$23.02 Million in Sales Expected for BayCom Corp (NASDAQ:BCML) This Quarter

Brokerages forecast that BayCom Corp (NASDAQ:BCML) will post sales of $23.02 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for BayCom’s earnings, with estimates ranging from $23.00 million to $23.04 million. BayCom posted sales of $16.99 million during the same quarter last year, which suggests a positive year over year growth rate of 35.5%. The business is scheduled to issue its next earnings report on Monday, May 4th.

According to Zacks, analysts expect that BayCom will report full year sales of $95.20 million for the current year, with estimates ranging from $94.40 million to $95.99 million. For the next year, analysts expect that the company will post sales of $98.39 million, with estimates ranging from $98.30 million to $98.47 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow BayCom.

BayCom (NASDAQ:BCML) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business had revenue of $21.97 million for the quarter, compared to the consensus estimate of $21.77 million.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of BayCom from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. BidaskClub downgraded shares of BayCom from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 20th. Finally, ValuEngine upgraded shares of BayCom from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised its position in shares of BayCom by 31.0% in the fourth quarter. Citigroup Inc. now owns 2,182 shares of the company’s stock valued at $50,000 after purchasing an additional 516 shares during the period. California Public Employees Retirement System bought a new stake in BayCom during the 4th quarter worth approximately $225,000. Jacobs Levy Equity Management Inc. bought a new stake in BayCom during the 4th quarter worth approximately $229,000. Barclays PLC increased its holdings in BayCom by 102.9% during the 4th quarter. Barclays PLC now owns 10,874 shares of the company’s stock worth $247,000 after acquiring an additional 5,514 shares during the period. Finally, UBS Group AG increased its holdings in BayCom by 49.2% during the 4th quarter. UBS Group AG now owns 14,255 shares of the company’s stock worth $324,000 after acquiring an additional 4,702 shares during the period. 60.03% of the stock is currently owned by institutional investors.

Shares of BCML stock traded up $0.29 during trading hours on Friday, hitting $22.38. 39,300 shares of the company’s stock traded hands, compared to its average volume of 50,545. BayCom has a 12 month low of $19.74 and a 12 month high of $24.89. The stock’s 50 day simple moving average is $22.60 and its 200 day simple moving average is $22.27. The stock has a market cap of $287.21 million, a PE ratio of 15.12 and a beta of 0.36.

BayCom Company Profile

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.

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Earnings History and Estimates for BayCom (NASDAQ:BCML)

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