Robert Laverne Buys 1,000 Shares of Bay Commercial Bank (NASDAQ:BCML) Stock

Bay Commercial Bank (NASDAQ:BCML) Director Robert Laverne acquired 1,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of $29.95 per share, with a total value of $29,950.00. Following the acquisition, the director owned 91,628 shares of the company’s stock, valued at approximately $2,744,258.60. This trade represents a 1.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bay Commercial Bank Stock Performance

NASDAQ:BCML opened at $30.00 on Friday. The company has a 50-day moving average of $32.02 and a 200-day moving average of $30.71. The firm has a market cap of $327.60 million, a price-to-earnings ratio of 25.00 and a beta of 0.27. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Bay Commercial Bank has a twelve month low of $26.78 and a twelve month high of $34.98.

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

Bay Commercial Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Bay Commercial Bank’s dividend payout ratio (DPR) is currently 100.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 15th. DA Davidson downgraded 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 report on Tuesday, May 26th. Zacks Research lowered shares of Bay Commercial Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Bay Commercial Bank from a “buy (a-)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in Bay Commercial Bank by 10.7% in the 4th quarter. Wellington Management Group LLP now owns 1,058,935 shares of the company’s stock worth $31,133,000 after acquiring an additional 102,666 shares in the last quarter. Vanguard Group Inc. grew its stake in Bay Commercial Bank by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 608,951 shares of the company’s stock valued at $17,507,000 after acquiring an additional 2,233 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Bay Commercial Bank by 7.3% in the 3rd quarter. Alliancebernstein L.P. now owns 483,852 shares of the company’s stock valued at $13,911,000 after purchasing an additional 32,978 shares during the period. State Street Corp lifted its position in shares of Bay Commercial Bank by 1.3% in the fourth quarter. State Street Corp now owns 175,767 shares of the company’s stock worth $5,220,000 after purchasing an additional 2,339 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Bay Commercial Bank by 866.1% in the third quarter. UBS Group AG now owns 160,978 shares of the company’s stock worth $4,628,000 after purchasing an additional 144,316 shares in the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

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.