Bay Commercial Bank (NASDAQ:BCML) Announces Quarterly Dividend of $0.30

Bay Commercial Bank (NASDAQ:BCML) declared a quarterly dividend on Thursday, February 19th. Investors of record on Thursday, March 12th will be paid a dividend of 0.30 per share on Thursday, April 9th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, March 12th.

Bay Commercial Bank has a payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bay Commercial Bank to earn $2.53 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 47.4%.

Bay Commercial Bank Stock Down 0.5%

Shares of BCML stock traded down $0.14 during trading hours on Friday, hitting $29.80. 3,488 shares of the company’s stock traded hands, compared to its average volume of 21,664. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $29.99 and its two-hundred day simple moving average is $29.16. Bay Commercial Bank has a 12-month low of $22.22 and a 12-month high of $33.15. The stock has a market cap of $324.77 million, a price-to-earnings ratio of 13.67 and a beta of 0.33.

Bay Commercial Bank (NASDAQ:BCML) last announced its earnings results on Thursday, January 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). Bay Commercial Bank had a return on equity of 7.22% and a net margin of 16.92%.The firm had revenue of $0.89 million during the quarter, compared to analysts’ expectations of $25.03 million. On average, analysts expect that Bay Commercial Bank will post 2.48 EPS for the current year.

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.