BayCom (BCML) Projected to Announce Earnings on Thursday

BayCom (NASDAQ:BCML - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, April 17th. Analysts expect BayCom to post earnings of $0.52 per share and revenue of $24.07 million for the quarter.

BayCom (NASDAQ:BCML - Get Free Report) last announced its earnings results on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. BayCom had a return on equity of 7.45% and a net margin of 17.10%. On average, analysts expect BayCom to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BayCom Price Performance

Shares of NASDAQ:BCML traded up $0.63 on Tuesday, hitting $25.87. The company had a trading volume of 33,276 shares, compared to its average volume of 24,426. 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 52-week low of $18.54 and a 52-week high of $30.13. The business has a 50 day moving average of $26.17 and a 200 day moving average of $26.43. The company has a market cap of $287.93 million, a PE ratio of 12.32 and a beta of 0.50.

BayCom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, March 13th. BayCom's dividend payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

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

Insider Transactions at BayCom

In related news, CEO George J. Guarini sold 27,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $27.50, for a total transaction of $742,500.00. Following the completion of the transaction, the chief executive officer now owns 46,759 shares of the company's stock, valued at approximately $1,285,872.50. This represents a 36.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.20% of the company's stock.

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.