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

Posted by Samantha Reynolds on Jan 23rd, 2025

BayCom (NASDAQ:BCML – Get Free Report) 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.

Read Our Latest Report on BCML

About BayCom

(Get Free Report)

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.