Bay Commercial Bank (NASDAQ:BCML) Lowered to "Neutral" Rating by Brean Capital

Key Points

• Brean Capital downgraded Bay Commercial Bank (NASDAQ:BCML) from a "Buy" to a "Neutral" rating, while the Street consensus remains a Moderate Buy with a $34.00 target and split analyst opinions (two Buy, two Hold).
• In the most recent quarter BCML reported EPS of $0.63, missing estimates by $0.02, and the stock trades around $32.67 with a market cap of $356.4M and a P/E of 14.99.
• Institutional investors own about 66.16% of the shares, with several funds recently increasing their stakes in the company.

Bay Commercial Bank (NASDAQ:BCML - Get Free Report) was downgraded by Brean Capital from a "buy" rating to a "neutral" rating in a note issued to investors on Friday, Marketbeat Ratings reports.

Other analysts also recently issued reports about the stock. DA Davidson lifted their price objective on shares of Bay Commercial Bank from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bay Commercial Bank in a research report on Wednesday, January 21st. Finally, Zacks Research downgraded Bay Commercial Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Bay Commercial Bank Price Performance

Bay Commercial Bank stock opened at $32.67 on Friday. The firm has a market capitalization of $356.43 million, a P/E ratio of 14.99 and a beta of 0.29. The business has a 50-day moving average of $29.75 and a 200-day moving average of $29.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. Bay Commercial Bank has a 1 year low of $24.17 and a 1 year high of $33.15.

Bay Commercial Bank (NASDAQ:BCML - Get Free Report) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.02). Bay Commercial Bank had a net margin of 16.92% and a return on equity of 7.18%. The firm had revenue of $0.89 million during the quarter, compared to the consensus estimate of $25.03 million. On average, equities analysts anticipate that Bay Commercial Bank will post 2.48 EPS for the current year.

Institutional Trading of Bay Commercial Bank

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in Bay Commercial Bank by 974.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company's stock worth $31,000 after purchasing an additional 984 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Bay Commercial Bank by 236.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,629 shares of the company's stock valued at $45,000 after acquiring an additional 1,145 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Bay Commercial Bank during the 4th quarter worth $57,000. BNP Paribas Financial Markets increased its stake in shares of Bay Commercial Bank by 107.5% in the third quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company's stock valued at $62,000 after buying an additional 1,126 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Bay Commercial Bank by 12.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the company's stock valued at $125,000 after acquiring an additional 475 shares during the last quarter. 66.16% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.