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

BayCom (NASDAQ:BCML) released its 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 Stock Performance

BCML traded up $0.14 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’s 50 day simple moving average is $27.47 and its 200-day simple moving average is $24.79. The firm has a market cap of $298.57 million, a P/E ratio of 12.79 and a beta of 0.80. BayCom has a 12 month low of $18.54 and a 12 month high of $30.13. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22.

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 issued a $0.15 dividend. The ex-dividend date was Thursday, December 12th. This is an increase from BayCom’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 2.23%. BayCom’s dividend payout ratio (DPR) is 28.57%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group increased their target price 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.

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.