UBS Group AG Has $3.46 Million Stake in Bay Commercial Bank $BCML

UBS Group AG decreased its holdings in shares of Bay Commercial Bank (NASDAQ:BCML) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,820 shares of the company’s stock after selling 43,158 shares during the quarter. UBS Group AG owned approximately 1.08% of Bay Commercial Bank worth $3,464,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in Bay Commercial Bank by 974.3% in the third quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock valued at $31,000 after acquiring an additional 984 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake 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 acquiring an additional 1,145 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Bay Commercial Bank by 107.5% in 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. PNC Financial Services Group Inc. lifted its stake in Bay Commercial Bank by 12.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the company’s stock valued at $125,000 after acquiring an additional 475 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Bay Commercial Bank by 119,480.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,979 shares of the company’s stock valued at $166,000 after acquiring an additional 5,974 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BCML. Zacks Research cut shares of Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Brean Capital cut shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating in a research note on Friday, April 10th. DA Davidson reiterated a “buy” rating and issued a $34.00 price target on shares of Bay Commercial Bank in a research note on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Bay Commercial Bank currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Bay Commercial Bank Price Performance

Shares of BCML opened at $31.01 on Monday. The firm has a market capitalization of $338.32 million, a PE ratio of 12.81 and a beta of 0.27. The company’s 50-day moving average is $29.64 and its 200-day moving average is $29.57. Bay Commercial Bank has a fifty-two week low of $25.84 and a fifty-two week high of $33.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 1.02.

Bay Commercial Bank (NASDAQ:BCML) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.13. The company had revenue of $1.55 million for the quarter, compared to analyst estimates of $25.95 million. Bay Commercial Bank had a net margin of 18.41% and a return on equity of 7.84%. Equities analysts forecast that Bay Commercial Bank will post 2.7 EPS for the current year.

Bay Commercial Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. Bay Commercial Bank’s dividend payout ratio is presently 49.59%.

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.