BayCom (NASDAQ:BCML) released its earnings results on Monday, April 29th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45, MarketWatch Earnings reports. The company had revenue of $16.99 million during the quarter, compared to analysts’ expectations of $16.56 million.
BCML stock traded down $0.56 during mid-day trading on Wednesday, reaching $23.23. 5,089 shares of the stock traded hands, compared to its average volume of 18,723. The stock has a market capitalization of $259.12 million, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.08 and a beta of 0.35. BayCom has a one year low of $17.19 and a one year high of $26.94.
A hedge fund recently raised its stake in BayCom stock. Geode Capital Management LLC lifted its stake in BayCom Corp (NASDAQ:BCML) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,722 shares of the company’s stock after purchasing an additional 5,496 shares during the period. Geode Capital Management LLC owned about 0.63% of BayCom worth $1,517,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 63.75% of the company’s stock.
A number of equities research analysts recently issued reports on BCML shares. B. Riley started coverage on shares of BayCom in a research note on Friday, March 15th. They set a “buy” rating and a $28.00 price target on the stock. Zacks Investment Research raised shares of BayCom from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, April 2nd. ValuEngine downgraded shares of BayCom from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. TheStreet raised shares of BayCom from a “c+” rating to a “b” rating in a research note on Monday, January 28th. Finally, Hovde Group started coverage on shares of BayCom in a research report on Monday, February 4th. They set an “outperform” rating and a $24.50 price objective on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. BayCom currently has a consensus rating of “Buy” and an average price target of $26.17.
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BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multi-family 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.
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