B. Riley Begins Coverage on BayCom (BCML)

Stock analysts at B. Riley assumed coverage on shares of BayCom (NASDAQ:BCML) in a report released on Friday, The Fly reports. The firm set a “buy” rating and a $28.00 price target on the stock. B. Riley’s price target suggests a potential upside of 25.00% from the company’s current price.

Several other equities analysts also recently issued reports on BCML. Hovde Group initiated coverage on shares of BayCom in a report on Monday, February 4th. They set an “outperform” rating and a $24.50 price target for the company. Zacks Investment Research downgraded shares of BayCom from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 12th. ValuEngine raised shares of BayCom from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, TheStreet raised shares of BayCom from a “c+” rating to a “b” rating in a report on Monday, January 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $26.63.

BCML stock opened at $22.40 on Friday. BayCom has a 1-year low of $17.19 and a 1-year high of $26.94. The firm has a market cap of $235.34 million, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 1.02 and a beta of 0.36.

BayCom (NASDAQ:BCML) last released its earnings results on Tuesday, January 29th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $15.52 million for the quarter, compared to the consensus estimate of $15.90 million. On average, equities research analysts forecast that BayCom will post 2.23 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of BayCom by 25.4% during the fourth quarter. Bank of Montreal Can now owns 7,940 shares of the company’s stock valued at $183,000 after acquiring an additional 1,607 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of BayCom by 11.6% during the fourth quarter. D.A. Davidson & CO. now owns 19,148 shares of the company’s stock valued at $442,000 after acquiring an additional 1,991 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in BayCom by 356.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,771 shares of the company’s stock worth $87,000 after purchasing an additional 2,945 shares during the period. Acadian Asset Management LLC lifted its holdings in BayCom by 6.8% in the fourth quarter. Acadian Asset Management LLC now owns 65,441 shares of the company’s stock worth $1,511,000 after purchasing an additional 4,156 shares during the period. Finally, Rhumbline Advisers lifted its holdings in BayCom by 47.0% in the fourth quarter. Rhumbline Advisers now owns 14,209 shares of the company’s stock worth $328,000 after purchasing an additional 4,542 shares during the period. 66.97% of the stock is owned by institutional investors.

BayCom Company Profile

BayCom Corp., through its subsidiary, United Business Bank, provides commercial banking products and services to businesses and individuals. The company offers personal and business savings and checking accounts, money market accounts, and certificates of deposit, as well as individual retirement and health savings accounts; business loans, including term loans, equipment financing, commercial real estate loans, construction loans, small business loans, and business and industry loans; and business credit products, such as business lines of credit, asset-based lines of credit, letters of credit, and business credit cards.

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