BayCom (NASDAQ:BCML) Posts Earnings Results, Beats Expectations By $0.04 EPS

BayCom (NASDAQ:BCML) issued its earnings results on Thursday. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Price Performance

NASDAQ:BCML opened at $26.85 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50 day moving average price of $27.46 and a 200-day moving average price of $24.80. BayCom has a 1-year low of $18.54 and a 1-year high of $30.13. The firm has a market cap of $298.57 million, a price-to-earnings ratio of 12.79 and a beta of 0.80.

BayCom Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Hovde Group increased their price target on BayCom from $26.00 to $28.00 and gave the stock 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.