BayCom Corp (BCML) Expected to Post Earnings of $0.54 Per Share

Wall Street analysts forecast that BayCom Corp (NASDAQ:BCML) will post earnings of $0.54 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for BayCom’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.66. BayCom posted earnings of $0.45 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The business is expected to issue its next quarterly earnings report on Monday, July 22nd.

According to Zacks, analysts expect that BayCom will report full-year earnings of $2.18 per share for the current year, with EPS estimates ranging from $2.05 to $2.41. For the next financial year, analysts expect that the business will report earnings of $2.35 per share, with EPS estimates ranging from $2.25 to $2.54. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover BayCom.

BayCom (NASDAQ:BCML) last released its earnings results on Monday, April 29th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $16.99 million for the quarter, compared to the consensus estimate of $16.56 million.

BCML has been the subject of a number of recent analyst reports. TheStreet upgraded BayCom from a “c+” rating to a “b” rating in a research report on Monday, January 28th. Hovde Group initiated coverage on BayCom in a research report on Monday, February 4th. They set an “outperform” rating and a $24.50 target price for the company. Zacks Investment Research downgraded BayCom from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 12th. B. Riley initiated coverage on BayCom in a research report on Friday, March 15th. They set a “buy” rating and a $28.00 target price for the company. Finally, ValuEngine downgraded BayCom from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. BayCom currently has an average rating of “Buy” and an average price target of $26.63.

Several large investors have recently added to or reduced their stakes in BCML. BNP Paribas Arbitrage SA lifted its position in shares of BayCom by 513.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the company’s stock valued at $49,000 after acquiring an additional 1,812 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in shares of BayCom by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,771 shares of the company’s stock worth $87,000 after buying an additional 2,945 shares during the last quarter. Bank of Montreal Can lifted its position in shares of BayCom by 25.4% during the 4th quarter. Bank of Montreal Can now owns 7,940 shares of the company’s stock worth $183,000 after buying an additional 1,607 shares during the last quarter. Spark Investment Management LLC bought a new stake in shares of BayCom during the 1st quarter worth $201,000. Finally, First Trust Advisors LP bought a new stake in shares of BayCom during the 4th quarter worth $264,000. Hedge funds and other institutional investors own 63.67% of the company’s stock.

Shares of NASDAQ:BCML traded up $0.29 during trading on Wednesday, reaching $24.60. 3,683 shares of the company traded hands, compared to its average volume of 19,252. The company has a market cap of $267.94 million, a price-to-earnings ratio of 14.91, a PEG ratio of 1.12 and a beta of 0.35. BayCom has a 52 week low of $17.19 and a 52 week high of $26.94.

About BayCom

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multi-family 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.

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Earnings History and Estimates for BayCom (NASDAQ:BCML)

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