BayCom Corp (NASDAQ:BCML – received rating) – Research analysts at DA Davidson have raised their estimates of fiscal 2022 EPS for BayCom shares in a note to investors on Thursday, June 30. DA Davidson analyst G. Tenner now expects the company to earn $2.47 per share for the year, up from its previous forecast of $2.25. The consensus estimate for BayCom’s current full-year earnings is $2.23 per share. DA Davidson also released estimates for BayCom’s fiscal 2023 earnings of $2.67 per share.
BayCom (NASDAQ:BCML – received rating) last announced its quarterly results on Thursday, April 21. The company reported earnings per share of $0.51 for the quarter, beating the consensus estimate of $0.36 by $0.15. The company had revenue of $26.75 million for the quarter, compared to analysts’ expectations of $24.30 million. BayCom had a net margin of 22.74% and a return on equity of 8.26%.
Separately, Hovde Group raised its target price on BayCom shares to $28.00 in a research report on Thursday, May 26.
NASDAQ:BCML opened Friday for $20.98. The company has a 50-day moving average price of $22.07 and a 200-day moving average price of $21.44. BayCom has a 12-month low of $16.47 and a 12-month high of $23.53. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The stock has a market cap of $287.11 million, a price-to-earnings ratio of 10.39 and a beta of 0.73.
Major investors have recently bought and sold shares in the company. Bank of America Corp DE increased its stake in BayCom shares by 715.5% in the first quarter. Bank of America Corp DE now owns 1,794 shares of the company, valued at $39,000, after purchasing an additional 1,574 shares last quarter. Baird Financial Group Inc. acquired a new stake in BayCom for approximately $261,000 during the first quarter. Western Wealth Management LLC acquired a new stake in BayCom for approximately $318,000 during the first quarter. Citigroup Inc. acquired a new stake in BayCom for approximately $328,000 during the first quarter. Finally, JPMorgan Chase & Co. increased its stake in BayCom by 375.5% in the first quarter. JPMorgan Chase & Co. now owns 18,416 shares of the company’s stock, valued at $401,000, after purchasing an additional 14,543 shares last quarter. 47.13% of the shares are owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, June 17 will receive a dividend of $0.05. The ex-dividend date of this dividend is Thursday June 16th. That equates to an annualized dividend of $0.20 and a dividend yield of 0.95%. BayCom’s payout ratio is 9.90%.
About BayCom (received rating)
BayCom Corp acts as the bank holding company for United Business Bank, which provides various financial services to small and medium-sized businesses, service professionals and individuals. The company offers sight, savings, money market and time deposit accounts. It also offers commercial and multi-family home loans, including owner-occupier and investor home loans; commercial and industrial loans, such as B. equipment credits and working capital lines of credit; small business management loans; construction and real estate loans; agriculture related loans; and consumer credit, which includes installment loans, unsecured and secured personal lines of credit, and bank overdrafts.
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