BayCom (BCML) Set to Announce Earnings on Thursday

BayCom (NASDAQ:BCML) is scheduled to be announcing its earnings results on Thursday, April 18th.

BayCom (NASDAQ:BCML) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). BayCom had a return on equity of 8.80% and a net margin of 20.33%. The business had revenue of $26.20 million during the quarter, compared to analysts’ expectations of $25.90 million. On average, analysts expect BayCom to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BayCom Trading Down 1.1 %

NASDAQ:BCML traded down $0.22 on Wednesday, reaching $19.97. The company’s stock had a trading volume of 9,792 shares, compared to its average volume of 22,438. The firm has a market cap of $229.06 million, a price-to-earnings ratio of 8.88 and a beta of 0.76. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. BayCom has a 12-month low of $15.02 and a 12-month high of $24.31. The stock has a 50 day moving average price of $20.02 and a 200 day moving average price of $20.79.

BayCom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Saturday, March 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 annualized dividend and a yield of 2.00%. BayCom’s dividend payout ratio (DPR) is currently 17.78%.

Institutional Investors Weigh In On BayCom

A number of institutional investors and hedge funds have recently made changes to their positions in BCML. Wellington Management Group LLP increased its holdings in BayCom by 198.2% in the 1st quarter. Wellington Management Group LLP now owns 806,849 shares of the company’s stock valued at $17,565,000 after purchasing an additional 536,259 shares during the last quarter. BlackRock Inc. raised its holdings in shares of BayCom by 39.5% in the 2nd quarter. BlackRock Inc. now owns 952,276 shares of the company’s stock valued at $15,884,000 after buying an additional 269,741 shares during the period. Vanguard Group Inc. lifted its stake in BayCom by 46.8% during the 1st quarter. Vanguard Group Inc. now owns 645,488 shares of the company’s stock worth $14,052,000 after acquiring an additional 205,700 shares in the last quarter. State Street Corp boosted its holdings in BayCom by 221.5% during the 2nd quarter. State Street Corp now owns 148,432 shares of the company’s stock valued at $3,072,000 after acquiring an additional 102,269 shares during the period. Finally, Northern Trust Corp grew its position in BayCom by 367.6% in the 2nd quarter. Northern Trust Corp now owns 106,867 shares of the company’s stock valued at $2,210,000 after acquiring an additional 84,011 shares in the last quarter. 66.16% of the stock is owned by hedge funds and other 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.