Bay Commercial Bank (NASDAQ:BCML) Upgraded at Wall Street Zen

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

Bay Commercial Bank Price Performance

BCML stock opened at $27.80 on Friday. The firm has a market cap of $306.08 million, a P/E ratio of 13.24 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. Bay Commercial Bank has a 1 year low of $19.26 and a 1 year high of $30.13. The stock has a 50-day simple moving average of $26.69 and a 200-day simple moving average of $26.62.

Bay Commercial Bank (NASDAQ:BCML - Get Free Report) last issued its quarterly earnings data 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). Bay Commercial Bank had a net margin of 16.94% and a return on equity of 7.26%. The firm had revenue of $32.65 million during the quarter, compared to analyst estimates of $24.07 million. On average, equities analysts predict that Bay Commercial Bank will post 2.48 earnings per share for the current fiscal year.

Institutional Trading of Bay Commercial Bank

A number of hedge funds have recently made changes to their positions in BCML. PNC Financial Services Group Inc. boosted its stake in Bay Commercial Bank by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,749 shares of the company's stock valued at $44,000 after acquiring an additional 402 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Bay Commercial Bank by 0.6% during the first quarter. Cerity Partners LLC now owns 83,241 shares of the company's stock worth $2,095,000 after purchasing an additional 533 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Bay Commercial Bank by 0.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 105,412 shares of the company's stock worth $2,829,000 after purchasing an additional 704 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Bay Commercial Bank by 6.2% in the fourth quarter. Nuveen Asset Management LLC now owns 20,812 shares of the company's stock worth $559,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Bay Commercial Bank by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,141 shares of the company's stock valued at $165,000 after buying an additional 1,337 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.