Woodward Diversified Capital LLC Buys Shares of 30,000 Bay Commercial Bank (NASDAQ:BCML)

Woodward Diversified Capital LLC acquired a new stake in Bay Commercial Bank (NASDAQ:BCML - Free Report) in the 1st quarter, according to its most recent 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 large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of Bay Commercial Bank by 46.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company's stock worth $36,000 after purchasing an additional 428 shares during the period. Cerity Partners LLC raised 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 acquiring an additional 533 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Bay Commercial Bank by 0.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 105,412 shares of the company's stock worth $2,829,000 after acquiring an additional 704 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of 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 acquiring an additional 1,206 shares during the period. 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 worth $165,000 after purchasing an additional 1,337 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company's stock.

Analyst Ratings Changes

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

Bay Commercial Bank Price Performance

Shares of NASDAQ:BCML traded down $0.49 on Friday, hitting $27.29. The company's stock had a trading volume of 33,703 shares, compared to its average volume of 25,307. The company has a 50-day simple moving average of $27.29 and a 200 day simple moving average of $26.71. Bay Commercial Bank has a 1 year low of $20.25 and a 1 year high of $30.13. The company has a market capitalization of $300.46 million, a PE ratio of 12.52 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 earnings results on Thursday, July 17th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. The firm had revenue of $24.67 million for the quarter, compared to analysts' expectations of $23.53 million. Bay Commercial Bank had a return on equity of 7.44% and a net margin of 17.36%. Sell-side analysts forecast that Bay Commercial Bank will post 2.48 EPS for the current fiscal year.

Bay Commercial Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.93%. The ex-dividend date was Thursday, June 12th. This is a boost from Bay Commercial Bank's previous quarterly dividend of $0.15. Bay Commercial Bank's dividend payout ratio (DPR) is currently 36.70%.

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.