Christopher Baron Purchases 8,250 Shares of Bay Commercial Bank (NASDAQ:BCML) Stock

Bay Commercial Bank (NASDAQ:BCML) CEO Christopher Baron bought 8,250 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $30.39 per share, for a total transaction of $250,717.50. Following the completion of the transaction, the chief executive officer owned 9,247 shares of the company’s stock, valued at approximately $281,016.33. The trade was a 827.48% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bay Commercial Bank Trading Down 0.2%

NASDAQ:BCML opened at $31.19 on Thursday. The stock has a market cap of $340.59 million, a price-to-earnings ratio of 25.99 and a beta of 0.27. Bay Commercial Bank has a one year low of $26.78 and a one year high of $34.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50-day simple moving average is $32.21 and its 200 day simple moving average is $30.65.

Bay Commercial Bank (NASDAQ:BCML) last posted its quarterly earnings data 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). Bay Commercial Bank had a return on equity of 6.96% and a net margin of 9.20%.The business had revenue of $1.49 million for the quarter, compared to analysts’ expectations of $26.30 million. As a group, sell-side analysts predict that Bay Commercial Bank will post 2.29 earnings per share for the current fiscal year.

Bay Commercial Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. Bay Commercial Bank’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Ratings Changes

Several research firms recently issued reports on BCML. Zacks Research cut shares of Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, July 30th. Finally, DA Davidson lowered shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BCML. Rhumbline Advisers raised its stake in Bay Commercial Bank by 3.5% during the second quarter. Rhumbline Advisers now owns 16,673 shares of the company’s stock worth $462,000 after acquiring an additional 564 shares during the period. Invesco Ltd. boosted its stake in Bay Commercial Bank by 7.2% in the fourth quarter. Invesco Ltd. now owns 10,667 shares of the company’s stock valued at $314,000 after acquiring an additional 716 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Bay Commercial Bank by 3.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 23,068 shares of the company’s stock valued at $678,000 after acquiring an additional 771 shares during the period. LSV Asset Management grew its holdings in shares of Bay Commercial Bank by 0.9% during the fourth quarter. LSV Asset Management now owns 87,211 shares of the company’s stock valued at $2,564,000 after purchasing an additional 800 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Bay Commercial Bank by 3.7% during the second quarter. Ameriprise Financial Inc. now owns 23,639 shares of the company’s stock valued at $655,000 after purchasing an additional 852 shares during the last quarter. 66.16% of the stock is currently owned by 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.