FY2024 Earnings Estimate for BayCom Issued By DA Davidson

BayCom Corp (NASDAQ:BCML) – Research analysts at DA Davidson issued their FY2024 earnings estimates for BayCom in a note issued to investors on Tuesday, October 22nd. DA Davidson analyst G. Tenner expects that the company will post earnings per share of $2.06 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 raised their target price on shares of BayCom from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, October 18th.

BayCom Trading Down 0.3 %

Shares of BCML opened at $24.32 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $25.04. The company’s fifty day moving average is $23.30 and its 200 day moving average is $21.58. The stock has a market capitalization of $273.55 million, a PE ratio of 11.00 and a beta of 0.77.

BayCom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Thursday, September 19th. BayCom’s payout ratio is 18.10%.

Hedge Funds Weigh In On BayCom

Several institutional investors and hedge funds have recently bought and sold shares of BCML. Panagora Asset Management Inc. acquired a new position in shares of BayCom in the 2nd quarter valued at $211,000. BNP Paribas Financial Markets boosted its position in BayCom by 38.5% in the 1st quarter. BNP Paribas Financial Markets now owns 22,170 shares of the company’s stock worth $457,000 after purchasing an additional 6,158 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of BayCom during the 1st quarter worth approximately $465,000. Empowered Funds LLC boosted its holdings in 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 buying an additional 2,100 shares in the last quarter. Finally, LSV Asset Management grew its position in BayCom by 17.8% during the first quarter. LSV Asset Management now owns 35,807 shares of the company’s stock valued at $738,000 after buying an additional 5,399 shares during the period. 66.16% of the stock is owned by hedge funds and other institutional investors.

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.