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

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

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

Separately, Hovde Group increased 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 Stock Performance

Shares of NASDAQ:BCML opened at $26.82 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom has a 1-year low of $18.54 and a 1-year high of $30.13. The stock has a market capitalization of $298.27 million, a P/E ratio of 12.77 and a beta of 0.79. The business has a 50-day moving average price of $26.90 and a two-hundred day moving average price of $23.61.

BayCom Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 12th will be issued a $0.15 dividend. This is a positive change from BayCom’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. BayCom’s payout ratio is 28.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in BayCom by 0.5% during the 3rd quarter. State Street Corp now owns 163,965 shares of the company’s stock worth $3,906,000 after purchasing an additional 880 shares in the last quarter. Captrust Financial Advisors increased its holdings in BayCom by 4.4% during the 3rd quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after purchasing an additional 978 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of BayCom by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 45,509 shares of the company’s stock valued at $926,000 after purchasing an additional 1,380 shares during the period. Empowered Funds LLC boosted its position in shares of 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 buying an additional 1,608 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of BayCom by 3.2% during the second quarter. Renaissance Technologies LLC now owns 80,500 shares of the company’s stock worth $1,638,000 after buying an additional 2,500 shares in the last quarter. 66.16% 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 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.