BayCom (BCML) to Release Earnings on Thursday

BayCom (NASDAQ:BCML - Get Free Report) is set to release its earnings data on Thursday, April 18th.

BayCom (NASDAQ:BCML - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). BayCom had a net margin of 20.33% and a return on equity of 8.80%. The company had revenue of $26.20 million during the quarter, compared to the consensus estimate of $25.90 million. On average, analysts expect BayCom to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BayCom Price Performance

Shares of BCML stock traded down $0.42 during trading hours on Wednesday, hitting $19.77. The company had a trading volume of 24,624 shares, compared to its average volume of 22,642. BayCom has a 12 month low of $15.02 and a 12 month high of $24.31. The firm has a market capitalization of $226.76 million, a price-to-earnings ratio of 8.79 and a beta of 0.76. The firm's fifty day moving average is $20.01 and its 200 day moving average is $20.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05.

BayCom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Saturday, March 16th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.02%. BayCom's dividend payout ratio is currently 17.78%.

Institutional Investors Weigh In On BayCom

Large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in BayCom by 715.5% during the 1st quarter. Bank of America Corp DE now owns 1,794 shares of the company's stock worth $39,000 after acquiring an additional 1,574 shares during the last quarter. Citigroup Inc. grew its position in BayCom by 181,650.0% during the 2nd quarter. Citigroup Inc. now owns 3,635 shares of the company's stock worth $61,000 after acquiring an additional 3,633 shares during the last quarter. UBS Group AG grew its position in BayCom by 499.6% during the 4th quarter. UBS Group AG now owns 3,286 shares of the company's stock worth $62,000 after acquiring an additional 2,738 shares during the last quarter. Wells Fargo & Company MN grew its position in BayCom by 108.1% during the 2nd quarter. Wells Fargo & Company MN now owns 4,511 shares of the company's stock worth $75,000 after acquiring an additional 2,343 shares during the last quarter. Finally, American International Group Inc. bought a new stake in BayCom during the 2nd quarter worth approximately $124,000. 66.16% of the stock is currently owned by institutional investors.

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.