Research Analysts Set Expectations for BayCom Corp’s FY2022 Earnings (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML) – DA Davidson boosted their FY2022 earnings per share (EPS) estimates for BayCom in a research note issued on Friday, September 10th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $1.75 per share for the year, up from their prior estimate of $1.66.

Separately, Zacks Investment Research raised shares of BayCom from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 27th.

Shares of NASDAQ BCML opened at $18.29 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market capitalization of $195.57 million, a PE ratio of 11.80 and a beta of 1.05. The firm’s 50-day moving average is $17.78 and its two-hundred day moving average is $18.00. BayCom has a 12-month low of $9.67 and a 12-month high of $19.00.

BayCom (NASDAQ:BCML) last issued its quarterly earnings results on Wednesday, July 21st. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $20.24 million for the quarter, compared to analyst estimates of $19.70 million. BayCom had a net margin of 19.22% and a return on equity of 6.95%.

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in BayCom by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 209,461 shares of the company’s stock worth $3,178,000 after acquiring an additional 1,056 shares during the period. Victory Capital Management Inc. acquired a new position in BayCom during the 1st quarter worth about $2,691,000. BNP Paribas Arbitrage SA lifted its position in BayCom by 43.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,088 shares of the company’s stock worth $74,000 after buying an additional 1,237 shares in the last quarter. BlackRock Inc. raised its holdings in BayCom by 7.6% during the 1st quarter. BlackRock Inc. now owns 695,204 shares of the company’s stock worth $12,527,000 after purchasing an additional 48,886 shares during the last quarter. Finally, BHZ Capital Management LP raised its holdings in BayCom by 19.5% during the 1st quarter. BHZ Capital Management LP now owns 132,123 shares of the company’s stock worth $2,381,000 after purchasing an additional 21,601 shares during the last quarter. Institutional investors and hedge funds own 52.86% of the company’s stock.

About BayCom

BayCom Corp. is a bank holding company of Bay Commercial Bank, which engages in the provision of financial services to businesses and business owners, as well as individuals. It focuses on passive investment activities and oversight of its investment to its bank subsidiary. The company was founded in July 2004 and is headquartered in Walnut Creek, CA.

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Earnings History and Estimates for BayCom (NASDAQ:BCML)

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