BayCom Corp (NASDAQ:BCML) – Investment analysts at DA Davidson dropped their FY2020 earnings per share estimates for BayCom in a report released on Tuesday, July 30th. DA Davidson analyst G. Tenner now expects that the company will post earnings of $2.45 per share for the year, down from their previous forecast of $2.47.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded BayCom from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 24th. ValuEngine upgraded BayCom from a “sell” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. BayCom currently has an average rating of “Buy” and an average price target of $25.50.
BayCom (NASDAQ:BCML) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $16.99 million for the quarter, compared to analysts’ expectations of $16.56 million.
A number of hedge funds have recently made changes to their positions in BCML. First Trust Advisors LP acquired a new stake in BayCom during the 4th quarter worth $264,000. BlackRock Inc. boosted its stake in BayCom by 2.2% during the 4th quarter. BlackRock Inc. now owns 528,282 shares of the company’s stock worth $12,198,000 after purchasing an additional 11,385 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in BayCom by 26.4% during the 4th quarter. Bank of New York Mellon Corp now owns 45,159 shares of the company’s stock worth $1,043,000 after purchasing an additional 9,433 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BayCom by 101.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 95,249 shares of the company’s stock worth $2,199,000 after purchasing an additional 48,015 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in BayCom by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 65,722 shares of the company’s stock worth $1,517,000 after purchasing an additional 5,496 shares during the last quarter. Institutional investors own 64.31% of the company’s stock.
BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multi-family 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.
Receive News & Ratings for BayCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BayCom and related companies with MarketBeat.com's FREE daily email newsletter.