BayCom Corp (NASDAQ:BCML) – Analysts at B. Riley cut their FY2019 earnings per share estimates for BayCom in a research note issued on Thursday, July 11th. B. Riley analyst S. Moss now forecasts that the company will post earnings of $2.04 per share for the year, down from their prior estimate of $2.05. B. Riley also issued estimates for BayCom’s Q1 2020 earnings at $0.56 EPS, Q2 2020 earnings at $0.59 EPS, Q4 2020 earnings at $0.63 EPS and FY2020 earnings at $2.04 EPS.
A number of other equities analysts have also recently commented on BCML. Zacks Investment Research cut Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. BayCom currently has a consensus rating of “Hold” and a consensus target price of $25.50.
BayCom (NASDAQ:BCML) last released its quarterly earnings results on Monday, April 29th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $16.99 million for the quarter, compared to analysts’ expectations of $16.56 million.
Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in BayCom by 513.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the company’s stock valued at $49,000 after acquiring an additional 1,812 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in BayCom by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,771 shares of the company’s stock valued at $87,000 after acquiring an additional 2,945 shares during the period. Spark Investment Management LLC purchased a new position in BayCom during the 1st quarter valued at about $201,000. First Trust Advisors LP purchased a new position in shares of BayCom in the 4th quarter valued at about $264,000. Finally, Rhumbline Advisers boosted its stake in shares of BayCom by 47.0% in the 4th quarter. Rhumbline Advisers now owns 14,209 shares of the company’s stock valued at $328,000 after buying an additional 4,542 shares during the period. Institutional investors own 64.31% of the company’s stock.
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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