What is DA Davidson’s Estimate for BayCom FY2025 Earnings?

BayCom Corp (NASDAQ:BCML) – Investment analysts at DA Davidson cut their FY2025 earnings per share estimates for shares of BayCom in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $2.24 per share for the year, down from their prior estimate of $2.25. The consensus estimate for BayCom’s current full-year earnings is $2.06 per share.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, October 17th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. BayCom had a return on equity of 7.56% and a net margin of 17.22%. The company had revenue of $25.61 million for the quarter, compared to analyst estimates of $23.70 million.

Separately, Hovde Group upped their price objective on shares of BayCom from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, October 18th.

BayCom Stock Down 2.4 %

Shares of NASDAQ:BCML opened at $26.82 on Friday. The company has a 50 day moving average of $26.96 and a two-hundred day moving average of $23.66. BayCom has a 52-week low of $18.54 and a 52-week high of $30.13. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $298.27 million, a price-to-earnings ratio of 12.77 and a beta of 0.79.

Hedge Funds Weigh In On BayCom

Several institutional investors and hedge funds have recently made changes to their positions in the business. Panagora Asset Management Inc. acquired a new position in BayCom during the 2nd quarter worth $211,000. Captrust Financial Advisors lifted its stake in BayCom by 4.4% during the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after purchasing an additional 978 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of BayCom by 20.1% during the third quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock worth $554,000 after purchasing an additional 3,900 shares during the period. Barclays PLC boosted its holdings in shares of BayCom by 61.3% in the 3rd quarter. Barclays PLC now owns 27,486 shares of the company’s stock valued at $651,000 after buying an additional 10,442 shares during the period. Finally, Empowered Funds LLC raised its stake in BayCom by 5.2% during the third quarter. Empowered Funds LLC now owns 32,795 shares of the company’s stock worth $778,000 after acquiring an additional 1,608 shares during the period. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

BayCom Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from BayCom’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 2.24%. BayCom’s payout ratio 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.