Bay Commercial Bank (NASDAQ:BCML) Stock Rating Lowered by DA Davidson

Bay Commercial Bank (NASDAQ:BCML) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a report issued on Tuesday. They presently have a $34.00 price target on the stock. DA Davidson’s price objective would suggest a potential upside of 9.64% from the stock’s current price.

BCML has been the topic of a number of other reports. Brean Capital lowered shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating in a report on Friday, April 10th. Weiss Ratings upgraded shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 20th. Finally, Zacks Research lowered shares of Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Bay Commercial Bank currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Bay Commercial Bank Price Performance

NASDAQ:BCML opened at $31.01 on Tuesday. The firm has a market cap of $338.32 million, a price-to-earnings ratio of 12.81 and a beta of 0.27. 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 company’s 50-day moving average is $29.68 and its two-hundred day moving average is $29.60. Bay Commercial Bank has a 12-month low of $25.84 and a 12-month high of $33.15.

Bay Commercial Bank (NASDAQ:BCML) last released its earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts expect that Bay Commercial Bank will post 2.7 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings 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 worth $31,000 after acquiring an additional 984 shares during the period. Assetmark Inc. purchased a new position in shares of Bay Commercial Bank during the 1st quarter worth about $34,000. Tower Research Capital LLC TRC lifted its holdings 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 acquiring 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 worth about $57,000. Finally, BNP Paribas Financial Markets lifted its holdings 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 worth $62,000 after acquiring an additional 1,126 shares during the period. 66.16% of the stock is currently owned by hedge funds and other 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.