Bay Commercial Bank (NASDAQ:BCML) Posts Earnings Results, Misses Expectations By $0.02 EPS

Bay Commercial Bank (NASDAQ:BCML) released its earnings results on Thursday. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02), FiscalAI reports. Bay Commercial Bank had a net margin of 16.51% and a return on equity of 7.04%. The business had revenue of $0.89 million during the quarter, compared to analyst estimates of $25.03 million.

Bay Commercial Bank Stock Performance

Bay Commercial Bank stock opened at $30.09 on Friday. The firm has a market capitalization of $327.98 million, a PE ratio of 14.33 and a beta of 0.34. Bay Commercial Bank has a one year low of $22.22 and a one year high of $33.15. The stock’s 50 day moving average price is $29.63 and its 200 day moving average price is $28.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.02 and a current ratio of 1.02.

Bay Commercial Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, December 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from Bay Commercial Bank’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. Bay Commercial Bank’s dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bay Commercial Bank in a research note on Wednesday. Wall Street Zen upgraded shares of Bay Commercial Bank from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $32.00 price target on shares of Bay Commercial Bank in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BCML. BNP Paribas Financial Markets increased its position in shares of Bay Commercial Bank by 107.5% during the third quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company’s stock worth $62,000 after acquiring an additional 1,126 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Bay Commercial Bank by 73.3% in the third quarter. Franklin Resources Inc. now owns 22,252 shares of the company’s stock valued at $640,000 after purchasing an additional 9,412 shares during the last quarter. Russell Investments Group Ltd. grew its stake in 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 purchasing an additional 984 shares in the last quarter. Vanguard Group Inc. increased its holdings in Bay Commercial Bank by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 608,951 shares of the company’s stock worth $17,507,000 after purchasing an additional 2,233 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Bay Commercial Bank by 236.6% during the 2nd 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 last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

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.