DA Davidson Has Bearish Forecast for BayCom FY2025 Earnings

BayCom Corp (NASDAQ:BCML - Free Report) - Research analysts at DA Davidson lowered their FY2025 EPS estimates for shares of BayCom in a report released on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $2.24 for the year, down from their previous estimate of $2.25. The consensus estimate for BayCom's current full-year earnings is $2.06 per share.

BayCom (NASDAQ:BCML - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.07. The firm had revenue of $25.61 million for the quarter, compared to analysts' expectations of $23.70 million. BayCom had a net margin of 17.22% and a return on equity of 7.56%.

Separately, Hovde Group boosted their target price on BayCom from $26.00 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th.

BayCom Trading Down 2.4 %

Shares of NASDAQ:BCML traded down $0.67 during midday trading on Friday, hitting $26.82. The company had a trading volume of 160,286 shares, compared to its average volume of 23,429. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom has a 12 month low of $18.54 and a 12 month high of $30.13. The firm has a fifty day simple moving average of $26.90 and a 200 day simple moving average of $23.61. The stock has a market cap of $298.27 million, a price-to-earnings ratio of 12.77 and a beta of 0.79.

Hedge Funds Weigh In On BayCom

Several institutional investors and hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. acquired a new stake in BayCom during the 2nd quarter worth $211,000. Captrust Financial Advisors increased its holdings in shares of BayCom by 4.4% in 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 in the last quarter. Martingale Asset Management L P raised its position in shares of BayCom by 20.1% during the third quarter. Martingale Asset Management L P now owns 23,341 shares of the company's stock worth $554,000 after purchasing an additional 3,900 shares during the period. Barclays PLC lifted its holdings in shares of BayCom by 61.3% during the 3rd quarter. Barclays PLC now owns 27,486 shares of the company's stock valued at $651,000 after purchasing an additional 10,442 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of BayCom by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,795 shares of the company's stock valued at $778,000 after purchasing an additional 1,608 shares during the period. Institutional investors and hedge funds own 66.16% of the company's stock.

BayCom Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be issued a $0.15 dividend. The ex-dividend date is Thursday, December 12th. This is a positive change from BayCom's previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 2.24%. BayCom's dividend payout ratio (DPR) is 28.57%.

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.