Bay Commercial Bank (BCML) To Go Ex-Dividend on June 11th

Bay Commercial Bank (NASDAQ:BCML) declared a quarterly dividend on Friday, May 22nd. Shareholders of record on Thursday, June 11th will be given a dividend of 0.30 per share on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, June 11th.

Bay Commercial Bank has a dividend payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Bay Commercial Bank to earn $2.84 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 42.3%.

Bay Commercial Bank Trading Down 0.5%

NASDAQ BCML opened at $31.01 on Friday. Bay Commercial Bank has a 12 month low of $25.84 and a 12 month high of $33.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 1.02. 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’s fifty day moving average price is $29.64 and its two-hundred day moving average price is $29.56.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of Bay Commercial Bank by 23.9% in the 1st quarter. Bank of America Corp DE now owns 14,780 shares of the company’s stock worth $439,000 after buying an additional 2,854 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Bay Commercial Bank by 9.9% in the 1st quarter. Empowered Funds LLC now owns 56,053 shares of the company’s stock worth $1,666,000 after buying an additional 5,052 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Bay Commercial Bank by 18.8% in the 1st quarter. Quantinno Capital Management LP now owns 23,389 shares of the company’s stock worth $695,000 after acquiring an additional 3,697 shares during the period. Sei Investments Co. increased its holdings in shares of Bay Commercial Bank by 42.3% in the 1st quarter. Sei Investments Co. now owns 13,793 shares of the company’s stock worth $410,000 after acquiring an additional 4,100 shares during the period. Finally, Assetmark Inc. acquired a new stake in shares of Bay Commercial Bank in the 1st quarter worth about $34,000. 66.16% of the stock is currently owned by institutional investors.

About Bay Commercial Bank

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.