BayCom (BCML) AI Stock Analysis

• Market Cap: $286.87M
• Dividend Yield: 1.91%
• Average Volume (3M): 28.86K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.79
• Revenue Growth: 2.11%
• EPS Growth: -5.15%
• Country: US
• Employees: 320
• Sector: Financial
• Sector Strength: 87
• Industry: Banks - Regional
• EPS (TTM): 2.10
• Shares Outstanding: 11,029,265
• 10 Day Avg. Volume: 32,849
• 30 Day Avg. Volume: 28,863
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.21
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 3.57
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $30.50
• Price Target Upside: 17.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

BayCom's stock score reflects its stable financial performance, with strong profitability and a solid balance sheet, although revenue and cash flow challenges in 2024 are concerns. Technical indicators show positive short-term momentum. The valuation appears fair, with a moderate P/E ratio and modest dividend yield.

BayCom Business Overview & Revenue Model

Company Description

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection. In addition, the company offers online and mobile banking, automated teller machine, remote deposit capture, night depository, courier, direct deposit, treasury management, wire transfer, automated clearing house services, debit cards, cashier's and travelers checks, letters of credit, lockbox, positive pay, reverse positive pay, and account reconciliation services, as well as zero balance accounts and sweep accounts, including loan sweep. As of December 31, 2021, it operated through a network of 33 full-service banking branches in Northern and Southern California; Denver, Colorado; Custer, Delta, and Grand counties, Colorado; and Seattle, Washington and Central New Mexico. The company was formerly known as Bay Commercial Bank and changed its name to BayCom Corp in January 2017. BayCom Corp was incorporated in 2004 and is headquartered in Walnut Creek, California.

How the Company Makes Money

BayCom Corp generates revenue primarily through interest income earned on loans and leases, as well as income from investment securities. The company also makes money from non-interest income, which includes fees and service charges associated with deposit accounts, loan servicing fees, and other financial services. Key revenue streams include commercial real estate loans, commercial and industrial loans, and deposits. The company benefits from its strategic focus on community banking and personalized customer service, which helps attract and retain business customers and individual account holders. Significant partnerships with local businesses and community organizations also contribute to its earnings, allowing BayCom to expand its market reach and customer base.

BayCom Financial Statement Overview

Summary

Overall, BayCom's financial performance has been stable, with strong profitability and a robust balance sheet, despite challenges in maintaining revenue and cash flow in 2024. The company shows financial strength, but the lack of revenue and cash flow poses risks that need addressing for future stability and growth.

Income Statement

BayCom has shown a stable revenue trend, with a slight decrease in total revenue from 2022 to 2023, and zero revenue reported in 2024. The net profit margin improved from 2022 to 2023 but this trend is not sustainable due to zero reported revenue in 2024. EBIT and EBITDA margins were strong in 2023, indicating operational efficiency before the revenue drop.

Balance Sheet

The company maintains a solid balance sheet with no total debt in 2024, reducing financial risk. Stockholders' equity increased over time, and the equity ratio is favorable, reflecting solid financial health. However, the absence of debt might limit leverage opportunities for growth.

Cash Flow

BayCom has exhibited fluctuating free cash flow, with significant growth from 2020 to 2023 but zero free cash flow in 2024. The operating cash flow to net income ratio was positive in previous years, suggesting efficient cash generation relative to profit, though operating cash flow was zero in 2024.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
97.14M	102.84M	105.31M	84.06M	87.03M
	Gross Profit
97.14M	102.84M	105.31M	84.06M	87.03M
	EBIT
-75.96M	38.16M	43.34M	28.48M	18.23M
	EBITDA
0.00	41.12M	36.46M	34.27M	21.89M
	Net Income Common Stockholders
23.61M	27.43M	23.73M	20.69M	13.73M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
216.47M	141.24M	196.98M	199.20M	152.99M
	Total Assets
2.66B	2.55B	2.51B	2.35B	2.20B
	Total Debt
86.76M	87.20M	89.33M	84.60M	89.02M
	Net Debt
63.38M	68.05M	60.11M	59.84M	51.62M
	Total Liabilities
2.34B	2.24B	2.20B	2.09B	1.94B
	Stockholders Equity
324.37M	312.87M	317.15M	262.61M	252.59M
Cash Flow		Free Cash Flow
28.66M	28.68M	38.77M	9.12M	6.78M
	Operating Cash Flow
30.36M	30.80M	39.61M	10.43M	10.00M
	Investing Cash Flow
-62.19M	80.40M	53.94M	-60.36M	-73.66M
	Financing Cash Flow
88.32M	19.52M	-296.42M	130.29M	67.61M

BayCom Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.01
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCML, the sentiment is Positive. The current price of 26.01 is above the 20-day moving average (MA) of 25.51, above the 50-day MA of 25.80, and above the 200-day MA of 25.21, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 52.40 is Neutral, neither overbought nor oversold. The STOCH value of 38.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BCML.

BayCom Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FSBW	76 Outperform	$300.00M	8.89	11.87%	2.75%	7.52%	-4.22%
CIVB	75 Outperform	$348.44M	9.92	9.07%	2.88%	9.51%	-2.12%
BCML	71 Outperform	$286.87M	12.39	7.28%	1.91%	2.11%	-5.15%
CZNC	71 Outperform	$298.03M	11.05	23.39%	5.88%	1.16%	15.00%
PBFS	70 Outperform	$290.07M	15.50	6.20%	―	27.04%	6.52%
Sector *	63 Neutral	$12.46B	9.55	8.14%	17103.96%	12.70%	-4.66%
RBB	50 Neutral	$276.37M	13.43	4.09%	4.01%	-1.75%	-34.45%