Wall Street brokerages predict that BayCom Corp (NASDAQ:BCML) will report $21.24 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for BayCom’s earnings. The lowest sales estimate is $20.71 million and the highest is $22.00 million. BayCom posted sales of $14.65 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 45%. The business is scheduled to report its next earnings report on Wednesday, October 23rd.
According to Zacks, analysts expect that BayCom will report full year sales of $79.32 million for the current fiscal year, with estimates ranging from $78.55 million to $79.90 million. For the next fiscal year, analysts anticipate that the business will report sales of $95.17 million, with estimates ranging from $93.14 million to $97.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow BayCom.
BayCom (NASDAQ:BCML) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.06). The firm had revenue of $18.56 million for the quarter, compared to the consensus estimate of $19.48 million.
Several equities research analysts have recently weighed in on BCML shares. Zacks Investment Research upgraded shares of BayCom from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley set a $28.00 price objective on shares of BayCom and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, ValuEngine upgraded shares of BayCom from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $26.17.
Shares of BCML traded down $0.80 during trading hours on Tuesday, hitting $23.03. 84,285 shares of the stock were exchanged, compared to its average volume of 27,739. BayCom has a fifty-two week low of $17.19 and a fifty-two week high of $26.75. The business has a 50-day moving average of $22.15 and a 200-day moving average of $22.54. The firm has a market capitalization of $287.21 million, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.18 and a beta of 0.37.
Several institutional investors and hedge funds have recently bought and sold shares of BCML. Russell Investments Group Ltd. boosted its stake in BayCom by 3.4% during the second quarter. Russell Investments Group Ltd. now owns 21,284 shares of the company’s stock worth $466,000 after acquiring an additional 692 shares in the last quarter. Bank of Montreal Can boosted its stake in BayCom by 66.4% during the second quarter. Bank of Montreal Can now owns 2,319 shares of the company’s stock worth $51,000 after acquiring an additional 925 shares in the last quarter. Acadian Asset Management LLC boosted its stake in BayCom by 1.4% during the second quarter. Acadian Asset Management LLC now owns 68,318 shares of the company’s stock worth $1,497,000 after acquiring an additional 954 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in BayCom by 4.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 24,057 shares of the company’s stock worth $527,000 after acquiring an additional 1,113 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in BayCom by 513.3% during the first 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. Institutional investors own 58.28% of the company’s stock.
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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