BayCom Corp reports results for the quarter ended in June - Earnings Summary

Baycom

24/07/2024 13:00

* BayCom Corp  BCML.OQ  reported quarterly adjusted earnings
of 50
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 59
cents.  The mean expectation of three analysts for the quarter
was for earnings of 48 cents per share. Wall Street expected
results to range from 47 cents to 49 cents per share.
    * Revenue fell 8.2% to $22.30 million from a year ago;
analysts
expected $22.93 million. 
    * BayCom Corp's reported EPS for the quarter was 50 cents​.
    * The company reported quarterly net income of $5.6 million.
    * BayCom Corp shares had risen by 17.1% this quarter and
gained 1.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for BayCom Corp is
$25.00 
This summary was machine generated from LSEG data July 24 at
12:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.48           0.50           Beat
 Mar. 31 2024      0.56           0.51           Missed
 Dec. 31 2023      0.57           0.55           Missed
 Sep. 30 2023      0.53           0.56           Beat