Core Viewpoint - Bay Commercial Bank (BCML) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on an upward trend in earnings estimates, which significantly influences stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates as a key driver of stock price movements, with a strong correlation established between earnings estimate revisions and near-term stock performance [4][6]. - Rising earnings estimates for Bay Commercial Bank suggest an improvement in the company's underlying business, which could lead to higher stock prices as investors respond positively to this trend [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - The upgrade of Bay Commercial Bank to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [9][10]. Earnings Estimate Revisions for Bay Commercial Bank - For the fiscal year ending December 2024, Bay Commercial Bank is expected to earn $2.06 per share, reflecting a year-over-year decline of -9.3%. However, the Zacks Consensus Estimate has increased by 1.2% over the past three months, indicating a positive trend in earnings expectations [8].

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting the utility of a "Recent Price Strength" screen to find stocks with strong fundamentals that can sustain upward momentum [1]. Group 1: Stock Performance - Bay Commercial Bank (BCML) has shown a solid price increase of 0.9% over the past 12 weeks, indicating investor confidence in its potential upside [2]. - The stock has maintained a price increase of 2.4% over the last four weeks, confirming that the upward trend is still intact [2]. - BCML is currently trading at 84.8% of its 52-week high-low range, suggesting it may be on the verge of a breakout [2]. Group 2: Fundamental Strength - BCML holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [3]. - The stock's Average Broker Recommendation is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that BCML is not the only stock that meets the criteria of the "Recent Price Strength" screen, encouraging investors to explore other stocks that fit this profile [4]. - It highlights the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify potential winning stocks [4].

Company Performance - Bay Commercial Bank reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, but down from $0.56 per share a year ago, representing an earnings surprise of 14.89% [1] - The bank's revenues for the quarter ended September 2024 were $25.61 million, surpassing the Zacks Consensus Estimate by 8.06%, but down from $26.46 million year-over-year [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and revenue estimates two times [1] Market Performance - Bay Commercial Bank shares have increased by approximately 3.9% since the beginning of the year, compared to the S&P 500's gain of 22.5% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $23.6 million, and for the current fiscal year, it is $1.95 on revenues of $94.9 million [4] - The estimate revisions trend for Bay Commercial Bank is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Banks - West industry, to which Bay Commercial Bank belongs, is currently in the bottom 35% of over 250 Zacks industries, suggesting potential challenges for stock performance [5] - Hanmi Financial, another bank in the same industry, is expected to report quarterly earnings of $0.49 per share, reflecting a year-over-year decline of 21%, with revenues anticipated to be $59.23 million, down 10.4% from the previous year [5][6]

Exhibit 99.1 Press Release BayCom Corp Reports 2024 Third Quarter Earnings of $6.0 Million WALNUT CREEK, CA, October 17, 2024--(Business Wire) BayCom Corp ("BayCom" or the "Company") (NASDAQ: BCML), the holding company for United Business Bank (the "Bank" or "UBB"), announced earnings of $6.0 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to earnings of $5.6 million, or $0.50 per diluted common share, for the second quarter of 2024 and $6.6 million, or $0.56 per diluted ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Investors in BayCom Corp (BCML) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $22.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38483 BAYCOM CORP | --- | --- | --- | |----------------------------------------------------------------|----------------- ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

Bay Commercial Bank (BCML) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.51, delivering a surprise of -8.93%.Over the last four quarters, the compa ...

Exhibit 99.1 Press Release BayCom Corp Reports 2024 Second Quarter Earnings of $5.6 Million WALNUT CREEK, CA, July 18, 2024--(Business Wire) BayCom Corp ("BayCom" or the "Company") (NASDAQ: BCML), the holding company for United Business Bank (the "Bank" or "UBB"), announced earnings of $5.6 million, or $0.50 per diluted common share, for the second quarter of 2024, compared to earnings of $5.9 million, or $0.51 per diluted common share, for the first quarter of 2024 and $7.2 million, or $0.59 per diluted co ...