Bay Commercial Bank (NASDAQ:BCML – Get Free Report) Director Robert Laverne bought 1,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $29.95 per share, with a total value of $29,950.00. Following the acquisition, the director owned 91,628 shares in the company, valued at approximately $2,744,258.60. This trade represents a 1.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Bay Commercial Bank Trading Down 0.3%
NASDAQ BCML traded down $0.10 on Friday, hitting $29.97. 27,878 shares of the stock were exchanged, compared to its average volume of 48,513. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Bay Commercial Bank has a 52-week low of $26.78 and a 52-week high of $34.98. The firm has a market capitalization of $327.27 million, a P/E ratio of 24.98 and a beta of 0.27. The stock has a fifty day moving average price of $32.06 and a two-hundred day moving average price of $30.72.
Bay Commercial Bank (NASDAQ:BCML – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($1.28). The firm had revenue of $1.49 million during 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%. Research analysts forecast that Bay Commercial Bank will post 2.29 EPS for the current fiscal year.
Bay Commercial Bank Announces Dividend
Hedge Funds Weigh In On Bay Commercial Bank
Several institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of Bay Commercial Bank by 974.3% in the third quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock worth $31,000 after buying an additional 984 shares during the last quarter. Assetmark Inc. purchased a new stake in Bay Commercial Bank in the 1st quarter worth approximately $34,000. Tower Research Capital LLC TRC grew its stake in shares of 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 period. Kestra Advisory Services LLC purchased a new position in shares of Bay Commercial Bank during the 4th quarter valued at approximately $57,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Bay Commercial Bank by 107.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company’s stock valued at $62,000 after purchasing an additional 1,126 shares during the period. Institutional investors and hedge funds own 66.16% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on BCML shares. Zacks Research downgraded Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. DA Davidson cut Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a research note on Tuesday, May 26th. Wall Street Zen downgraded shares of Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings cut shares of Bay Commercial Bank from a “buy (a-)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.00.
Check Out Our Latest Stock Report on BCML
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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