BayCom price target raised to $32 from $30 at DA Davidson

DA Davidson raised the firm’s price target on BayCom (BCML) to $32 from $30 and keeps a Buy rating on the shares. BayCom reported upside EPS and the firm anticipates a steady pace of loan growth over the second half of the year, with a positive net interest margin, aided by an expected sub-debt redemption in late Q3, the analyst tells investors in a research note.