NasdaqGS:BCML

Stock Analysis Report

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Executive Summary

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has BayCom's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BCML is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BCML's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-0.5%

BCML

-1.8%

US Banks

0.3%

US Market


1 Year Return

-32.2%

BCML

-6.2%

US Banks

21.1%

US Market

Return vs Industry: BCML underperformed the US Banks industry which returned -7.3% over the past year.

Return vs Market: BCML underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

BCMLIndustryMarket
7 Day-0.5%-1.8%0.3%
30 Day0.06%13.5%3.3%
90 Day27.8%38.8%14.2%
1 Year-32.2%-32.2%-2.7%-6.2%23.8%21.1%
3 Year-21.8%-21.8%1.1%-7.6%45.0%35.4%
5 Year18.5%18.5%89.7%65.6%127.7%102.3%

Long-Term Price Volatility Vs. Market

How volatile is BayCom's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is BayCom undervalued compared to its fair value and its price relative to the market?

38.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BCML ($15.4) is trading below our estimate of fair value ($24.88)

Significantly Below Fair Value: BCML is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BCML is poor value based on its PE Ratio (13.7x) compared to the US Banks industry average (12.3x).

PE vs Market: BCML is good value based on its PE Ratio (13.7x) compared to the US market (21x).


Price to Earnings Growth Ratio

PEG Ratio: BCML is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: BCML is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (1x).


Next Steps

Future Growth

How is BayCom forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

18.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCML's forecast earnings growth (18.3% per year) is above the savings rate (2%).

Earnings vs Market: BCML's earnings (18.3% per year) are forecast to grow slower than the US market (21.6% per year).

High Growth Earnings: BCML's earnings are forecast to grow, but not significantly.

Revenue vs Market: BCML's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: BCML's revenue is forecast to decline over the next 3 years (-0.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BCML's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

How has BayCom performed over the past 5 years?

26.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCML has a large one-off loss of $5.5M impacting its September 30 2020 financial results.

Growing Profit Margin: BCML's current net profit margins (17.6%) are lower than last year (22.4%).


Past Earnings Growth Analysis

Earnings Trend: BCML's earnings have grown significantly by 26.1% per year over the past 5 years.

Accelerating Growth: BCML's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BCML had negative earnings growth (-10.4%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).


Return on Equity

High ROE: BCML's Return on Equity (5.4%) is considered low.


Next Steps

Financial Health

How is BayCom's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BCML's Assets to Equity ratio (8.9x) is low.

Allowance for Bad Loans: BCML has a sufficient allowance for bad loans (209%).

Low Risk Liabilities: 95% of BCML's liabilities are made up of primarily low risk sources of funding.

Loan Level: BCML has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: BCML's Loans to Deposits ratio (88%) is appropriate.

Level of Bad Loans: BCML has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

What is BayCom current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BCML's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BCML's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BCML's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BCML's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BCML's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

George Guarini (66 yo)

4yrs

Tenure

US$1,999,940

Compensation

Mr. George J. Guarini is a founding member, Chief Executive Officer and President of United Business Bank ( Previousliy Known as Bay Commercial Bank) since 2004. Mr. Guarini has been the Chief Executive Of...


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD2.00M) is above average for companies of similar size in the US market ($USD1.01M).

Compensation vs Earnings: George's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
George Guarini
President4yrsUS$2.00m1.52%
$ 2.7m
Keary Colwell
Senior EVP4yrsUS$874.37k0.55%
$ 991.7k
Janet King
Senior EVP & COO4yrsUS$877.44k0.59%
$ 1.1m
Mary Curley
Executive VP & Director of Labor Service Division of United Business Bank3.75yrsno data0.037%
$ 67.1k
David Funkhouser
Executive VP & Chief Credit Officer of United Business Bank5.58yrsno data0.038%
$ 68.2k
Young Yun
Executive VP & Chief Marketing Officer of United Business Bank4.83yrsno datano data
Izabella Zhu
Executive VP & Chief Risk Officer of United Business Bank7.33yrsno data0.037%
$ 66.8k
Rick Pak
Executive VP & Chief Lending Officer of United Business Bank2yrsno data0.036%
$ 65.5k

4.0yrs

Average Tenure

58.5yo

Average Age

Experienced Management: BCML's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
George Guarini
President4yrsUS$2.00m1.52%
$ 2.7m
Lloyd Kendall
Independent Chairman of the Board4yrsUS$110.99k0.74%
$ 1.3m
Robert Laverne
Independent Director5yrsUS$78.89k0.97%
$ 1.7m
James Camp
Independent Director5yrsUS$72.14k0.97%
$ 1.8m
David Spatz
Independent Director5yrsUS$84.79k0.45%
$ 807.4k
Malcolm Hotchkiss
Independent Director3.75yrsUS$80.03k0.15%
$ 272.9k
Bhupen Amin
Directorno datano datano data
Harpreet Chaudhary
Independent Director4yrsUS$98.94k0.36%
$ 639.7k
Pramod Patel
Director of BC Bank9.25yrsno datano data
Jon Davis
Independent Director3.75yrsUS$27.35k0.039%
$ 70.3k
Syvia Magid
Independent Director1.08yrsno data0.020%
$ 36.1k

4.0yrs

Average Tenure

66yo

Average Age

Experienced Board: BCML's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BayCom Corp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BayCom Corp
  • Ticker: BCML
  • Exchange: NasdaqGS
  • Founded: 2004
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$179.778m
  • Shares outstanding: 11.63m
  • Website: https://www.unitedbusinessbank.com

Number of Employees


Location

  • BayCom Corp
  • 500 Ygnacio Valley Road
  • Suite 200
  • Walnut Creek
  • California
  • 94596
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCMLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2004
B2JDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2004

Biography

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 23:03
End of Day Share Price2021/01/19 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.