Acadian Asset Management LLC Has $5.83 Million Position in Bay Commercial Bank $BCML

Acadian Asset Management LLC lowered its holdings in shares of Bay Commercial Bank (NASDAQ:BCML) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,436 shares of the company’s stock after selling 3,726 shares during the quarter. Acadian Asset Management LLC owned 1.91% of Bay Commercial Bank worth $5,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BCML. PNC Financial Services Group Inc. raised its stake in shares of Bay Commercial Bank by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,749 shares of the company’s stock worth $44,000 after purchasing an additional 402 shares in the last quarter. Hsbc Holdings PLC bought a new position in Bay Commercial Bank during the 1st quarter worth $253,000. Jane Street Group LLC bought a new stake in Bay Commercial Bank in the 1st quarter valued at about $454,000. Strs Ohio acquired a new stake in Bay Commercial Bank during the first quarter worth approximately $501,000. Finally, Nuveen LLC acquired a new stake in shares of Bay Commercial Bank during the 1st quarter worth $524,000. 66.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BCML shares. DA Davidson reiterated a “buy” rating and issued a $32.00 target price on shares of Bay Commercial Bank in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of Bay Commercial Bank in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Bay Commercial Bank Price Performance

Shares of NASDAQ BCML opened at $28.38 on Friday. Bay Commercial Bank has a 1-year low of $22.22 and a 1-year high of $30.96. The stock has a fifty day simple moving average of $28.48 and a two-hundred day simple moving average of $27.92. The firm has a market cap of $309.34 million, a price-to-earnings ratio of 13.51 and a beta of 0.55. The company has a current ratio of 1.02, a quick ratio of 1.05 and a debt-to-equity ratio of 0.03.

Bay Commercial Bank (NASDAQ:BCML) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). The business had revenue of $1.51 million during the quarter, compared to analysts’ expectations of $23.67 million. Bay Commercial Bank had a net margin of 16.51% and a return on equity of 7.04%. Analysts anticipate that Bay Commercial Bank will post 2.48 earnings per share for the current year.

Bay Commercial Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 11th were paid a $0.25 dividend. This is an increase from Bay Commercial Bank’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, September 11th. Bay Commercial Bank’s payout ratio is 47.62%.

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.