BayCom (NASDAQ:BCML) Announces Earnings Results

BayCom (NASDAQ:BCML) issued its quarterly earnings data on Thursday. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04, Zacks reports. BayCom had a return on equity of 7.56% and a net margin of 17.22%.

BayCom Trading Up 0.5 %

BCML stock opened at $26.85 on Friday. BayCom has a 12-month low of $18.54 and a 12-month high of $30.13. The business’s 50-day moving average is $27.46 and its 200 day moving average is $24.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The stock has a market cap of $298.57 million, a price-to-earnings ratio of 12.79 and a beta of 0.80.

BayCom Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, December 12th. This is an increase from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio is 28.57%.

Analyst Ratings Changes

Separately, Hovde Group increased their target price on BayCom from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, October 18th.

BayCom Company Profile

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.