BayCom (OTCMKTS:BCML) – Stock analysts at FIG Partners boosted their FY2018 EPS estimates for shares of BayCom in a note issued to investors on Tuesday, August 14th. FIG Partners analyst T. Coffey now anticipates that the bank will post earnings per share of $1.86 for the year, up from their prior estimate of $1.82. FIG Partners also issued estimates for BayCom’s Q4 2018 earnings at $0.44 EPS and Q4 2019 earnings at $0.50 EPS.
BayCom (OTCMKTS:BCML) last announced its earnings results on Monday, July 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The business had revenue of $14.68 million for the quarter, compared to analyst estimates of $14.50 million.
Shares of OTCMKTS:BCML opened at $26.60 on Thursday. BayCom has a 1 year low of $16.90 and a 1 year high of $26.94.
Several hedge funds have recently made changes to their positions in the company. EJF Capital LLC acquired a new position in shares of BayCom in the second quarter valued at about $18,619,000. BlackRock Inc. acquired a new position in shares of BayCom in the second quarter valued at about $12,616,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of BayCom in the second quarter valued at about $6,101,000. Elizabeth Park Capital Advisors Ltd. acquired a new position in shares of BayCom in the second quarter valued at about $4,987,000. Finally, FMR LLC acquired a new position in shares of BayCom in the second quarter valued at about $3,279,000. 3.16% of the stock is currently owned by institutional investors and hedge funds.
BayCom Company Profile
BayCom Corp., through its subsidiary, United Business Bank, provides commercial banking products and services to businesses and individuals. The company offers personal and business savings and checking accounts, money market accounts, and certificates of deposit, as well as individual retirement and health savings accounts; business loans, including term loans, equipment financing, commercial real estate loans, construction loans, small business loans, and business and industry loans; and business credit products, such as business lines of credit, asset-based lines of credit, letters of credit, and business credit cards.
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