What is DA Davidson's Forecast for BayCom FY2025 Earnings?

BayCom Corp (NASDAQ:BCML - Free Report) - DA Davidson boosted their FY2025 earnings estimates for shares of BayCom in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.36 for the year, up from their previous forecast of $2.35. The consensus estimate for BayCom's current full-year earnings is $2.48 per share. DA Davidson also issued estimates for BayCom's FY2026 earnings at $2.70 EPS.

BayCom (NASDAQ:BCML - Get Free Report) last announced its earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%.

Separately, Hovde Group downgraded shares of BayCom from an "outperform" rating to a "market perform" rating and set a $31.00 target price for the company. in a report on Wednesday, February 12th.

BayCom Price Performance

Shares of BCML traded down $0.06 during mid-day trading on Thursday, reaching $24.13. The stock had a trading volume of 8,666 shares, compared to its average volume of 23,984. The business has a fifty day moving average of $26.69 and a 200 day moving average of $26.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $268.58 million, a price-to-earnings ratio of 11.55 and a beta of 0.50. BayCom has a 12 month low of $18.54 and a 12 month high of $30.13.

BayCom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, March 13th. BayCom's payout ratio is currently 28.57%.

Insider Transactions at BayCom

In other BayCom news, CEO George J. Guarini sold 27,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $27.50, for a total value of $742,500.00. Following the sale, the chief executive officer now owns 46,759 shares in the company, valued at $1,285,872.50. The trade was a 36.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.20% of the company's stock.

Institutional Investors Weigh In On BayCom

A number of hedge funds have recently made changes to their positions in BCML. Martingale Asset Management L P grew its holdings in BayCom by 20.1% during the 3rd quarter. Martingale Asset Management L P now owns 23,341 shares of the company's stock valued at $554,000 after buying an additional 3,900 shares in the last quarter. Captrust Financial Advisors increased its stake in BayCom by 4.4% during the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company's stock worth $554,000 after acquiring an additional 978 shares during the last quarter. State Street Corp lifted its position in BayCom by 0.5% in the third quarter. State Street Corp now owns 163,965 shares of the company's stock worth $3,906,000 after buying an additional 880 shares during the last quarter. Barclays PLC lifted its holdings in shares of BayCom by 61.3% in the 3rd quarter. Barclays PLC now owns 27,486 shares of the company's stock worth $651,000 after acquiring an additional 10,442 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of BayCom by 129.9% during the third quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company's stock valued at $530,000 after buying an additional 12,617 shares during the period. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

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.