Bay Commercial Bank (NASDAQ:BCML – Get Free Report) declared a quarterly dividend on Friday, May 22nd. 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 3.9%. The ex-dividend date is Thursday, June 11th.
Bay Commercial Bank has a payout ratio of 47.6% meaning 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 Down 0.5%
Shares of BCML stock traded down $0.16 on Friday, hitting $31.01. 76,790 shares of the stock were exchanged, compared to its average volume of 33,635. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $338.32 million, a P/E ratio of 12.81 and a beta of 0.27. The business has a 50-day moving average of $29.60 and a 200 day moving average of $29.55. Bay Commercial Bank has a fifty-two week low of $25.84 and a fifty-two week high of $33.15.
Institutional Trading of Bay Commercial Bank
Several hedge funds have recently added to or reduced their stakes in BCML. Russell Investments Group Ltd. lifted its holdings 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 worth $31,000 after purchasing an additional 984 shares during the last quarter. Assetmark Inc. bought a new position in Bay Commercial Bank during the 1st quarter worth $34,000. Tower Research Capital LLC TRC increased its stake 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 acquiring an additional 1,145 shares during the period. Kestra Advisory Services LLC bought a new position in Bay Commercial Bank during the 4th quarter worth $57,000. Finally, BNP Paribas Financial Markets increased its stake in Bay Commercial Bank by 107.5% during the 3rd 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 period. 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.
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