DA Davidson Cuts Earnings Estimates for Bay Commercial Bank

Bay Commercial Bank (NASDAQ:BCML) – Equities research analysts at DA Davidson cut their FY2026 EPS estimates for Bay Commercial Bank in a note issued to investors on Monday, September 29th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings per share of $2.73 for the year, down from their previous estimate of $2.80. DA Davidson currently has a “Buy” rating and a $32.00 price target on the stock. The consensus estimate for Bay Commercial Bank’s current full-year earnings is $2.48 per share.

Bay Commercial Bank (NASDAQ:BCML) last announced its quarterly earnings data on Thursday, July 17th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. Bay Commercial Bank had a net margin of 17.36% and a return on equity of 7.41%. The firm had revenue of $24.67 million for the quarter, compared to the consensus estimate of $23.53 million.

Separately, Wall Street Zen raised Bay Commercial Bank from a “sell” rating to a “hold” rating in a research report on Sunday, June 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Bay Commercial Bank Trading Down 2.2%

Shares of NASDAQ:BCML opened at $28.11 on Wednesday. The firm has a fifty day moving average of $28.92 and a two-hundred day moving average of $27.40. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. Bay Commercial Bank has a 12-month low of $22.22 and a 12-month high of $30.96. The firm has a market capitalization of $306.96 million, a P/E ratio of 12.89 and a beta of 0.53.

Bay Commercial Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 11th. This is a positive change from Bay Commercial Bank’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 3.6%. Bay Commercial Bank’s dividend payout ratio (DPR) is currently 45.87%.

Institutional Trading of Bay Commercial Bank

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of Bay Commercial Bank by 32.3% during the 4th quarter. Bank of America Corp DE now owns 13,485 shares of the company’s stock valued at $362,000 after acquiring an additional 3,292 shares during the last quarter. Deutsche Bank AG boosted its position in Bay Commercial Bank by 31.1% during the fourth quarter. Deutsche Bank AG now owns 6,444 shares of the company’s stock worth $173,000 after purchasing an additional 1,529 shares during the period. Millennium Management LLC grew its holdings in Bay Commercial Bank by 11.9% during the fourth quarter. Millennium Management LLC now owns 28,806 shares of the company’s stock valued at $773,000 after purchasing an additional 3,065 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Bay Commercial Bank by 6.2% in the fourth quarter. Nuveen Asset Management LLC now owns 20,812 shares of the company’s stock valued at $559,000 after purchasing an additional 1,206 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Bay Commercial Bank by 9.4% in the fourth quarter. Two Sigma Advisers LP now owns 23,200 shares of the company’s stock valued at $623,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 66.16% of the company’s stock.

Bay Commercial Bank Company 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.