DA Davidson Forecasts BayCom’s Q1 Earnings (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of BayCom in a report released on Tuesday, January 28th. DA Davidson analyst G. Tenner anticipates that the company will post earnings per share of $0.51 for the quarter. The consensus estimate for BayCom’s current full-year earnings is $2.06 per share.

Separately, Hovde Group increased their price target on BayCom from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th.

BayCom Price Performance

Shares of NASDAQ:BCML opened at $28.22 on Wednesday. The company has a market capitalization of $313.81 million, a P/E ratio of 13.44 and a beta of 0.80. BayCom has a 1-year low of $18.54 and a 1-year high of $30.13. The firm’s 50 day simple moving average is $27.51 and its two-hundred day simple moving average is $25.02. 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 (NASDAQ:BCML) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. BayCom had a return on equity of 7.56% and a net margin of 17.22%.

BayCom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.13%. This is a boost from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio (DPR) is presently 28.57%.

Hedge Funds Weigh In On BayCom

A number of hedge funds and other institutional investors have recently modified their holdings of BCML. Empowered Funds LLC lifted its stake in BayCom by 4.9% in the 4th quarter. Empowered Funds LLC now owns 34,399 shares of the company’s stock worth $923,000 after purchasing an additional 1,604 shares in the last quarter. SG Americas Securities LLC bought a new position in BayCom during the fourth quarter valued at approximately $120,000. Assenagon Asset Management S.A. purchased a new position in BayCom during the 4th quarter valued at approximately $422,000. JPMorgan Chase & Co. increased its stake in BayCom by 129.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company’s stock worth $530,000 after acquiring an additional 12,617 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of BayCom by 61.3% during the 3rd quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after acquiring an additional 10,442 shares in the last quarter. Institutional investors own 66.16% of the company’s stock.

About BayCom

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.