Equities analysts forecast that BayCom Corp (NASDAQ:BCML) will report $19.75 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for BayCom’s earnings, with the highest sales estimate coming in at $22.10 million and the lowest estimate coming in at $18.54 million. BayCom posted sales of $14.68 million during the same quarter last year, which suggests a positive year-over-year growth rate of 34.5%. The company is scheduled to issue its next earnings results on Monday, July 22nd.
According to Zacks, analysts expect that BayCom will report full-year sales of $81.35 million for the current year, with estimates ranging from $79.90 million to $84.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $89.82 million, with estimates ranging from $88.30 million to $91.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for BayCom.
BayCom (NASDAQ:BCML) last released its quarterly earnings results on Monday, April 29th. The company reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $16.99 million for the quarter, compared to analysts’ expectations of $16.56 million.
Several equities research analysts have recently commented on BCML shares. Zacks Investment Research raised shares of BayCom from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, May 1st. B. Riley started coverage on shares of BayCom in a research report on Friday, March 15th. They set a “buy” rating and a $28.00 price target for the company. Finally, ValuEngine raised shares of BayCom from a “sell” rating to a “hold” rating in a research report on Saturday, March 30th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. BayCom presently has a consensus rating of “Buy” and a consensus price target of $25.50.
Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its holdings in BayCom by 513.3% in 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. Metropolitan Life Insurance Co. NY grew its holdings in BayCom by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,771 shares of the company’s stock valued at $87,000 after buying an additional 2,945 shares in the last quarter. Bank of Montreal Can grew its holdings in BayCom by 25.4% during the 4th quarter. Bank of Montreal Can now owns 7,940 shares of the company’s stock valued at $183,000 after buying an additional 1,607 shares in the last quarter. Spark Investment Management LLC purchased a new stake in BayCom during the 1st quarter valued at approximately $201,000. Finally, First Trust Advisors LP purchased a new stake in BayCom during the 4th quarter valued at approximately $264,000. 64.31% of the stock is owned by institutional investors.
Shares of NASDAQ BCML traded down $0.09 during midday trading on Tuesday, hitting $22.03. 6,600 shares of the company’s stock traded hands, compared to its average volume of 17,236. BayCom has a 1 year low of $17.19 and a 1 year high of $26.94. The stock has a market capitalization of $243.21 million, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.03 and a beta of 0.39. The company has a fifty day moving average price of $22.80.
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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