BayCom Corp (NASDAQ:BCML – Free Report) – Research analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for BayCom in a report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $2.65 per share for the year, up from their prior estimate of $2.24. The consensus estimate for BayCom’s current full-year earnings is $2.06 per share.
BayCom (NASDAQ:BCML – Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. BayCom had a return on equity of 7.56% and a net margin of 17.22%.
Read Our Latest Analysis on BCML
BayCom Stock Up 0.4 %
BayCom stock opened at $28.52 on Thursday. The stock has a market capitalization of $317.14 million, a PE ratio of 13.58 and a beta of 0.80. BayCom has a 12 month low of $18.54 and a 12 month high of $30.13. The business has a 50 day simple moving average of $27.55 and a 200-day simple moving average of $25.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04.
BayCom Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.10%. This is a boost from BayCom’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, December 12th. BayCom’s payout ratio is presently 28.57%.
Institutional Trading of BayCom
Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of BayCom by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company’s stock worth $12,088,000 after purchasing an additional 15,798 shares in the last quarter. Royce & Associates LP grew its holdings in 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 buying an additional 56,066 shares in the last quarter. State Street Corp grew its holdings in BayCom by 0.5% in the 3rd quarter. State Street Corp now owns 163,965 shares of the company’s stock valued at $3,906,000 after buying an additional 880 shares in the last quarter. Caldwell Sutter Capital Inc. grew its holdings in BayCom by 3.4% in the 3rd quarter. Caldwell Sutter Capital Inc. now owns 84,047 shares of the company’s stock valued at $1,994,000 after buying an additional 2,800 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in BayCom by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 80,500 shares of the company’s stock valued at $1,638,000 after buying an additional 2,500 shares in the last quarter. 66.16% of the stock is currently owned by hedge funds and other institutional investors.
About BayCom
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.
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