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

Bay Commercial Bank (NASDAQ:BCML) announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.30 per share on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, June 11th.

Bay Commercial Bank has a payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bay Commercial Bank to earn $2.84 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 42.3%.

Bay Commercial Bank Price Performance

Shares of Bay Commercial Bank stock opened at $31.01 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 1.02. Bay Commercial Bank has a fifty-two week low of $25.84 and a fifty-two week high of $33.15. The firm has a fifty day moving average price of $29.64 and a two-hundred day moving average price of $29.56. The company has a market cap of $338.32 million, a PE ratio of 12.81 and a beta of 0.27.

Bay Commercial Bank (NASDAQ:BCML) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13. Bay Commercial Bank had a net margin of 18.41% and a return on equity of 7.84%. The firm had revenue of $1.55 million during the quarter, compared to the consensus estimate of $25.95 million. Analysts expect that Bay Commercial Bank will post 2.7 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.