DA Davidson Weighs in on BayCom Corp’s Q2 2024 Earnings (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML) – Investment analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of BayCom in a research note issued on Tuesday, April 23rd. DA Davidson analyst G. Tenner anticipates that the company will post earnings per share of $0.49 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.

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

Separately, Hovde Group assumed coverage on shares of BayCom in a research report on Monday. They issued an “outperform” rating and a $24.00 price target on the stock.

BayCom Trading Up 0.0 %

BayCom stock opened at $20.11 on Wednesday. The firm’s 50-day moving average is $20.01 and its 200-day moving average is $20.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. BayCom has a 1 year low of $15.02 and a 1 year high of $24.31. The company has a market cap of $230.64 million, a P/E ratio of 9.10 and a beta of 0.76.

BayCom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Saturday, March 16th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.99%. BayCom’s dividend payout ratio is currently 18.10%.

Hedge Funds Weigh In On BayCom

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC raised its holdings in shares of BayCom by 13.4% during the fourth quarter. SG Americas Securities LLC now owns 6,204 shares of the company’s stock valued at $146,000 after acquiring an additional 732 shares during the period. New York State Common Retirement Fund increased its stake in 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. BNP Paribas Financial Markets increased its stake in BayCom by 46.8% in the 4th quarter. BNP Paribas Financial Markets now owns 16,012 shares of the company’s stock valued at $378,000 after buying an additional 5,106 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in BayCom in the 3rd quarter valued at approximately $281,000. Finally, Assenagon Asset Management S.A. increased its stake in 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. Institutional investors and hedge funds own 66.16% of the company’s stock.

BayCom 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.