Equities analysts forecast that BayCom Corp (NASDAQ:BCML) will report $16.56 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for BayCom’s earnings, with estimates ranging from $16.37 million to $16.70 million. BayCom posted sales of $14.14 million during the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The firm is expected to announce its next quarterly earnings results on Wednesday, April 10th.
On average, analysts expect that BayCom will report full year sales of $79.01 million for the current year, with estimates ranging from $77.53 million to $80.50 million. For the next financial year, analysts forecast that the firm will post sales of $87.24 million, with estimates ranging from $86.33 million to $88.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow BayCom.
BayCom (NASDAQ:BCML) last issued its earnings results on Tuesday, January 29th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $15.90 million.
Several research analysts recently weighed in on BCML shares. B. Riley started coverage on BayCom in a research report on Friday, March 15th. They issued a “buy” rating and a $28.00 target price on the stock. Zacks Investment Research raised BayCom from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Thursday, January 3rd. ValuEngine raised BayCom from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. TheStreet raised BayCom from a “c+” rating to a “b” rating in a research report on Monday, January 28th. Finally, Hovde Group started coverage on BayCom in a research report on Monday, February 4th. They issued an “outperform” rating and a $24.50 target price on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $26.38.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc raised its holdings in BayCom by 14.9% during the third quarter. Vanguard Group Inc now owns 480,637 shares of the company’s stock worth $12,824,000 after purchasing an additional 62,271 shares in the last quarter. Southside Capital LLC bought a new stake in shares of BayCom in the 4th quarter valued at $2,110,000. Royce & Associates LP boosted its stake in shares of BayCom by 40.3% in the 4th quarter. Royce & Associates LP now owns 86,982 shares of the company’s stock valued at $2,008,000 after purchasing an additional 25,000 shares during the last quarter. Martingale Asset Management L P bought a new stake in shares of BayCom in the 4th quarter valued at $426,000. Finally, Acadian Asset Management LLC boosted its stake in shares of BayCom by 6.8% in the 4th quarter. Acadian Asset Management LLC now owns 65,441 shares of the company’s stock valued at $1,511,000 after purchasing an additional 4,156 shares during the last quarter. 63.71% of the stock is currently owned by institutional investors.
Shares of BCML traded up $0.38 during trading hours on Wednesday, hitting $22.38. The stock had a trading volume of 9,900 shares, compared to its average volume of 21,246. The firm has a market capitalization of $247.67 million, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.05 and a beta of 0.35. BayCom has a 12-month low of $17.19 and a 12-month high of $26.94.
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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