BayCom (NASDAQ:BCML) Releases Earnings Results, Beats Expectations By $0.02 EPS

BayCom (NASDAQ:BCML) issued its earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, Yahoo Finance reports. The company had revenue of $33.89 million for the quarter, compared to analysts’ expectations of $23.80 million. BayCom had a net margin of 19.27% and a return on equity of 8.41%.

BayCom Stock Performance

BayCom stock traded up $0.45 during trading hours on Friday, hitting $23.48. The company had a trading volume of 1,984 shares, compared to its average volume of 23,247. The firm has a market cap of $264.15 million, a PE ratio of 10.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.05. BayCom has a one year low of $17.96 and a one year high of $24.31. The firm has a 50-day moving average of $20.14 and a 200 day moving average of $20.36.

BayCom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th were issued a $0.10 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.40 annualized dividend and a yield of 1.70%. BayCom’s dividend payout ratio is currently 18.10%.

Analyst Upgrades and Downgrades

Separately, Hovde Group started coverage on shares of BayCom in a report on Friday, July 12th. They issued an “outperform” rating and a $24.00 target price on the stock.

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.