BayCom (BCML) Scheduled to Post Quarterly Earnings on Thursday

BayCom (NASDAQ:BCML) is scheduled to issue its quarterly earnings data on Thursday, April 18th.

BayCom (NASDAQ:BCML) last announced its earnings results on Thursday, January 25th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). BayCom had a return on equity of 8.80% and a net margin of 20.33%. The firm had revenue of $26.20 million for the quarter, compared to analyst estimates 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 2.1 %

NASDAQ BCML traded down $0.42 during mid-day trading on Wednesday, reaching $19.77. 24,624 shares of the stock were exchanged, compared to its average volume of 22,642. BayCom has a 1-year low of $15.02 and a 1-year high of $24.31. The business’s fifty day simple moving average is $20.02 and its 200 day simple moving average is $20.79. The stock has a market capitalization of $226.76 million, a PE ratio of 8.88 and a beta of 0.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05.

BayCom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Saturday, March 16th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.02%. BayCom’s dividend payout ratio (DPR) is presently 17.78%.

Hedge Funds Weigh In On BayCom

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of BayCom by 715.5% in the 1st quarter. Bank of America Corp DE now owns 1,794 shares of the company’s stock valued at $39,000 after purchasing an additional 1,574 shares during the last quarter. UBS Group AG lifted its holdings in shares of BayCom by 499.6% during the 4th quarter. UBS Group AG now owns 3,286 shares of the company’s stock valued at $62,000 after acquiring an additional 2,738 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of BayCom by 181,650.0% during the 2nd quarter. Citigroup Inc. now owns 3,635 shares of the company’s stock valued at $61,000 after acquiring an additional 3,633 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of BayCom by 108.1% during the 2nd quarter. Wells Fargo & Company MN now owns 4,511 shares of the company’s stock valued at $75,000 after acquiring an additional 2,343 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of BayCom by 7,279.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,977 shares of the company’s stock valued at $124,000 after acquiring an additional 5,896 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

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.