BayCom (NASDAQ:BCML) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

BayCom (NASDAQ:BCML) announced its earnings results on Thursday. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02, Yahoo Finance reports. The business had revenue of $33.89 million for the quarter, compared to analysts’ expectations of $23.80 million. BayCom had a return on equity of 7.87% and a net margin of 17.88%.

BayCom Price Performance

Shares of NASDAQ:BCML traded up $0.11 on Friday, hitting $23.14. The company’s stock had a trading volume of 14,741 shares, compared to its average volume of 26,924. The company has a 50-day simple moving average of $20.19 and a 200 day simple moving average of $20.36. BayCom has a 1 year low of $17.96 and a 1 year high of $24.31. The company has a market capitalization of $260.33 million, a PE ratio of 10.47 and a beta of 0.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05.

BayCom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th were paid a $0.10 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.40 annualized dividend and a yield of 1.73%. BayCom’s dividend payout ratio is currently 18.10%.

Wall Street Analyst Weigh In

Separately, Hovde Group began coverage on BayCom in a research report on Friday, July 12th. They set an “outperform” rating and a $24.00 target price on the stock.

About BayCom

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 provides demand, savings, money market, and time deposit accounts. It offers 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.