Michael Perdue Buys 2,000 Shares of Bay Commercial Bank (NASDAQ:BCML) Stock

Bay Commercial Bank (NASDAQ:BCML) Director Michael Perdue purchased 2,000 shares of Bay Commercial Bank stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $30.94 per share, with a total value of $61,880.00. Following the completion of the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at approximately $61,880. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bay Commercial Bank Stock Down 0.8%

Shares of NASDAQ:BCML traded down $0.24 on Tuesday, hitting $30.77. 95,999 shares of the company traded hands, compared to its average volume of 34,264. Bay Commercial Bank has a 52 week low of $25.84 and a 52 week high of $33.15. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $29.68 and a 200-day simple moving average of $29.60. The company has a market cap of $335.70 million, a PE ratio of 12.71 and a beta of 0.27.

Bay Commercial Bank (NASDAQ:BCML) last issued its quarterly earnings results 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. Bay Commercial Bank had a return on equity of 7.84% and a net margin of 18.41%.The firm had revenue of $1.55 million during the quarter, compared to the consensus estimate of $25.95 million. As a group, research analysts expect that Bay Commercial Bank will post 2.7 earnings per share for the current year.

Bay Commercial Bank Dividend Announcement

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

Analysts Set New Price Targets

BCML has been the subject of several research analyst reports. Weiss Ratings upgraded Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 20th. DA Davidson reiterated a “neutral” rating and issued a $34.00 price objective on shares of Bay Commercial Bank in a report on Tuesday. Brean Capital downgraded Bay Commercial Bank from a “buy” rating to a “neutral” rating in a report on Friday, April 10th. Finally, Zacks Research downgraded Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Institutional Investors Weigh In On Bay Commercial Bank

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in shares of 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 during the period. Assetmark Inc. bought a new stake in shares of Bay Commercial Bank during the 1st quarter valued at about $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 valued at $45,000 after purchasing an additional 1,145 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Bay Commercial Bank during the 4th quarter valued at about $57,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Bay Commercial Bank by 107.5% during 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. 66.16% of the stock is currently owned by institutional investors.

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.