$0.58 Earnings Per Share Expected for BayCom Corp (NASDAQ:BCML) This Quarter

Analysts expect BayCom Corp (NASDAQ:BCML) to announce earnings per share (EPS) of $0.58 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for BayCom’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.61. BayCom reported earnings of $0.31 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 87.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that BayCom will report full-year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.74 to $2.10. For the next fiscal year, analysts forecast that the company will report earnings of $2.49 per share, with EPS estimates ranging from $2.40 to $2.63. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover BayCom.

BayCom (NASDAQ:BCML) last issued its earnings results on Friday, July 26th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The business had revenue of $18.56 million during the quarter, compared to analysts’ expectations of $19.48 million.

A number of research analysts have commented on BCML shares. ValuEngine upgraded BayCom from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Zacks Investment Research downgraded BayCom from a “buy” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. BayCom has an average rating of “Buy” and a consensus price target of $26.17.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of BayCom by 513.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the company’s stock worth $49,000 after acquiring an additional 1,812 shares in the last quarter. Bank of Montreal Can lifted its position in shares of BayCom by 66.4% during the 2nd quarter. Bank of Montreal Can now owns 2,319 shares of the company’s stock worth $51,000 after purchasing an additional 925 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of BayCom by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,771 shares of the company’s stock worth $87,000 after purchasing an additional 2,945 shares during the last quarter. Spark Investment Management LLC acquired a new position in shares of BayCom during the 1st quarter worth about $201,000. Finally, Panagora Asset Management Inc. lifted its position in shares of BayCom by 20.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 14,408 shares of the company’s stock worth $316,000 after purchasing an additional 2,487 shares during the last quarter. Institutional investors own 57.22% of the company’s stock.

NASDAQ BCML traded down $0.53 on Friday, reaching $21.22. The stock had a trading volume of 35,654 shares, compared to its average volume of 17,206. The business has a 50 day moving average price of $22.50 and a 200 day moving average price of $22.57. BayCom has a 1 year low of $17.19 and a 1 year high of $26.89. The company has a market capitalization of $264.07 million, a price-to-earnings ratio of 12.86, a P/E/G ratio of 0.98 and a beta of 0.37.

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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