BayCom (BCML) Set to Announce Quarterly Earnings on Thursday

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

BayCom (NASDAQ:BCML) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.55 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 company 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 Price Performance

Shares of BCML traded down $0.22 during mid-day trading on Wednesday, hitting $19.97. 9,792 shares of the company traded hands, compared to its average volume of 22,438. The stock has a market capitalization of $229.06 million, a price-to-earnings ratio of 8.88 and a beta of 0.76. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $20.02 and a 200 day moving average of $20.79. BayCom has a one year low of $15.02 and a one year high of $24.31.

BayCom Announces Dividend

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

Hedge Funds Weigh In On BayCom

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of BayCom by 14.1% in the 4th quarter. Royal Bank of Canada now owns 9,591 shares of the company’s stock worth $226,000 after purchasing an additional 1,188 shares during the last quarter. Barclays PLC grew its stake in BayCom by 31.1% in the fourth quarter. Barclays PLC now owns 11,139 shares of the company’s stock valued at $211,000 after acquiring an additional 2,640 shares during the period. BNP Paribas Arbitrage SNC increased its stake in BayCom by 72.1% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 11,832 shares of the company’s stock worth $202,000 after purchasing an additional 4,957 shares in the last quarter. First Trust Advisors LP acquired a new stake in BayCom during the 4th quarter worth approximately $201,000. Finally, Deutsche Bank AG lifted its stake in BayCom by 43.3% in the first quarter. Deutsche Bank AG now owns 7,601 shares of the company’s stock valued at $130,000 after buying an additional 2,295 shares in the last quarter. 66.16% of the stock is owned by 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.