DA Davidson Estimates BayCom’s FY2025 Earnings (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML) – Analysts at DA Davidson lifted their FY2025 earnings estimates for shares of BayCom in a note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings per share of $2.65 for the year, up from their previous forecast of $2.24. The consensus estimate for BayCom’s current full-year earnings is $2.06 per share.

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

BayCom Price Performance

NASDAQ:BCML opened at $28.42 on Thursday. BayCom has a 52-week low of $18.54 and a 52-week high of $30.13. The company has a market cap of $316.06 million, a P/E ratio of 13.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50-day simple moving average is $27.53 and its 200 day simple moving average is $25.04.

BayCom (NASDAQ:BCML) last released its earnings results 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 net margin of 17.22% and a return on equity of 7.56%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BCML. Royce & Associates LP grew its holdings in BayCom by 11.5% during the third quarter. Royce & Associates LP now owns 543,211 shares of the company’s stock worth $12,885,000 after purchasing an additional 56,066 shares during the period. Dimensional Fund Advisors LP lifted its holdings in BayCom by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company’s stock valued at $12,088,000 after purchasing an additional 15,798 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in BayCom during the fourth quarter worth $422,000. JPMorgan Chase & Co. raised its position in shares of BayCom by 129.9% in the third quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company’s stock valued at $530,000 after purchasing an additional 12,617 shares during the period. Finally, Barclays PLC lifted its stake 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 buying an additional 10,442 shares during the last quarter. 66.16% of the stock is currently owned by institutional investors and hedge funds.

BayCom Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were paid a $0.15 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.11%. This is a boost from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio (DPR) is currently 28.57%.

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.