BayCom Corp (NASDAQ:BCML) to Post Q2 2024 Earnings of $0.49 Per Share, DA Davidson Forecasts

BayCom Corp (NASDAQ:BCML) – Investment analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of BayCom in a research note issued to investors on Tuesday, April 23rd. DA Davidson analyst G. Tenner expects that the company will earn $0.49 per share for the quarter. The consensus estimate for BayCom’s current full-year earnings is $2.13 per share. DA Davidson also issued estimates for BayCom’s FY2025 earnings at $2.04 EPS.

Separately, Hovde Group began coverage on BayCom in a research report on Monday. They set an “outperform” rating and a $24.00 target price for the company.

BayCom Stock Up 3.3 %

Shares of NASDAQ:BCML opened at $20.05 on Wednesday. The firm has a market cap of $229.97 million, a P/E ratio of 9.07 and a beta of 0.76. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. BayCom has a 12-month low of $15.02 and a 12-month high of $24.31. The business has a fifty day simple moving average of $20.00 and a 200 day simple moving average of $20.81.

BayCom (NASDAQ:BCML) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). BayCom had a net margin of 19.27% and a return on equity of 8.45%. The firm had revenue of $26.20 million during the quarter, compared to the consensus estimate of $25.90 million.

Institutional Trading of BayCom

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in BayCom by 46.8% during the 4th quarter. BNP Paribas Financial Markets now owns 16,012 shares of the company’s stock worth $378,000 after acquiring an additional 5,106 shares during the period. LSV Asset Management acquired a new stake in shares of BayCom in the 4th quarter valued at about $717,000. Los Angeles Capital Management LLC acquired a new stake in shares of BayCom in the 4th quarter valued at about $615,000. New York State Common Retirement Fund grew its stake in shares of BayCom by 55.8% in the 4th quarter. New York State Common Retirement Fund now owns 4,505 shares of the company’s stock valued at $106,000 after buying an additional 1,613 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of BayCom by 72.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 39,700 shares of the company’s stock valued at $937,000 after buying an additional 16,682 shares during the period. 66.16% of the stock is currently owned by institutional investors and hedge funds.

BayCom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Saturday, March 16th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.00%. BayCom’s payout ratio is currently 18.10%.

About BayCom

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.