BayCom Corp (NASDAQ:BCML) – DA Davidson dropped their FY2020 earnings per share (EPS) estimates for BayCom in a research report issued to clients and investors on Tuesday, July 30th, Zacks Investment Research reports. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.45 for the year, down from their previous estimate of $2.47.
BCML has been the topic of a number of other research reports. Zacks Investment Research cut shares of BayCom from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine raised shares of BayCom from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $26.17.
Shares of NASDAQ BCML traded down $0.55 during midday trading on Thursday, reaching $21.22. 32,392 shares of the company were exchanged, compared to its average volume of 14,632. The stock’s 50-day moving average price is $22.48 and its 200-day moving average price is $22.58. The stock has a market cap of $262.14 million, a P/E ratio of 12.86, a PEG ratio of 1.07 and a beta of 0.37. BayCom has a one year low of $17.19 and a one year high of $26.89.
BayCom (NASDAQ:BCML) last announced its quarterly earnings data on Friday, July 26th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The company had revenue of $18.56 million for the quarter, compared to analyst estimates of $19.48 million.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in BayCom by 2.2% in the fourth quarter. BlackRock Inc. now owns 528,282 shares of the company’s stock valued at $12,198,000 after buying an additional 11,385 shares during the period. Vanguard Group Inc. lifted its holdings in BayCom by 2.8% in the second quarter. Vanguard Group Inc. now owns 458,450 shares of the company’s stock valued at $10,041,000 after buying an additional 12,577 shares during the period. Mendon Capital Advisors Corp lifted its holdings in BayCom by 10.5% in the second quarter. Mendon Capital Advisors Corp now owns 198,391 shares of the company’s stock valued at $4,345,000 after buying an additional 18,824 shares during the period. FMR LLC lifted its holdings in BayCom by 15.3% in the fourth quarter. FMR LLC now owns 147,182 shares of the company’s stock valued at $3,398,000 after buying an additional 19,500 shares during the period. Finally, Royce & Associates LP lifted its holdings in BayCom by 40.2% in the first quarter. Royce & Associates LP now owns 121,982 shares of the company’s stock valued at $2,762,000 after buying an additional 35,000 shares during the period. 57.22% of the stock is currently owned by hedge funds and other institutional investors.
About BayCom
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.