BayCom (NASDAQ:BCML) Announces Earnings Results, Beats Estimates By $0.04 EPS

BayCom (NASDAQ:BCML) released its earnings results on Thursday. The company reported $0.55 EPS for the quarter, topping 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 Stock Up 0.5 %

BCML traded up $0.14 on Thursday, reaching $26.85. The company’s stock had a trading volume of 29,493 shares, compared to its average volume of 30,548. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $27.47 and a two-hundred day moving average of $24.79. The company has a market capitalization of $298.57 million, a price-to-earnings ratio of 12.79 and a beta of 0.80. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $30.13.

BayCom Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Hovde Group increased their price objective on shares of 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.