Woodward Diversified Capital LLC Makes New $755,000 Investment in Bay Commercial Bank (NASDAQ:BCML)

Woodward Diversified Capital LLC acquired a new stake in Bay Commercial Bank (NASDAQ:BCML - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 30,000 shares of the company's stock, valued at approximately $755,000. Woodward Diversified Capital LLC owned 0.27% of Bay Commercial Bank as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Bay Commercial Bank by 7,206.9% in the 1st quarter. GAMMA Investing LLC now owns 5,261 shares of the company's stock valued at $132,000 after acquiring an additional 5,189 shares during the period. Millennium Management LLC raised its stake in Bay Commercial Bank by 11.9% in the 4th quarter. Millennium Management LLC now owns 28,806 shares of the company's stock valued at $773,000 after acquiring an additional 3,065 shares during the period. Nuveen Asset Management LLC raised its stake in Bay Commercial Bank by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 20,812 shares of the company's stock valued at $559,000 after acquiring an additional 1,206 shares during the period. Russell Investments Group Ltd. increased its position in shares of Bay Commercial Bank by 3,097.3% during the fourth quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company's stock valued at $97,000 after buying an additional 3,500 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Bay Commercial Bank during the fourth quarter valued at about $732,000. 66.16% of the stock is currently owned by institutional investors.

Bay Commercial Bank Price Performance

Shares of BCML traded down $0.49 during midday trading on Friday, hitting $27.29. 33,703 shares of the company traded hands, compared to its average volume of 25,229. The stock has a 50-day moving average of $27.28 and a 200-day moving average of $26.71. Bay Commercial Bank has a one year low of $20.25 and a one year high of $30.13. The firm has a market cap of $300.46 million, a P/E ratio of 13.00 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05.

Bay Commercial Bank (NASDAQ:BCML - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $24.67 million for the quarter, compared to analysts' expectations of $23.53 million. Bay Commercial Bank had a net margin of 16.94% and a return on equity of 7.26%. As a group, sell-side analysts predict that Bay Commercial Bank will post 2.48 EPS for the current fiscal year.

Bay Commercial Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.93%. This is a boost from Bay Commercial Bank's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, June 12th. Bay Commercial Bank's dividend payout ratio is 38.10%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Bay Commercial Bank from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th.

Bay Commercial Bank 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.