Bay Commercial Bank Announces Quarterly Dividend of $0.30 (NASDAQ:BCML)

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% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Bay Commercial Bank stock traded down $0.16 on Friday, reaching $31.01. The company’s stock had a trading volume of 76,790 shares, compared to its average volume of 33,635. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $338.32 million, a price-to-earnings ratio of 12.81 and a beta of 0.27. The business’s fifty day moving average price is $29.60 and its 200 day moving average price is $29.55. Bay Commercial Bank has a twelve month low of $25.84 and a twelve month high of $33.15.

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

Institutional Investors Weigh In On Bay Commercial Bank

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Bay Commercial Bank by 119,480.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,979 shares of the company’s stock valued at $166,000 after purchasing an additional 5,974 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of 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 buying an additional 1,126 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Bay Commercial Bank during the fourth quarter worth about $57,000. Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 1,145 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of 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 buying an additional 984 shares during the period. Institutional investors own 66.16% of the company’s stock.

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.