Bay Commercial Bank (NASDAQ:BCML) Shares Up 1.2% – Should You Buy?

Bay Commercial Bank (NASDAQ:BCML)’s stock price shot up 1.2% on Tuesday . The company traded as high as $30.67 and last traded at $30.54. 76,903 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 47,936 shares. The stock had previously closed at $30.18.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BCML. Zacks Research lowered shares of Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Brean Capital lowered shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating in a research note on Friday, April 10th. DA Davidson reaffirmed a “buy” rating and issued a $34.00 price target on shares of Bay Commercial Bank in a research note on Tuesday, April 28th. Finally, Weiss Ratings raised shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Bay Commercial Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Bay Commercial Bank Price Performance

The company’s 50 day moving average price is $29.60 and its 200-day moving average price is $29.55. The company has a market cap of $340.06 million, a price-to-earnings ratio of 12.88 and a beta of 0.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02.

Bay Commercial Bank (NASDAQ:BCML) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.13. The company had revenue of $1.55 million for the quarter, compared to analysts’ expectations of $25.95 million. Bay Commercial Bank had a net margin of 18.41% and a return on equity of 7.84%. On average, equities research analysts forecast that Bay Commercial Bank will post 2.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Bay Commercial Bank by 10.7% during the fourth quarter. Wellington Management Group LLP now owns 1,058,935 shares of the company’s stock worth $31,133,000 after purchasing an additional 102,666 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Bay Commercial Bank by 0.4% during the third quarter. Vanguard Group Inc. now owns 608,951 shares of the company’s stock worth $17,507,000 after purchasing an additional 2,233 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Bay Commercial Bank by 7.3% during the third quarter. Alliancebernstein L.P. now owns 483,852 shares of the company’s stock worth $13,911,000 after purchasing an additional 32,978 shares during the period. State Street Corp boosted its holdings in shares of Bay Commercial Bank by 1.3% during the fourth quarter. State Street Corp now owns 175,767 shares of the company’s stock worth $5,220,000 after purchasing an additional 2,339 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Bay Commercial Bank by 866.1% during the third quarter. UBS Group AG now owns 160,978 shares of the company’s stock worth $4,628,000 after purchasing an additional 144,316 shares during the period. 66.16% of the stock is owned by hedge funds and other institutional investors.

Bay Commercial Bank Company Profile

Bay Commercial Bank is a bank holding company that offers a full suite of commercial and consumer banking services through its subsidiary, Bay Commercial Bank. The institution emphasizes relationship-driven banking, focusing on the needs of small and medium-sized businesses, professionals, and individual customers.

The bank’s lending portfolio encompasses commercial real estate, construction and development financing, equipment loans, acquisition financing, and consumer credit products such as residential mortgages and personal lines of credit.