BayCom Corp Price & Performance (BCML)

DA Davidson has lowered its price target on BayCom Corp to $30 from $33 but maintains a Buy rating, citing the bank’s stable asset quality and cost control. The company’s modest net interest margin expansion and disciplined expense management reinforce its strong fundamentals, despite a conservative approach to share buybacks this year.12

Recent filings show major institutions like Wellington Management and JPMorgan Chase have increased their holdings in BayCom Corp, following its Q1 report. The company reported $0.51 EPS, slightly under expectations, but continues to attract institutional confidence, with over 66% of shares now held by large investors.34

BayCom Corp has launched its ninth stock repurchase program, authorizing the buyback of up to 560,000 shares. The move follows a recent dividend increase and reflects management’s focus on shareholder returns. The repurchase program will begin once the current buyback plan concludes in April 2025.54