BayCom (BCML) Set to Announce Earnings on Thursday

BayCom (NASDAQ:BCML) is scheduled to post its quarterly earnings results on Thursday, April 18th.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). BayCom had a net margin of 20.33% and a return on equity of 8.80%. The company had revenue of $26.20 million for the quarter, compared to analyst estimates of $25.90 million. On average, analysts expect BayCom to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BayCom Stock Performance

NASDAQ:BCML traded down $0.42 during midday trading on Wednesday, reaching $19.77. 24,624 shares of the company traded hands, compared to its average volume of 22,450. BayCom has a twelve month low of $15.02 and a twelve month high of $24.31. The firm has a market capitalization of $226.76 million, a price-to-earnings ratio of 8.88 and a beta of 0.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. The company has a fifty day moving average price of $20.02 and a 200 day moving average price of $20.79.

BayCom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Saturday, March 16th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.02%. BayCom’s dividend payout ratio (DPR) is presently 17.78%.

Institutional Investors Weigh In On BayCom

A number of institutional investors and hedge funds have recently modified their holdings of BCML. Royal Bank of Canada raised its holdings in shares of BayCom by 14.1% in the 4th quarter. Royal Bank of Canada now owns 9,591 shares of the company’s stock worth $226,000 after buying an additional 1,188 shares in the last quarter. Barclays PLC grew its position in BayCom by 31.1% during the 4th quarter. Barclays PLC now owns 11,139 shares of the company’s stock worth $211,000 after acquiring an additional 2,640 shares during the last quarter. BNP Paribas Arbitrage SNC grew its position in BayCom by 72.1% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 11,832 shares of the company’s stock worth $202,000 after acquiring an additional 4,957 shares during the last quarter. First Trust Advisors LP bought a new stake in BayCom during the 4th quarter worth approximately $201,000. Finally, Deutsche Bank AG grew its position in BayCom by 43.3% during the 1st quarter. Deutsche Bank AG now owns 7,601 shares of the company’s stock worth $130,000 after acquiring an additional 2,295 shares during the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

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.