UBS Group AG Sells 43,158 Shares of Bay Commercial Bank $BCML

UBS Group AG trimmed its holdings in shares of Bay Commercial Bank (NASDAQ:BCML) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,820 shares of the company’s stock after selling 43,158 shares during the quarter. UBS Group AG’s holdings in Bay Commercial Bank were worth $3,464,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. increased its position in Bay Commercial Bank by 974.3% during the third quarter. Russell Investments Group Ltd. now owns 1,085 shares of the company’s stock worth $31,000 after acquiring an additional 984 shares during the period. Tower Research Capital LLC TRC increased its position in Bay Commercial Bank by 236.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,629 shares of the company’s stock worth $45,000 after acquiring an additional 1,145 shares during the period. BNP Paribas Financial Markets increased its position in Bay Commercial Bank by 107.5% during the third quarter. BNP Paribas Financial Markets now owns 2,173 shares of the company’s stock worth $62,000 after acquiring an additional 1,126 shares during the period. PNC Financial Services Group Inc. increased its position in Bay Commercial Bank by 12.3% during the third quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the company’s stock worth $125,000 after acquiring an additional 475 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Bay Commercial Bank by 119,480.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,979 shares of the company’s stock worth $166,000 after acquiring an additional 5,974 shares during the period. 66.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BCML has been the topic of a number of recent research reports. Zacks Research lowered shares of Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings raised shares of Bay Commercial Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 20th. Brean Capital lowered shares of Bay Commercial Bank from a “buy” rating to a “neutral” rating in a research report on Friday, April 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $34.00 price target on shares of Bay Commercial Bank in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Bay Commercial Bank Stock Performance

Shares of Bay Commercial Bank stock opened at $31.01 on Monday. The company has a market capitalization of $338.32 million, a price-to-earnings ratio of 12.81 and a beta of 0.27. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.02. Bay Commercial Bank has a 12-month low of $25.84 and a 12-month high of $33.15. The firm’s 50-day moving average price is $29.64 and its two-hundred day moving average price is $29.57.

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 analysts’ consensus estimates of $0.62 by $0.13. The firm had revenue of $1.55 million for the quarter, compared to the consensus estimate of $25.95 million. Bay Commercial Bank had a net margin of 18.41% and a return on equity of 7.84%. On average, analysts forecast that Bay Commercial Bank will post 2.7 earnings per share for the current fiscal year.

Bay Commercial Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, June 11th. Bay Commercial Bank’s dividend payout ratio is presently 49.59%.

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.