Bay Commercial Bank (NASDAQ:BCML) Upgraded to Hold at Wall Street Zen

Bay Commercial Bank (NASDAQ:BCML) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Bay Commercial Bank Stock Down 0.5%

Shares of NASDAQ:BCML opened at $27.80 on Friday. The company’s fifty day moving average is $26.69 and its two-hundred day moving average is $26.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. Bay Commercial Bank has a 1-year low of $19.26 and a 1-year high of $30.13. The stock has a market capitalization of $306.08 million, a price-to-earnings ratio of 13.24 and a beta of 0.52.

Bay Commercial Bank (NASDAQ:BCML) last announced its quarterly earnings data on Thursday, April 17th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $32.65 million for the quarter, compared to the consensus estimate of $24.07 million. Bay Commercial Bank had a net margin of 16.94% and a return on equity of 7.26%. Equities analysts anticipate that Bay Commercial Bank will post 2.48 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCML. Wellington Management Group LLP grew its position in Bay Commercial Bank by 41.6% in the 4th quarter. Wellington Management Group LLP now owns 930,498 shares of the company’s stock worth $24,975,000 after purchasing an additional 273,135 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Bay Commercial Bank by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 615,795 shares of the company’s stock worth $16,528,000 after buying an additional 13,269 shares in the last quarter. Royce & Associates LP increased its position in Bay Commercial Bank by 11.1% in the 4th quarter. Royce & Associates LP now owns 603,286 shares of the company’s stock valued at $16,192,000 after acquiring an additional 60,075 shares during the period. Alliancebernstein L.P. increased its position in Bay Commercial Bank by 0.3% in the 4th quarter. Alliancebernstein L.P. now owns 434,799 shares of the company’s stock valued at $11,670,000 after acquiring an additional 1,500 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Bay Commercial Bank by 9.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 127,190 shares of the company’s stock valued at $3,201,000 after acquiring an additional 10,750 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

About Bay Commercial Bank

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.