BayCom Corp Expected to Post Q2 2024 Earnings of $0.49 Per Share (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML - Free Report) - Stock analysts at DA Davidson issued their Q2 2024 EPS estimates for BayCom in a research report issued on Tuesday, April 23rd. DA Davidson analyst G. Tenner expects that the company will earn $0.49 per share for the quarter. The consensus estimate for BayCom's current full-year earnings is $2.13 per share. DA Davidson also issued estimates for BayCom's FY2025 earnings at $2.04 EPS.

BayCom (NASDAQ:BCML - Get Free Report) last announced its earnings results on Thursday, January 25th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $26.20 million for the quarter, compared to analyst estimates of $25.90 million. BayCom had a net margin of 19.27% and a return on equity of 8.45%.

Separately, Hovde Group began coverage on shares of BayCom in a research note on Monday. They set an "outperform" rating and a $24.00 price objective for the company.

BayCom Stock Performance

NASDAQ:BCML traded up $0.05 during trading hours on Wednesday, hitting $20.10. 50,092 shares of the company were exchanged, compared to its average volume of 23,656. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. BayCom has a 52-week low of $15.02 and a 52-week high of $24.31. The stock has a market capitalization of $230.55 million, a price-to-earnings ratio of 9.10 and a beta of 0.76. The company's 50 day moving average price is $20.00 and its 200-day moving average price is $20.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BCML. SG Americas Securities LLC acquired a new position in BayCom in the 3rd quarter worth approximately $105,000. New York State Common Retirement Fund increased its stake in shares of BayCom by 55.8% in the fourth quarter. New York State Common Retirement Fund now owns 4,505 shares of the company's stock worth $106,000 after acquiring an additional 1,613 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of BayCom during the third quarter worth $281,000. BNP Paribas Financial Markets lifted its position in BayCom by 46.8% during the fourth quarter. BNP Paribas Financial Markets now owns 16,012 shares of the company's stock valued at $378,000 after purchasing an additional 5,106 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in BayCom in the third quarter valued at $442,000. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

BayCom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Saturday, March 16th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, March 14th. BayCom's dividend payout ratio is presently 18.10%.

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.