BayCom Corp (NASDAQ: BCML) has reported E.P.S. of $0.50 for its second fiscal quarter (ending June 30) versus $0.59 for the same period a year ago — a decline of -15%. Relative to the consensus estimate of $0.47, this was a premium of $0.03. For the latest four quarters through June 30, E.P.S. were $2.12 compared to $2.27 a year ago — a decline of -7%.
Recent Price Action
On 7/18/24, BayCom Corp (NASDAQ: BCML) stock declined by -2.5%, closing at $23.03. However, below average trading volume at 72% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 14.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BCML is expected to be a modest Value Builder.
BayCom has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. BayCom has a slightly positive Appreciation Score of 67 but a slightly negative Power Rating of 30, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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