BayCom (BCML) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research cut shares of BayCom (OTCMKTS:BCML) from a hold rating to a strong sell rating in a research report released on Monday morning.

According to Zacks, “BayCom Corp provides commercial banking products and services to businesses and individuals. The company offers deposit products, loans, online banking, cash management and banking services. BayCom Corp, formerly known as Bay Commercial Bank, is based in Walnut Creek, California. “

Shares of BayCom stock opened at $24.50 on Monday. BayCom has a 1 year low of $16.90 and a 1 year high of $24.00.

BayCom (OTCMKTS:BCML) last issued its quarterly earnings data on Wednesday, April 11th. The bank reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $14.14 million for the quarter, compared to analyst estimates of $13.50 million. sell-side analysts anticipate that BayCom will post 1.92 earnings per share for the current fiscal year.

In related news, Director Harpreet S. Chaudhary acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was purchased at an average cost of $23.02 per share, for a total transaction of $230,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

An institutional investor recently bought a new position in BayCom stock. Foundry Partners LLC bought a new position in BayCom (OTCMKTS:BCML) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 61,826 shares of the bank’s stock, valued at approximately $1,390,000. Foundry Partners LLC owned 0.82% of BayCom as of its most recent filing with the Securities and Exchange Commission. 3.16% of the stock is owned by institutional investors.

BayCom Company Profile

BayCom Corp., through its subsidiary, United Business Bank, provides commercial banking products and services to businesses and individuals. The company offers personal and business savings and checking accounts, money market accounts, and certificates of deposit, as well as individual retirement and health savings accounts; business loans, including term loans, equipment financing, commercial real estate loans, construction loans, small business loans, and business and industry loans; and business credit products, such as business lines of credit, asset-based lines of credit, letters of credit, and business credit cards.

Get a free copy of the Zacks research report on BayCom (BCML)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BayCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BayCom and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply