Cerity Partners LLC Acquires 533 Shares of Bay Commercial Bank (NASDAQ:BCML)

Cerity Partners LLC grew its holdings in shares of Bay Commercial Bank (NASDAQ:BCML) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,241 shares of the company’s stock after purchasing an additional 533 shares during the quarter. Cerity Partners LLC owned about 0.75% of Bay Commercial Bank worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BCML. Wellington Management Group LLP raised its holdings in shares of Bay Commercial Bank by 41.6% during the 4th quarter. Wellington Management Group LLP now owns 930,498 shares of the company’s stock valued at $24,975,000 after purchasing an additional 273,135 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Bay Commercial Bank during the 4th quarter valued at $732,000. JPMorgan Chase & Co. raised its holdings in shares of Bay Commercial Bank by 99.1% during the 4th quarter. JPMorgan Chase & Co. now owns 44,455 shares of the company’s stock valued at $1,193,000 after purchasing an additional 22,125 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bay Commercial Bank by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,795 shares of the company’s stock valued at $16,528,000 after purchasing an additional 13,269 shares in the last quarter. Finally, Man Group plc bought a new position in shares of Bay Commercial Bank during the 4th quarter valued at $256,000. Institutional investors own 66.16% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Bay Commercial Bank from a “sell” rating to a “hold” rating in a report on Sunday, June 29th.

Bay Commercial Bank Stock Performance

NASDAQ BCML opened at $27.29 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The company’s fifty day moving average is $27.29 and its two-hundred day moving average is $26.71. Bay Commercial Bank has a 52-week low of $20.25 and a 52-week high of $30.13. The firm has a market capitalization of $300.46 million, a price-to-earnings ratio of 12.52 and a beta of 0.53.

Bay Commercial Bank (NASDAQ:BCML) last issued its earnings results on Thursday, July 17th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The business had revenue of $24.67 million for the quarter, compared to analyst estimates of $23.53 million. Bay Commercial Bank had a net margin of 17.36% and a return on equity of 7.44%. Equities research analysts forecast that Bay Commercial Bank will post 2.48 EPS for the current year.

Bay Commercial Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were given a $0.20 dividend. The ex-dividend date was Thursday, June 12th. This is a positive change from Bay Commercial Bank’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 2.93%. Bay Commercial Bank’s payout ratio is 36.70%.

Bay Commercial Bank Profile

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.