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

BayCom Corp (NASDAQ:BCML) – Equities research analysts at DA Davidson raised their FY2025 earnings per share estimates for BayCom in a report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.65 for the year, up from their previous estimate of $2.24. The consensus estimate for BayCom’s current full-year earnings is $2.06 per share.

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

BayCom Stock Performance

Shares of BayCom stock opened at $28.52 on Thursday. The firm has a market cap of $317.14 million, a P/E ratio of 13.58 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom has a 12 month low of $18.54 and a 12 month high of $30.13. The stock’s fifty day moving average price is $27.55 and its 200-day moving average price is $25.07.

BayCom (NASDAQ:BCML) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. BayCom had a return on equity of 7.56% and a net margin of 17.22%.

BayCom Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, December 12th. This is a positive change from BayCom’s previous quarterly dividend of $0.10. BayCom’s payout ratio is 28.57%.

Hedge Funds Weigh In On BayCom

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in BayCom in the fourth quarter worth about $120,000. Assenagon Asset Management S.A. acquired a new stake in BayCom in the fourth quarter worth about $422,000. JPMorgan Chase & Co. boosted its holdings in BayCom by 129.9% in the third quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company’s stock worth $530,000 after acquiring an additional 12,617 shares in the last quarter. Captrust Financial Advisors boosted its holdings in BayCom by 4.4% in the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after acquiring an additional 978 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in BayCom by 20.1% in the third quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock worth $554,000 after acquiring an additional 3,900 shares in the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

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.