Analysts expect BayCom Corp (NASDAQ:BCML) to report earnings per share of $0.46 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for BayCom’s earnings, with estimates ranging from $0.43 to $0.49. BayCom reported earnings per share of $0.54 during the same quarter last year, which would suggest a negative year over year growth rate of 14.8%. The company is expected to report its next earnings results on Wednesday, April 10th.
On average, analysts expect that BayCom will report full-year earnings of $2.17 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.41. For the next year, analysts expect that the company will post earnings of $2.33 per share, with EPS estimates ranging from $2.21 to $2.54. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for BayCom.
BayCom (NASDAQ:BCML) last announced its earnings results on Tuesday, January 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $15.52 million for the quarter, compared to analyst estimates of $15.90 million.
Several brokerages have issued reports on BCML. Zacks Investment Research raised shares of BayCom from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, April 2nd. ValuEngine raised shares of BayCom from a “sell” rating to a “hold” rating in a research note on Saturday, March 30th. B. Riley began coverage on shares of BayCom in a research note on Friday, March 15th. They set a “buy” rating and a $28.00 target price on the stock. Hovde Group began coverage on shares of BayCom in a research note on Monday, February 4th. They set an “outperform” rating and a $24.50 target price on the stock. Finally, TheStreet raised shares of BayCom from a “c+” rating to a “b” rating in a research note on Monday, January 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $26.38.
Several hedge funds and other institutional investors have recently bought and sold shares of BCML. BlackRock Inc. increased its stake in shares of BayCom by 2.2% in the fourth quarter. BlackRock Inc. now owns 528,282 shares of the company’s stock worth $12,198,000 after acquiring an additional 11,385 shares during the last quarter. Vanguard Group Inc increased its stake in shares of BayCom by 14.9% in the third quarter. Vanguard Group Inc now owns 480,637 shares of the company’s stock worth $12,824,000 after acquiring an additional 62,271 shares during the last quarter. Patriot Financial Partners GP LP increased its stake in shares of BayCom by 62.2% in the fourth quarter. Patriot Financial Partners GP LP now owns 365,776 shares of the company’s stock worth $8,446,000 after acquiring an additional 140,242 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its stake in shares of BayCom by 12.9% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 274,535 shares of the company’s stock worth $6,339,000 after acquiring an additional 31,471 shares during the last quarter. Finally, FMR LLC increased its stake in shares of BayCom by 15.3% in the fourth quarter. FMR LLC now owns 147,182 shares of the company’s stock worth $3,398,000 after acquiring an additional 19,500 shares during the last quarter. 63.71% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:BCML traded up $0.38 during trading hours on Monday, hitting $22.38. 9,900 shares of the stock traded hands, compared to its average volume of 21,246. BayCom has a fifty-two week low of $17.19 and a fifty-two week high of $26.94. The company has a market cap of $247.67 million, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.05 and a beta of 0.35.
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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