. The business’s fifty day moving average price is $31.64 and its two-hundred day moving average price is $30.70.

Bay Commercial Bank (NASDAQ:BCML) last announced its earnings results on Thursday, July 23rd. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of $0.64 by ($1.28). The business had revenue of $1.49 million for the quarter, compared to the consensus estimate of $26.30 million. Bay Commercial Bank had a return on equity of 6.98% and a net margin of 9.20%. On average, equities analysts anticipate that Bay Commercial Bank will post 2.05 earnings per share for the current year.

Insider Activity

In other Bay Commercial Bank news, Director Michael Perdue bought 5,000 shares of Bay Commercial Bank stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $30.17 per share, with a total value of $150,850.00. Following the acquisition, the director directly owned 8,000 shares of the company’s stock, valued at $241,360. The trade was a 166.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Laverne acquired 1,000 shares of Bay Commercial Bank stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average cost of $29.95 per share, for a total transaction of $29,950.00. Following the purchase, the director owned 92,628 shares of the company’s stock, valued at $2,774,208.60. The trade was a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 14,250 shares of company stock valued at $431,518. 2.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BCML. Russell Investments Group Ltd. boosted its stake in shares of 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 last quarter. Assetmark Inc. bought a new position in Bay Commercial Bank during the first quarter worth $34,000. Tower Research Capital LLC TRC lifted its holdings in Bay Commercial Bank by 236.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,629 shares of the company’s stock valued at $45,000 after buying an additional 1,145 shares during the period. Kestra Advisory Services LLC bought a new stake in Bay Commercial Bank during the fourth quarter valued at $57,000. Finally, BNP Paribas Financial Markets boosted its position in Bay Commercial Bank by 107.5% during the third 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 last quarter. Institutional investors own 66.16% of the company’s stock.

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.