BayCom Corp (NASDAQ:BCML) Expected to Post Q2 2024 Earnings of $0.49 Per Share

BayCom Corp (NASDAQ:BCML) – Analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of BayCom in a research note issued on Tuesday, April 23rd. DA Davidson analyst G. Tenner anticipates 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.

BayCom (NASDAQ:BCML) last released 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 firm had revenue of $26.20 million during the quarter, compared to analysts’ expectations of $25.90 million.

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

BayCom Price Performance

Shares of BayCom stock opened at $20.10 on Wednesday. BayCom has a one year low of $15.02 and a one year high of $24.31. The stock’s fifty day moving average is $20.00 and its 200 day moving average is $20.81. The stock has a market cap of $230.55 million, a P/E ratio of 9.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of BayCom in the third quarter valued at approximately $105,000. New York State Common Retirement Fund boosted its holdings in BayCom by 55.8% in the fourth quarter. New York State Common Retirement Fund now owns 4,505 shares of the company’s stock valued at $106,000 after purchasing an additional 1,613 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in BayCom in the third quarter valued at $281,000. BNP Paribas Financial Markets boosted its stake in shares of 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 in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of BayCom during the 3rd quarter worth about $442,000. Hedge funds and other institutional investors own 66.16% of the company’s stock.

BayCom Dividend Announcement

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

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.