Bay Commercial Bank (NASDAQ:BCML – Get Free Report) Director Michael Perdue purchased 3,000 shares of Bay Commercial Bank stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $30.94 per share, with a total value of $92,820.00. Following the transaction, the director owned 3,000 shares in the company, valued at $92,820. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Bay Commercial Bank Stock Down 0.8%
NASDAQ BCML traded down $0.24 during mid-day trading on Tuesday, hitting $30.77. The company’s stock had a trading volume of 95,999 shares, compared to its average volume of 34,264. The company’s 50 day simple moving average is $29.68 and its 200 day simple moving average is $29.60. Bay Commercial Bank has a twelve month low of $25.84 and a twelve month high of $33.15. 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 $335.70 million, a price-to-earnings ratio of 12.71 and a beta of 0.27.
Bay Commercial Bank (NASDAQ:BCML – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13. Bay Commercial Bank had a net margin of 18.41% and a return on equity of 7.84%. The business had revenue of $1.55 million during the quarter, compared to the consensus estimate of $25.95 million. Analysts anticipate that Bay Commercial Bank will post 2.7 earnings per share for the current year.
Bay Commercial Bank Announces Dividend
Analyst Ratings Changes
Several research firms recently issued reports on BCML. Zacks Research downgraded shares of Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings raised shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 20th. DA Davidson reissued a “neutral” rating and issued a $34.00 price target on shares of Bay Commercial Bank in a research report on Tuesday. Finally, Brean Capital downgraded shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.
Check Out Our Latest Stock Analysis on Bay Commercial Bank
Hedge Funds Weigh In On Bay Commercial Bank
Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Bay Commercial Bank by 119,480.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,979 shares of the company’s stock worth $166,000 after acquiring an additional 5,974 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings 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 last quarter. Kestra Advisory Services LLC purchased a new position in Bay Commercial Bank during the 4th quarter worth $57,000. Tower Research Capital LLC TRC boosted 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 acquiring an additional 1,145 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted 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 acquiring an additional 984 shares during the last quarter. 66.16% of the stock is owned by hedge funds and other 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.
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