BayCom (BCML) Set to Announce Earnings on Thursday

BayCom (NASDAQ:BCML) is set to post its quarterly earnings results on Thursday, April 18th.

BayCom (NASDAQ:BCML) last posted its earnings results on Thursday, January 25th. The company reported $0.55 EPS 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 firm had revenue of $26.20 million for the quarter, compared to the consensus estimate 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 Stock Performance

Shares of BayCom stock traded down $0.42 during mid-day trading on Wednesday, hitting $19.77. 24,624 shares of the stock were exchanged, compared to its average volume of 22,450. BayCom has a 12 month low of $15.02 and a 12 month high of $24.31. The company has a 50-day simple moving average of $20.02 and a 200 day simple moving average of $20.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $226.76 million, a P/E ratio of 8.88 and a beta of 0.76.

BayCom Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BCML. Bank of America Corp DE grew its position in shares of BayCom by 715.5% during 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 in the last quarter. Citigroup Inc. grew its position 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 purchasing an additional 3,633 shares in the last quarter. UBS Group AG grew its position 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 purchasing an additional 2,738 shares in the last quarter. Wells Fargo & Company MN grew its position 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 purchasing an additional 2,343 shares in the last quarter. Finally, American International Group Inc. purchased a new position in shares of BayCom during the 2nd quarter valued at $124,000. 66.16% of the stock is currently 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.