DA Davidson Predicts BayCom's FY2024 Earnings (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML - Free Report) - Equities research analysts at DA Davidson issued their FY2024 earnings per share estimates for BayCom in a research report issued to clients and investors on Tuesday, October 22nd. DA Davidson analyst G. Tenner expects that the company will post earnings of $2.06 per share for the year. The consensus estimate for BayCom's current full-year earnings is $1.95 per share. DA Davidson also issued estimates for BayCom's Q4 2024 earnings at $0.51 EPS and FY2025 earnings at $2.25 EPS.

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

BayCom Price Performance

Shares of BCML traded down $0.51 during mid-day trading on Thursday, hitting $24.40. 26,629 shares of the company traded hands, compared to its average volume of 22,236. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $274.45 million, a price-to-earnings ratio of 11.27 and a beta of 0.77. The business has a 50-day moving average of $23.21 and a 200 day moving average of $21.53. BayCom has a one year low of $18.54 and a one year high of $25.04.

BayCom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.40 annualized dividend and a yield of 1.64%. BayCom's dividend payout ratio is currently 18.10%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BCML. Vanguard Group Inc. raised its stake in shares of BayCom by 0.4% during the first quarter. Vanguard Group Inc. now owns 668,965 shares of the company's stock worth $13,787,000 after buying an additional 2,801 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of BayCom by 38.5% in the 1st quarter. BNP Paribas Financial Markets now owns 22,170 shares of the company's stock valued at $457,000 after purchasing an additional 6,158 shares during the period. Quadrature Capital Ltd bought a new position in shares of BayCom in the 1st quarter worth $465,000. Empowered Funds LLC grew its stake in shares of BayCom by 7.8% during the first quarter. Empowered Funds LLC now owns 29,027 shares of the company's stock worth $598,000 after purchasing an additional 2,100 shares during the period. Finally, LSV Asset Management grew its stake in shares of BayCom by 17.8% during the first quarter. LSV Asset Management now owns 35,807 shares of the company's stock worth $738,000 after purchasing an additional 5,399 shares during the period. Institutional investors own 66.16% of the company's stock.

About BayCom

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.