DA Davidson Estimates BayCom’s FY2025 Earnings (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML) – Research analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of BayCom in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the company will earn $2.24 per share for the year, down from their previous estimate of $2.25. The consensus estimate for BayCom’s current full-year earnings is $2.06 per share.

BayCom (NASDAQ:BCML) last issued its earnings results on Thursday, October 17th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. BayCom had a net margin of 17.22% and a return on equity of 7.56%. The company had revenue of $25.61 million for the quarter, compared to analysts’ expectations of $23.70 million.

Separately, Hovde Group lifted their target price on shares of BayCom from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, October 18th.

BayCom Stock Performance

BCML opened at $26.82 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The stock has a market cap of $298.27 million, a price-to-earnings ratio of 12.77 and a beta of 0.79. BayCom has a 12-month low of $18.54 and a 12-month high of $30.13. The business has a 50 day moving average of $26.90 and a 200-day moving average of $23.61.

Hedge Funds Weigh In On BayCom

Several hedge funds and other institutional investors have recently made changes to their positions in BCML. Royce & Associates LP boosted its holdings in shares of BayCom by 11.5% in the 3rd quarter. Royce & Associates LP now owns 543,211 shares of the company’s stock valued at $12,885,000 after purchasing an additional 56,066 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in BayCom by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company’s stock valued at $12,088,000 after purchasing an additional 15,798 shares during the last quarter. Acadian Asset Management LLC boosted its position in BayCom by 5.8% in the second quarter. Acadian Asset Management LLC now owns 209,844 shares of the company’s stock valued at $4,268,000 after buying an additional 11,484 shares in the last quarter. Barclays PLC grew its stake in shares of BayCom by 61.3% during the third quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after buying an additional 10,442 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in shares of BayCom in the 2nd quarter valued at $211,000. 66.16% of the stock is currently owned by institutional investors and hedge funds.

BayCom Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be paid a $0.15 dividend. This is a boost from BayCom’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, December 12th. BayCom’s payout ratio is 28.57%.

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.