Bay Commercial Bank (NASDAQ:BCML - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03, Zacks reports. Bay Commercial Bank had a return on equity of 7.26% and a net margin of 16.94%.
Bay Commercial Bank Stock Up 1.3%
Shares of BCML stock traded up $0.35 during trading hours on Thursday, reaching $27.78. The company had a trading volume of 23,139 shares, compared to its average volume of 25,248. The company has a market capitalization of $305.86 million, a P/E ratio of 13.23 and a beta of 0.53. Bay Commercial Bank has a twelve month low of $20.25 and a twelve month high of $30.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The stock's fifty day simple moving average is $27.26 and its 200 day simple moving average is $26.70.
Bay Commercial Bank Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.88%. This is a positive change from Bay Commercial Bank's previous quarterly dividend of $0.15. Bay Commercial Bank's dividend payout ratio (DPR) is 38.10%.
Institutional Trading of Bay Commercial Bank
A hedge fund recently raised its stake in Bay Commercial Bank stock. Empowered Funds LLC lifted its position in Bay Commercial Bank (NASDAQ:BCML - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,226 shares of the company's stock after acquiring an additional 2,827 shares during the quarter. Empowered Funds LLC owned 0.34% of Bay Commercial Bank worth $937,000 as of its most recent SEC filing. Institutional investors and hedge funds own 66.16% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Bay Commercial Bank from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th.
View Our Latest Report on Bay Commercial Bank
About Bay Commercial Bank
(
Get Free Report)
BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company provides demand, savings, money market, and time deposit accounts. It offers commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection.
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