BayCom Corp Plans Quarterly Dividend of $0.10 (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML) declared a quarterly dividend on Tuesday, August 20th, Zacks reports. Investors of record on Thursday, September 19th will be given a dividend of 0.10 per share on Thursday, October 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 19th.

BayCom has a payout ratio of 19.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BayCom to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 18.9%.

BayCom Trading Up 0.1 %

BayCom stock opened at $23.30 on Tuesday. The company has a 50 day moving average price of $22.41 and a 200 day moving average price of $20.80. BayCom has a 52 week low of $18.54 and a 52 week high of $25.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $260.03 million, a price-to-earnings ratio of 10.54 and a beta of 0.77.

BayCom (NASDAQ:BCML) last issued its earnings results on Thursday, July 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $33.89 million during the quarter, compared to analyst estimates of $23.80 million. BayCom had a net margin of 17.88% and a return on equity of 7.84%. Research analysts forecast that BayCom will post 2.04 EPS for the current year.

Analysts Set New Price Targets

Separately, Hovde Group started coverage on shares of BayCom in a research note on Friday, July 12th. They set an “outperform” rating and a $24.00 target price for the company.

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.