BayCom (NASDAQ:BCML) Posts 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, beating analysts’ consensus estimates of $0.51 by $0.04, Zacks reports. BayCom had a net margin of 17.22% and a return on equity of 7.56%.

BayCom Trading Up 0.5 %

Shares of BayCom stock traded up $0.14 during trading on Thursday, hitting $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 debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. BayCom has a 52 week low of $18.54 and a 52 week high of $30.13. The stock has a market cap of $298.57 million, a price-to-earnings ratio of 12.79 and a beta of 0.80. The stock has a 50-day moving average price of $27.47 and a two-hundred day moving average price of $24.79.

BayCom Increases Dividend

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

Analyst Ratings Changes

Separately, Hovde Group boosted 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.