BayCom (NASDAQ:BCML) Announces Earnings Results, Beats Estimates 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, 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 Up 2.2 %

Shares of NASDAQ BCML opened at $27.43 on Friday. The business has a 50-day moving average of $27.47 and a 200-day moving average of $24.86. The firm has a market capitalization of $305.02 million, a price-to-earnings ratio of 13.06 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom has a 12 month low of $18.54 and a 12 month high of $30.13.

BayCom Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. This is a boost from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

Separately, Hovde Group boosted their price objective on BayCom from $26.00 to $28.00 and gave the company an “outperform” rating in a research note 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.