BayCom Corp Announces Quarterly Dividend of $0.15 (NASDAQ:BCML)

BayCom Corp (NASDAQ:BCML) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.15 per share on Thursday, April 10th. This represents a $0.60 annualized dividend and a yield of 2.16%.

BayCom has a dividend payout ratio of 24.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BayCom to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.7%.

BayCom Price Performance

Shares of BCML opened at $27.80 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day moving average price of $27.34 and a 200-day moving average price of $25.57. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The stock has a market capitalization of $309.14 million, a PE ratio of 13.24 and a beta of 0.81.

BayCom (NASDAQ:BCML) last announced its earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. BayCom had a return on equity of 7.45% and a net margin of 17.10%. Equities analysts predict that BayCom will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Hovde Group lowered BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research note on Wednesday, February 12th.

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.