BayCom Corp (NASDAQ:BCML – Get Free Report) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 1.73%. 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. 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 Price Performance
BCML stock opened at $23.15 on Friday. 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 1 year low of $18.54 and a 1 year high of $25.04. The firm has a 50-day moving average of $21.50 and a 200 day moving average of $20.52. The company has a market cap of $260.39 million, a P/E ratio of 10.48 and a beta of 0.77.
Wall Street Analysts Forecast Growth
Separately, Hovde Group started coverage on BayCom in a research report on Friday, July 12th. They set an “outperform” rating and a $24.00 price objective for the company.
Get Our Latest Analysis on BayCom
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.
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