$0.46 EPS Expected for BayCom Corp (BCML) This Quarter

Equities research analysts expect BayCom Corp (NASDAQ:BCML) to post earnings per share (EPS) of $0.46 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for BayCom’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.49. BayCom reported earnings per share of $0.54 in the same quarter last year, which suggests a negative year over year growth rate of 14.8%. The firm is expected to announce its next earnings results on Wednesday, April 10th.

On average, analysts expect that BayCom will report full-year earnings of $2.17 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.41. For the next year, analysts expect that the firm will post earnings of $2.33 per share, with EPS estimates ranging from $2.21 to $2.54. Zacks’ EPS averages are a mean average based on a survey of research firms that cover BayCom.

BayCom (NASDAQ:BCML) last issued its quarterly earnings data on Tuesday, January 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $15.52 million for the quarter, compared to analysts’ expectations of $15.90 million.

BCML has been the topic of a number of research analyst reports. TheStreet raised shares of BayCom from a “c+” rating to a “b” rating in a research report on Monday, January 28th. B. Riley initiated coverage on shares of BayCom in a research report on Friday, March 15th. They set a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research raised shares of BayCom from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, April 2nd. ValuEngine raised shares of BayCom from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Hovde Group began coverage on shares of BayCom in a research report on Monday, February 4th. They set an “outperform” rating and a $24.50 price objective on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.38.

BayCom stock traded up $0.38 during mid-day trading on Monday, reaching $22.38. 9,900 shares of the company traded hands, compared to its average volume of 21,246. The company has a market cap of $247.67 million, a P/E ratio of 13.56, a PEG ratio of 1.05 and a beta of 0.35. BayCom has a 52-week low of $17.19 and a 52-week high of $26.94.

Several large investors have recently added to or reduced their stakes in BCML. Metropolitan Life Insurance Co. NY grew its position in shares of BayCom by 356.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,771 shares of the company’s stock worth $87,000 after buying an additional 2,945 shares during the period. Bank of Montreal Can grew its position in shares of BayCom by 25.4% in the 4th quarter. Bank of Montreal Can now owns 7,940 shares of the company’s stock worth $183,000 after buying an additional 1,607 shares during the period. First Trust Advisors LP purchased a new stake in shares of BayCom in the 4th quarter worth about $264,000. Rhumbline Advisers grew its position in shares of BayCom by 47.0% in the 4th quarter. Rhumbline Advisers now owns 14,209 shares of the company’s stock worth $328,000 after buying an additional 4,542 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of BayCom in the 4th quarter worth about $390,000. 63.71% of the stock is currently owned by hedge funds and other institutional investors.

BayCom Company Profile

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multi-family 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.

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Earnings History and Estimates for BayCom (NASDAQ:BCML)

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