Bay Commercial Bank (NASDAQ:BCML) Lowered to Sell Rating by Wall Street Zen

Bay Commercial Bank (NASDAQ:BCML) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Bay Commercial Bank Price Performance

NASDAQ BCML opened at $26.82 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50 day moving average price is $26.52 and its 200-day moving average price is $26.69. Bay Commercial Bank has a 52-week low of $18.79 and a 52-week high of $30.13. The company has a market cap of $295.29 million, a PE ratio of 12.77 and a beta of 0.52.

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

Institutional Investors Weigh In On Bay Commercial Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of BCML. Wellington Management Group LLP lifted its position in Bay Commercial Bank by 41.6% during the fourth quarter. Wellington Management Group LLP now owns 930,498 shares of the company’s stock valued at $24,975,000 after acquiring an additional 273,135 shares during the last quarter. Royce & Associates LP lifted its position in Bay Commercial Bank by 11.1% during the fourth 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 last quarter. Woodward Diversified Capital LLC purchased a new stake in Bay Commercial Bank during the first quarter valued at approximately $755,000. Citadel Advisors LLC purchased a new stake in Bay Commercial Bank during the fourth quarter valued at approximately $732,000. Finally, American Century Companies Inc. lifted its position in Bay Commercial Bank by 40.7% during the first quarter. American Century Companies Inc. now owns 90,121 shares of the company’s stock valued at $2,268,000 after acquiring an additional 26,070 shares during the last quarter. Hedge funds and other institutional investors 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.