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

BayCom Corp (NASDAQ:BCML - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, RTT News reports. Investors of record on Thursday, March 13th will be given a dividend of 0.15 per share on Thursday, April 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, March 13th.

BayCom has a payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NASDAQ:BCML traded down $0.82 on Monday, hitting $26.83. The company had a trading volume of 13,584 shares, compared to its average volume of 24,294. The stock has a market cap of $298.38 million, a price-to-earnings ratio of 12.78 and a beta of 0.81. The stock has a 50 day moving average price of $27.27 and a 200 day moving average price of $25.71. BayCom has a 1-year low of $18.54 and a 1-year high of $30.13. 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 (NASDAQ:BCML - Get Free Report) last announced its quarterly 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 net margin of 17.10% and a return on equity of 7.45%. Analysts expect that BayCom will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Hovde Group cut shares of BayCom from an "outperform" rating to a "market perform" rating and set a $31.00 target price for the company. in a research report 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.