Bay Commercial Bank (NASDAQ:BCML - Get Free Report) declared a quarterly dividend on Wednesday, August 19th. Investors of record on Thursday, September 10th will be paid a dividend of 0.30 per share on Thursday, October 8th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, September 10th.
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 $2.49 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 Stock Down 2.2%
Shares of NASDAQ:BCML opened at $30.43 on Thursday. The firm has a market capitalization of $332.30 million, a PE ratio of 25.36 and a beta of 0.27. 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 current ratio of 1.04 and a quick ratio of 1.04. The firm's 50-day moving average is $32.10 and its two-hundred day moving average is $30.71.
Bay Commercial Bank (NASDAQ:BCML - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.20% and a return on equity of 6.98%. The business had revenue of $1.49 million during the quarter, compared to analyst estimates of $26.30 million. Analysts predict that Bay Commercial Bank will post 2.29 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on BCML. Zacks Research lowered Bay Commercial Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. Weiss Ratings cut Bay Commercial Bank from a "buy (a-)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. 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. Finally, DA Davidson cut 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 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Bay Commercial Bank currently has an average rating of "Hold" and an average target price of $34.00.
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About Bay Commercial Bank
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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.
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