Bay Commercial Bank's (BCML) Buy (B) Rating Reaffirmed at Weiss Ratings

Key Points

• Bay Commercial Bank has had its "buy (B)" rating reaffirmed by Weiss Ratings, indicating continued confidence in the stock's potential.
• Recent price target adjustments by analysts have increased from $30.00 to $32.00, with a consensus price target of $31.50 based on multiple research reports.
• The bank reported an EPS of $0.46 for the last quarter, missing estimates of $0.52, but surpassed revenue expectations with $25.66 million in revenue.

Bay Commercial Bank (NASDAQ:BCML - Get Free Report)'s stock had its "buy (b)" rating reissued by Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. DA Davidson boosted their price target on shares of Bay Commercial Bank from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Bay Commercial Bank from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Bay Commercial Bank currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

Bay Commercial Bank Price Performance

Shares of BCML traded down $0.29 during mid-day trading on Friday, reaching $27.70. 11,158 shares of the stock traded hands, compared to its average volume of 23,045. The firm has a fifty day moving average price of $29.07 and a 200 day moving average price of $27.70. The company has a market cap of $302.48 million, a price-to-earnings ratio of 12.71 and a beta of 0.53. 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 1 year low of $22.22 and a 1 year high of $30.96.

Bay Commercial Bank (NASDAQ:BCML - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.06). The firm had revenue of $25.66 million for the quarter, compared to analysts' expectations of $23.67 million. Bay Commercial Bank had a net margin of 17.36% and a return on equity of 7.41%. As a group, equities research analysts predict that Bay Commercial Bank will post 2.48 earnings per share for the current year.

Institutional Trading of Bay Commercial Bank

Several institutional investors have recently added to or reduced their stakes in BCML. Bank of New York Mellon Corp boosted its position in Bay Commercial Bank by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 38,454 shares of the company's stock valued at $968,000 after buying an additional 1,663 shares during the period. Cerity Partners LLC boosted its position in Bay Commercial Bank by 0.6% during the first quarter. Cerity Partners LLC now owns 83,241 shares of the company's stock valued at $2,095,000 after buying an additional 533 shares during the period. Woodward Diversified Capital LLC purchased a new stake in Bay Commercial Bank during the first quarter valued at about $755,000. PNC Financial Services Group Inc. boosted its position in Bay Commercial Bank by 29.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,749 shares of the company's stock valued at $44,000 after buying an additional 402 shares during the period. Finally, Nuveen LLC purchased a new stake in Bay Commercial Bank during the first quarter valued at about $524,000. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

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