Bay Commercial Bank (NASDAQ:BCML) Rating Lowered to Sell at Wall Street Zen

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

Bay Commercial Bank Stock Up 0.8%

Shares of BCML stock traded up $0.23 on Friday, reaching $27.42. 23,589 shares of the company's stock traded hands, compared to its average volume of 25,219. The company has a market capitalization of $301.89 million, a P/E ratio of 13.06 and a beta of 0.53. Bay Commercial Bank has a 12-month low of $18.79 and a 12-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 business's 50 day moving average price is $26.56 and its two-hundred day moving average price is $26.65.

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

Institutional Investors Weigh In On Bay Commercial Bank

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Bay Commercial Bank by 41.6% during the fourth quarter. Wellington Management Group LLP now owns 930,498 shares of the company's stock worth $24,975,000 after acquiring an additional 273,135 shares during the period. Dimensional Fund Advisors LP increased its holdings in Bay Commercial Bank by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 615,795 shares of the company's stock valued at $16,528,000 after buying an additional 13,269 shares during the period. Royce & Associates LP raised its stake in shares of Bay Commercial Bank by 11.1% in the 4th quarter. Royce & Associates LP now owns 603,286 shares of the company's stock valued at $16,192,000 after buying an additional 60,075 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Bay Commercial Bank by 0.3% during the 4th quarter. Alliancebernstein L.P. now owns 434,799 shares of the company's stock worth $11,670,000 after acquiring an additional 1,500 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Bay Commercial Bank by 9.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 127,190 shares of the company's stock valued at $3,201,000 after acquiring an additional 10,750 shares in the last quarter. Institutional investors own 66.16% of the company's stock.

Bay Commercial Bank Company Profile

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.