BayCom (NASDAQ:BCML) Releases Earnings Results, Beats Expectations By $0.04 EPS

BayCom (NASDAQ:BCML) released its quarterly earnings results on Thursday. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 Price Performance

Shares of BCML traded up $0.14 during trading hours on Thursday, reaching $26.85. 29,493 shares of the company traded hands, compared to its average volume of 30,548. The stock has a fifty day simple moving average of $27.47 and a 200 day simple moving average of $24.79. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The stock has a market capitalization of $298.57 million, a PE ratio of 12.79 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22.

BayCom Increases Dividend

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

Analyst Ratings Changes

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

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.