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

Baycom

19/04/2024 06:53

* BayCom Corp  BCML.OQ  reported quarterly adjusted earnings
of 51
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 55
cents.  The mean expectation of two analysts for the quarter was
for earnings of 56 cents per share. Wall Street expected
results to range from 54 cents to 57 cents per share.
    * Revenue fell 11.3% to $22.41 million from a year ago;
analysts
expected $23.30 million. 
    * BayCom Corp's reported EPS for the quarter was 51 cents​.
    * The company reported quarterly net income of $5.88
million.
    * BayCom Corp shares had fallen by 3.4% this quarter and
lost 15.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "buy."

Wall Street's median 12-month price target for BayCom Corp is
$25.50 
This summary was machine generated from LSEG data April 19 at
05:52 a.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
 Mar. 31 2024      0.56           0.51           Missed
 Dec. 31 2023      0.57           0.55           Missed
 Sep. 30 2023      0.53           0.56           Beat
 Jun. 30 2023      0.53           0.59           Beat