Analysts Anticipate Bay Commercial Bank (BCML) Will Post Quarterly Sales of $15.90 Million

Equities analysts predict that Bay Commercial Bank (NYSE:BCML) will post $15.90 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Bay Commercial Bank’s earnings, with estimates ranging from $15.40 million to $16.40 million. Bay Commercial Bank posted sales of $13.24 million during the same quarter last year, which suggests a positive year-over-year growth rate of 20.1%. The firm is scheduled to announce its next earnings results on Monday, February 25th.

On average, analysts expect that Bay Commercial Bank will report full-year sales of $58.90 million for the current year, with estimates ranging from $58.20 million to $59.60 million. For the next year, analysts forecast that the firm will report sales of $69.55 million, with estimates ranging from $69.10 million to $70.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Bay Commercial Bank.

BCML traded up $1.43 during midday trading on Wednesday, reaching $25.42. 29,515 shares of the company’s stock were exchanged, compared to its average volume of 43,181. Bay Commercial Bank has a 1-year low of $19.00 and a 1-year high of $26.94.

Bay Commercial Bank Company Profile

BayCom Corp. operates as a bank holding company of Bay Commercial Bank. It offers loans, credit, deposit products and services, business cash management, business and personal services, 1031 Exchange, and escrow services through its bank subsidiary. The company was founded on November 9, 2016 and is headquartered in Walnut Creek, CA.

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