Bay Commercial Bank (BCML) Stock Rating Upgraded by Zacks Investment Research
Bay Commercial Bank (OTCMKTS:BCML) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage currently has a $22.00 price objective on the bank’s stock. Zacks Investment Research‘s target price indicates a potential upside of 14.27% from the stock’s previous close.
According to Zacks, “BayCom Corp provides commercial banking products and services to businesses and individuals. The company offers deposit products, loans, online banking, cash management and banking services. BayCom Corp, formerly known as Bay Commercial Bank, is based in Walnut Creek, California. “
A number of other equities analysts have also commented on the company. ValuEngine raised Bay Commercial Bank from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. FIG Partners reissued an “outperform” rating on shares of Bay Commercial Bank in a research note on Tuesday, August 22nd.
Bay Commercial Bank (OTCMKTS BCML) opened at $19.25 on Tuesday. The firm has a market capitalization of $110.78, a PE ratio of 17.71 and a beta of 0.55. Bay Commercial Bank has a one year low of $12.75 and a one year high of $19.35.
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About Bay Commercial Bank
BayCom Corp. is a bank holding company for Bay Commercial Bank. The Bank is engaged in providing various lending alternatives. The Bank offers a full-range of loans, including small business administration (SBA), farm service agency (FSA) and the United States department of agriculture (USDA) loans, and deposit products and services to businesses and their affiliates throughout the Greater Bay Area.
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