BayCom Corp BCML.OQ reported quarterly adjusted earnings of 58 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of three analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 54 cents to 56 cents per share.
Revenue rose 3.9% to $23.16 million from a year ago; analysts expected $23.53 million.
BayCom Corp's reported EPS for the quarter was 58 cents.
The company reported quarterly net income of $6.36 million.
BayCom Corp shares had fallen by 1.0% this quarter and gained 2.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.6% 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "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 $30.00, about 8.6% above its last closing price of $27.43
This summary was machine generated from LSEG data July 17 at 09:14 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)