DA Davidson Has Pessimistic View of BayCom FY2025 Earnings

BayCom Corp (NASDAQ:BCML) – DA Davidson dropped their FY2025 EPS estimates for BayCom in a report released on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the company will earn $2.24 per share for the year, down from their prior forecast of $2.25. 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 report on Friday, October 18th.

BayCom Stock Performance

NASDAQ:BCML opened at $26.82 on Friday. The stock’s 50 day simple moving average is $26.96 and its two-hundred day simple moving average is $23.66. The company has a market cap of $298.27 million, a price-to-earnings ratio of 12.77 and a beta of 0.79. 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 has a 1 year low of $18.54 and a 1 year high of $30.13.

BayCom (NASDAQ:BCML) last announced its quarterly earnings results on Thursday, October 17th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. BayCom had a net margin of 17.22% and a return on equity of 7.56%. The company had revenue of $25.61 million for the quarter, compared to the consensus estimate of $23.70 million.

BayCom Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.24%. This is an increase from BayCom’s previous quarterly dividend of $0.10. BayCom’s payout ratio is currently 28.57%.

Institutional Trading of BayCom

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Panagora Asset Management Inc. purchased a new position in shares of BayCom in the 2nd quarter valued at $211,000. Captrust Financial Advisors raised its holdings in BayCom by 4.4% during the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after purchasing an additional 978 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of BayCom by 20.1% in the third quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock valued at $554,000 after buying an additional 3,900 shares in the last quarter. Barclays PLC boosted its holdings in BayCom by 61.3% during the third quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after buying an additional 10,442 shares in the last quarter. Finally, Empowered Funds LLC raised its position in BayCom by 5.2% during the third quarter. Empowered Funds LLC now owns 32,795 shares of the company’s stock worth $778,000 after acquiring an additional 1,608 shares during the last quarter. 66.16% of the stock is currently 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.