DA Davidson Issues Pessimistic Estimate for BayCom Earnings

BayCom Corp (NASDAQ:BCML) – Equities researchers at DA Davidson dropped their FY2025 earnings per share estimates for 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 prior estimate of $2.25. The consensus estimate for BayCom’s current full-year earnings is $2.06 per share.

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

BayCom Stock Performance

NASDAQ BCML opened at $27.49 on Friday. BayCom has a 52 week low of $18.54 and a 52 week high of $30.13. The firm has a 50 day moving average of $26.90 and a two-hundred day moving average of $23.61. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $305.72 million, a PE ratio of 13.09 and a beta of 0.79.

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

Institutional Investors Weigh In On BayCom

Several large investors have recently modified their holdings of BCML. Panagora Asset Management Inc. purchased a new stake in shares of BayCom during the second quarter worth approximately $211,000. Captrust Financial Advisors lifted its stake in shares of BayCom by 4.4% in the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock valued at $554,000 after purchasing an additional 978 shares during the period. Martingale Asset Management L P boosted its stake in shares of BayCom by 20.1% during the 3rd quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock worth $554,000 after acquiring an additional 3,900 shares in the last quarter. Barclays PLC boosted its position in BayCom by 61.3% during the third quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after purchasing an additional 10,442 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in 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 acquiring an additional 1,608 shares during the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

BayCom Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from BayCom’s previous quarterly dividend of $0.10. BayCom’s payout ratio 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.