BayCom (NASDAQ:BCML) Posts Earnings Results, Misses Expectations By $0.01 EPS

BayCom (NASDAQ:BCML) posted its quarterly earnings data on Thursday. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01), Zacks reports. BayCom had a net margin of 17.10% and a return on equity of 7.45%.

BayCom Stock Performance

NASDAQ BCML traded up $0.07 during trading hours on Thursday, hitting $25.98. The company had a trading volume of 24,665 shares, compared to its average volume of 24,335. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The firm has a market cap of $289.16 million, a P/E ratio of 12.37 and a beta of 0.50. 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 business has a fifty day simple moving average of $26.11 and a 200-day simple moving average of $26.42.

BayCom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.31%. BayCom’s dividend payout ratio is currently 28.57%.

Analyst Ratings Changes

Separately, Hovde Group lowered BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a research report on Wednesday, February 12th.

Insider Buying and Selling

In related news, CEO George J. Guarini sold 27,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $27.50, for a total value of $742,500.00. Following the sale, the chief executive officer now directly owns 46,759 shares in the company, valued at $1,285,872.50. This trade represents a 36.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.20% of the company’s 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.