Stock analysts release forecast for BayCom Corp’s earnings for fiscal 2022 (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML – Get Rating) – Research analysts DA Davidson raised their fiscal 2022 EPS estimates for BayCom shares in a note to investors Thursday, June 30. DA Davidson analyst G. Tenner now expects the company to earn $2.47 per share for the year, up from his previous forecast of $2.25. The consensus estimate of BayCom’s current annual earnings is $2.23 per share. DA Davidson also released fiscal 2023 earnings estimates for BayCom at $2.67 EPS.

BayCom (NASDAQ:BCML – Get Rating) last announced its quarterly results on Thursday, April 21. The company reported earnings per share of $0.51 for the quarter, beating the consensus estimate of $0.36 by $0.15. The company posted revenue of $26.75 million in the quarter, compared to $24.30 million expected by analysts. BayCom had a net margin of 22.74% and a return on equity of 8.26%.

Separately, Hovde Group raised its price target on BayCom shares to $28.00 in a Thursday, May 26 research report.

NASDAQ: BCML opened at $20.98 on Friday. The company has a 50-day moving average price of $22.07 and a 200-day moving average price of $21.44. BayCom has a 12-month low of $16.47 and a 12-month high of $23.53. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt ratio of 0.22. The stock has a market capitalization of $287.11 million, a price-earnings ratio of 10.39 and a beta of 0.73.

Major investors have recently been buying and selling shares of the company. Bank of America Corp DE increased its stake in BayCom shares to 715.5% in Q1. Bank of America Corp DE now owns 1,794 shares of the company worth $39,000 after acquiring 1,574 additional shares in the last quarter. Baird Financial Group Inc. acquired a new stake in BayCom during Q1 valued at approximately $261,000. Western Wealth Management LLC purchased a new stake in BayCom during Q1 valued at approximately $318,000. Citigroup Inc. purchased a new stake in BayCom during Q1 valued at approximately $328,000. Finally, JPMorgan Chase & Co. increased its stake in BayCom by 375.5% in the 1st quarter. JPMorgan Chase & Co. now owns 18,416 shares of the company valued at $401,000 after buying an additional 14,543 shares last quarter. 47.13% of the shares are held by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Friday, June 17 will receive a dividend of $0.05. The ex-date of this dividend is Thursday, June 16. This represents an annualized dividend of $0.20 and a dividend yield of 0.95%. BayCom’s dividend payout ratio is 9.90%.

About BayCom (Get an evaluation)

BayCom Corp operates as a bank holding company for United Business Bank which provides various financial services to small and medium businesses, service professionals and individuals. The company offers current, savings, money market and term accounts. It also offers commercial and multi-family real estate loans, including home loans for homeowners and investors; 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 including installment loans, secured and unsecured personal lines of credit and overdraft protection.

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