Brean Capital Downgrades Bay Commercial Bank (NASDAQ:BCML) to Neutral

Bay Commercial Bank (NASDAQ:BCML) was downgraded by research analysts at Brean Capital from a “buy” rating to a “neutral” rating in a research note issued on Friday, Marketbeat Ratings reports.

BCML has been the topic of several other research reports. DA Davidson upped their price target on Bay Commercial Bank from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bay Commercial Bank in a report on Wednesday, January 21st. Finally, Zacks Research cut Bay Commercial Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bay Commercial Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Bay Commercial Bank Price Performance

NASDAQ BCML opened at $29.04 on Friday. The stock has a market capitalization of $316.83 million, a P/E ratio of 13.32 and a beta of 0.29. Bay Commercial Bank has a 1 year low of $24.17 and a 1 year high of $33.15. The business’s fifty day moving average is $29.75 and its two-hundred day moving average is $29.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03.

Bay Commercial Bank (NASDAQ:BCML) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company had revenue of $0.89 million during the quarter, compared to the consensus estimate of $25.03 million. Bay Commercial Bank had a net margin of 16.92% and a return on equity of 7.18%. On average, research analysts forecast that Bay Commercial Bank will post 2.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bay Commercial Bank

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in shares of Bay Commercial Bank by 12.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,337 shares of the company’s stock valued at $125,000 after buying an additional 475 shares during the period. Rhumbline Advisers boosted its stake in shares of Bay Commercial Bank by 3.5% during the 2nd quarter. Rhumbline Advisers now owns 16,673 shares of the company’s stock valued at $462,000 after buying an additional 564 shares during the period. Invesco Ltd. boosted its stake in shares of Bay Commercial Bank by 7.2% during the 4th quarter. Invesco Ltd. now owns 10,667 shares of the company’s stock valued at $314,000 after buying an additional 716 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Bay Commercial Bank by 3.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 23,068 shares of the company’s stock valued at $678,000 after buying an additional 771 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Bay Commercial Bank by 0.9% during the 4th quarter. LSV Asset Management now owns 87,211 shares of the company’s stock valued at $2,564,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 66.16% of the company’s stock.

Bay Commercial Bank Company Profile

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.