In a report released today, Gary Tenner from D.A. Davidson maintained a Buy rating on BayCom (BCML – Research Report), with a price target of $25.00. The company’s shares closed last Friday at $20.02.
Tenner covers the Financial sector, focusing on stocks such as Western Alliance, Banc of California, and Hancock Whitney. According to TipRanks, Tenner has an average return of 9.8% and a 56.08% success rate on recommended stocks.
Currently, the analyst consensus on BayCom is a Moderate Buy with an average price target of $26.00.
Based on BayCom’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $25.31 million and a net profit of $6.54 million. In comparison, last year the company earned a revenue of $25.61 million and had a net profit of $6.37 million
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BayCom (BCML) Company Description:
BayCom Corp. is a bank holding company of Bay Commercial Bank, which engages in the provision of financial services to businesses and business owners as well as individuals. It focuses on passive investment activities and oversight of its investment to its bank subsidiary. The company was founded on November 9, 2016 and is headquartered in Walnut Creek, CA.
