DA Davidson Has Negative Estimate for BCML FY2026 Earnings

Key Points

• DA Davidson has lowered its FY2026 earnings per share estimate for Bay Commercial Bank to $2.73, down from $2.80, while maintaining a "Buy" rating and a price target of $32.00.
• Bay Commercial Bank recently declared an increase in its quarterly dividend to $0.25 per share, resulting in a 3.5% dividend yield.
• The stock currently holds a consensus rating of "Moderate Buy" with an average target price of $31.50 according to analysts.

Bay Commercial Bank (NASDAQ:BCML - Free Report) - Stock analysts at DA Davidson reduced their FY2026 earnings per share estimates for shares of Bay Commercial Bank in a research note issued on Monday, September 29th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $2.73 per share for the year, down from their previous estimate of $2.80. DA Davidson has a "Buy" rating and a $32.00 price objective on the stock. The consensus estimate for Bay Commercial Bank's current full-year earnings is $2.48 per share.

Bay Commercial Bank (NASDAQ:BCML - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The business had revenue of $24.67 million for the quarter, compared to the consensus estimate of $23.53 million. Bay Commercial Bank had a net margin of 17.36% and a return on equity of 7.41%.

Separately, Wall Street Zen raised Bay Commercial Bank from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $31.50.

Bay Commercial Bank Trading Down 0.6%

Bay Commercial Bank stock opened at $28.75 on Wednesday. Bay Commercial Bank has a 52 week low of $22.22 and a 52 week high of $30.96. 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 firm has a market capitalization of $314.07 million, a price-to-earnings ratio of 13.19 and a beta of 0.58. The company has a 50 day moving average price of $28.93 and a 200 day moving average price of $27.40.

Bay Commercial Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. This is an increase from Bay Commercial Bank's previous quarterly dividend of $0.20. Bay Commercial Bank's dividend payout ratio is presently 45.87%.

Institutional Trading of Bay Commercial Bank

Several hedge funds and other institutional investors have recently modified their holdings of BCML. Woodward Diversified Capital LLC acquired a new position in Bay Commercial Bank in the first quarter worth approximately $755,000. American Century Companies Inc. increased its stake in shares of Bay Commercial Bank by 40.7% during the 1st quarter. American Century Companies Inc. now owns 90,121 shares of the company's stock worth $2,268,000 after purchasing an additional 26,070 shares during the last quarter. LSV Asset Management raised its holdings in shares of Bay Commercial Bank by 35.7% during the 2nd quarter. LSV Asset Management now owns 88,211 shares of the company's stock valued at $2,444,000 after purchasing an additional 23,211 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Bay Commercial Bank in the 1st quarter valued at $524,000. Finally, Strs Ohio acquired a new stake in shares of Bay Commercial Bank in the 1st quarter valued at $501,000. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

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