BayCom Corp (NASDAQ:BCML) – Analysts at DA Davidson increased their Q1 2020 earnings estimates for shares of BayCom in a research report issued to clients and investors on Tuesday, April 30th, Zacks Investment Research reports. DA Davidson analyst G. Tenner now anticipates that the company will earn $0.55 per share for the quarter, up from their previous forecast of $0.54. DA Davidson also issued estimates for BayCom’s Q2 2020 earnings at $0.58 EPS, Q3 2020 earnings at $0.57 EPS, Q4 2020 earnings at $0.56 EPS and FY2020 earnings at $2.25 EPS.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut BayCom from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. ValuEngine raised BayCom from a “sell” rating to a “hold” rating in a research report on Saturday, March 30th. B. Riley assumed coverage on BayCom in a research report on Friday, March 15th. They set a “buy” rating and a $28.00 target price on the stock. Hovde Group assumed coverage on BayCom in a research report on Monday, February 4th. They set an “outperform” rating and a $24.50 target price on the stock. Finally, TheStreet raised BayCom from a “c+” rating to a “b” rating in a research report on Monday, January 28th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $26.17.
BayCom (NASDAQ:BCML) last released its quarterly earnings data on Monday, April 29th. The company reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $16.99 million for the quarter, compared to the consensus estimate of $16.56 million.
Several large investors have recently made changes to their positions in BCML. Mendon Capital Advisors Corp boosted its position in shares of BayCom by 461.7% during the first quarter. Mendon Capital Advisors Corp now owns 179,567 shares of the company’s stock valued at $4,065,000 after buying an additional 147,600 shares during the last quarter. Patriot Financial Partners GP LP boosted its position in BayCom by 62.2% in the fourth quarter. Patriot Financial Partners GP LP now owns 365,776 shares of the company’s stock worth $8,446,000 after purchasing an additional 140,242 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in BayCom by 24.9% in the first quarter. The Manufacturers Life Insurance Company now owns 497,686 shares of the company’s stock worth $11,268,000 after purchasing an additional 99,249 shares during the last quarter. Southside Capital LLC purchased a new position in BayCom in the fourth quarter worth $2,110,000. Finally, Essex Investment Management Co. LLC purchased a new position in BayCom in the first quarter worth $1,715,000. 63.75% of the stock is currently owned by institutional investors.
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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