Bay Commercial Bank (NASDAQ:BCML) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Bay Commercial Bank (NASDAQ:BCML) from a hold rating to a strong sell rating in a research note issued to investors on Saturday.

Other analysts also recently issued reports about the company. Weiss Ratings upgraded Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, July 30th. Zacks Research downgraded Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, DA Davidson lowered Bay Commercial Bank from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.00.

Bay Commercial Bank Stock Down 1.5%

Bay Commercial Bank stock opened at $30.60 on Friday. The firm has a market cap of $334.15 million, a price-to-earnings ratio of 25.50 and a beta of 0.28. Bay Commercial Bank has a 52-week low of $26.78 and a 52-week high of $34.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50 day moving average price of $32.16 and a two-hundred day moving average price of $30.68.

Bay Commercial Bank (NASDAQ:BCML) last posted its quarterly earnings data on Thursday, July 23rd. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($1.28). Bay Commercial Bank had a net margin of 9.20% and a return on equity of 6.98%. The firm had revenue of $1.49 million during the quarter, compared to the consensus estimate of $26.30 million. Equities analysts predict that Bay Commercial Bank will post 2.29 EPS for the current year.

Insider Buying and Selling at Bay Commercial Bank

In related news, CEO Christopher F. Baron purchased 8,250 shares of Bay Commercial Bank stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $30.39 per share, for a total transaction of $250,717.50. Following the completion of the acquisition, the chief executive officer owned 9,247 shares of the company’s stock, valued at $281,016.33. This trade represents a 827.48% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Perdue purchased 5,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $30.17 per share, with a total value of $150,850.00. Following the completion of the purchase, the director owned 8,000 shares of the company’s stock, valued at approximately $241,360. This represents a 166.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 18,250 shares of company stock valued at $556,268 in the last quarter. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bay Commercial Bank

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its stake in shares of Bay Commercial Bank by 974.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock valued at $31,000 after buying an additional 984 shares during the period. Assetmark Inc. acquired a new position in Bay Commercial Bank during the 1st quarter worth approximately $34,000. Tower Research Capital LLC TRC raised its stake in 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 buying an additional 1,145 shares during the period. Kestra Advisory Services LLC bought a new position in Bay Commercial Bank in the fourth quarter worth approximately $57,000. Finally, BNP Paribas Financial Markets boosted its holdings 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 worth $62,000 after acquiring an additional 1,126 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

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.