DA Davidson has increased its price target for BayCom (BCML, Financial) from $30 to $32, maintaining a Buy rating for the stock. The company recently reported earnings per share that exceeded expectations. Analysts project consistent loan growth through the latter half of the year, accompanied by a favorable net interest margin. This positive outlook is supported by the anticipated redemption of subordinated debt towards the end of the third quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for BayCom Corp (BCML, Financial) is $30.33 with a high estimate of $31.00 and a low estimate of $30.00. The average target implies an upside of 11.15% from the current price of $27.29. More detailed estimate data can be found on the BayCom Corp (BCML) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, BayCom Corp's (BCML, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BayCom Corp (BCML, Financial) in one year is $22.33, suggesting a downside of 18.18% from the current price of $27.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the BayCom Corp (BCML) Summary page.
