Market Cap
US$150.1m
Last Updated
2020/07/03 00:17 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.6%
BCML
-4.6%
US Banks
1.6%
US Market
1 Year Return
-46.9%
BCML
-27.8%
US Banks
4.8%
US Market
Return vs Industry: BCML underperformed the US Banks industry which returned -27.6% over the past year.
Return vs Market: BCML underperformed the US Market which returned 4.3% over the past year.
Shareholder returns
| BCML | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.6% | -4.6% | 1.6% |
| 30 Day | -5.8% | -5.4% | 2.3% |
| 90 Day | 11.8% | 15.3% | 29.5% |
| 1 Year | -46.9%-46.9% | -25.2%-27.8% | 7.1%4.8% |
| 3 Year | -27.6%-27.6% | -17.8%-24.4% | 37.1%28.1% |
| 5 Year | 7.4%7.4% | 10.0%-3.3% | 67.2%48.6% |
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
3 weeks ago | Simply Wall St
Do Institutions Own BayCom Corp (NASDAQ:BCML) Shares?3 weeks ago | Simply Wall St
The Independent Chairman of the Board of BayCom Corp (NASDAQ:BCML), Lloyd Kendall, Just Bought 14% More Shares1 month ago | Simply Wall St
Did Changing Sentiment Drive BayCom's (NASDAQ:BCML) Share Price Down By 46%?Valuation
Is BayCom undervalued compared to its fair value and its price relative to the market?
47.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BCML ($12.62) is trading below our estimate of fair value ($22.38)
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 (10.1x) compared to the Banks industry average (9.5x).
PE vs Market: BCML is good value based on its PE Ratio (10.1x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: BCML is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: BCML is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is BayCom forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
19.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BCML's forecast earnings growth (21.3% per year) is above the savings rate (2.2%).
Earnings vs Market: BCML's earnings (21.3% per year) are forecast to grow slower than the US market (22.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BCML's revenue (1.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: BCML's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BCML's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has BayCom performed over the past 5 years?
20.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BCML has a large one-off loss of $9.6M impacting its March 31 2020 financial results.
Growing Profit Margin: BCML's current net profit margins (19.1%) are lower than last year (25.9%).
Past Earnings Growth Analysis
Earnings Trend: BCML's earnings have grown significantly by 20.9% 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 (-1%) over the past year, making it difficult to compare to the Banks industry average (1.9%).
Return on Equity
High ROE: BCML's Return on Equity (6%) 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 (8.6x) is low.
Allowance for Bad Loans: BCML has a sufficient allowance for bad loans (105%).
Low Risk Liabilities: 93% 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 (75%).
Low Risk Deposits: BCML's Loans to Deposits ratio (91%) is appropriate.
Level of Bad Loans: BCML has an appropriate level of bad loans (0.5%).
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?
3.5yrs
Average management tenure
CEO
George Guarini (66yo)
3.5yrs
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 ($USD1.34M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$2.00m | 1.37% $2.1m | |
| Senior EVP | 3.5yrs | US$874.37k | 0.50% $750.1k | |
| Senior EVP & COO | 3.5yrs | US$877.44k | 0.54% $812.1k | |
| Executive VP & Director of Labor Service Division of United Business Bank | 3.25yrs | no data | 0.026% $39.3k | |
| Executive VP & Chief Credit Officer of United Business Bank | 5.08yrs | no data | 0.027% $40.5k | |
| Executive VP & Chief Marketing Officer of United Business Bank | 4.33yrs | no data | 0.021% $31.0k | |
| Executive VP & Chief Risk Officer of United Business Bank | 6.83yrs | no data | 0.028% $42.1k | |
| Executive VP & Chief Lending Officer of United Business Bank | 1.5yrs | no data | 0.012% $17.6k |
3.5yrs
Average Tenure
58.5yo
Average Age
Experienced Management: BCML's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$2.00m | 1.37% $2.1m | |
| Independent Chairman of the Board | 3.5yrs | US$110.99k | 0.69% $1.0m | |
| Independent Director | 4.5yrs | US$78.89k | 0.91% $1.4m | |
| Independent Director | 4.5yrs | US$72.14k | 0.92% $1.4m | |
| Independent Director | 4.5yrs | US$84.79k | 0.41% $619.2k | |
| Independent Director | 3.25yrs | US$80.03k | 0.13% $190.1k | |
| Director | no data | no data | no data | |
| Independent Director | 3.5yrs | US$98.94k | 0.32% $484.5k | |
| Independent Director | 3.25yrs | US$27.35k | 0.033% $49.2k | |
| Independent Director | 0.58yr | no data | no data |
3.5yrs
Average Tenure
67yo
Average Age
Experienced Board: BCML's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BCML 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$150.129m
- Shares outstanding: 12.10m
- Website: https://www.unitedbusinessbank.com
Number of Employees
Location
- BayCom Corp
- 500 Ygnacio Valley Road
- Suite 200
- Walnut Creek
- California
- 94596
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BCML | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Aug 2004 |
| B2J | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 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 market, and time deposit accounts. It also provides commercial and multi-family 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, account reconciliation, and escrow services, as well as facilitates tax-deferred commercial exchanges and provides zero balance accounts and sweep accounts including loan sweep. It operates through a network of 22 full service branches in San Francisco Bay Area, California; 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 founded in 2004 and is headquartered in Walnut Creek, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/03 00:17 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.