DA Davidson Has Bearish Forecast for BCML FY2026 Earnings

Bay Commercial Bank (NASDAQ:BCML) – Research analysts at DA Davidson lowered their FY2026 earnings estimates for shares of Bay Commercial Bank in a report released on Monday, September 29th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $2.73 per share for the year, down from their prior estimate of $2.80. DA Davidson has a “Buy” rating and a $32.00 price objective on the stock. The consensus estimate for Bay Commercial Bank’s current full-year earnings is $2.48 per share.

Separately, Wall Street Zen upgraded Bay Commercial Bank from a “sell” rating to a “hold” rating in a report on Sunday, June 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Bay Commercial Bank Price Performance

BCML stock opened at $27.66 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Bay Commercial Bank has a 1 year low of $22.22 and a 1 year high of $30.96. The firm has a 50-day moving average of $28.93 and a 200 day moving average of $27.42. The company has a market cap of $302.05 million, a P/E ratio of 12.69 and a beta of 0.53.

Bay Commercial Bank (NASDAQ:BCML) last posted its earnings results on Thursday, July 17th. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $23.53 million.

Institutional Investors Weigh In On Bay Commercial Bank

Several hedge funds have recently added to or reduced their stakes in BCML. Alliancebernstein L.P. grew its stake in shares of Bay Commercial Bank by 2.7% in the second quarter. Alliancebernstein L.P. now owns 450,874 shares of the company’s stock worth $12,494,000 after acquiring an additional 11,647 shares during the last quarter. Geode Capital Management LLC boosted its stake in Bay Commercial Bank by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 240,564 shares of the company’s stock worth $6,668,000 after purchasing an additional 2,897 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Bay Commercial Bank by 9.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 127,190 shares of the company’s stock valued at $3,201,000 after purchasing an additional 10,750 shares during the last quarter. American Century Companies Inc. grew its position in Bay Commercial Bank by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 101,116 shares of the company’s stock valued at $2,802,000 after purchasing an additional 10,995 shares during the last quarter. Finally, LSV Asset Management increased its stake in Bay Commercial Bank by 35.7% during the 2nd quarter. LSV Asset Management now owns 88,211 shares of the company’s stock valued at $2,444,000 after purchasing an additional 23,211 shares in the last quarter. 66.16% of the stock is owned by institutional investors.

Bay Commercial Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 11th will be given a dividend of $0.25 per share. This is a boost from Bay Commercial Bank’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.6%. Bay Commercial Bank’s dividend payout ratio is 45.87%.

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.