Bay Commercial Bank (BCML) to Distribute Quarterly Dividend of $0.30 on October 8th

Bay Commercial Bank (NASDAQ:BCML) announced a quarterly dividend on Wednesday, August 19th. Investors of record on Thursday, September 10th will be given a dividend of 0.30 per share on Thursday, October 8th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 10th.

Bay Commercial Bank has a payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bay Commercial Bank to earn $2.49 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 48.2%.

Bay Commercial Bank Price Performance

Bay Commercial Bank stock opened at $30.07 on Friday. Bay Commercial Bank has a 1 year low of $26.78 and a 1 year 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 $32.06 and a 200 day moving average price of $30.72. The company has a market cap of $328.36 million, a price-to-earnings ratio of 25.06 and a beta of 0.27.

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

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.