Bay Commercial Bank (NASDAQ:BCML) Stock Rating Lowered by Wall Street Zen

Bay Commercial Bank (NASDAQ:BCML - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Bay Commercial Bank Trading Up 0.8%

Shares of BCML stock traded up $0.20 during mid-day trading on Friday, reaching $26.82. The stock had a trading volume of 75,925 shares, compared to its average volume of 25,204. The firm has a market capitalization of $295.29 million, a PE ratio of 12.77 and a beta of 0.52. The stock's 50-day moving average price is $26.52 and its two-hundred day moving average price is $26.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. Bay Commercial Bank has a 52-week low of $18.79 and a 52-week high of $30.13.

Bay Commercial Bank (NASDAQ:BCML - Get Free Report) last posted its earnings results on Thursday, April 17th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $32.65 million during the quarter, compared to the consensus estimate of $24.07 million. Bay Commercial Bank had a return on equity of 7.26% and a net margin of 16.94%. Equities analysts expect that Bay Commercial Bank will post 2.48 earnings per share for the current fiscal year.

Institutional Trading of Bay Commercial Bank

Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in shares of Bay Commercial Bank by 41.6% in the 4th quarter. Wellington Management Group LLP now owns 930,498 shares of the company's stock worth $24,975,000 after purchasing an additional 273,135 shares during the period. Royce & Associates LP raised its stake in Bay Commercial Bank by 11.1% in the fourth quarter. Royce & Associates LP now owns 603,286 shares of the company's stock worth $16,192,000 after buying an additional 60,075 shares in the last quarter. Woodward Diversified Capital LLC purchased a new stake in Bay Commercial Bank in the first quarter worth about $755,000. Citadel Advisors LLC purchased a new stake in Bay Commercial Bank in the fourth quarter worth about $732,000. Finally, American Century Companies Inc. boosted its position in Bay Commercial Bank by 40.7% during the 1st quarter. American Century Companies Inc. now owns 90,121 shares of the company's stock valued at $2,268,000 after acquiring an additional 26,070 shares in the last quarter. Institutional investors own 66.16% of the company's stock.

About Bay Commercial Bank

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.