BayCom Corp (BCML) to Issue Quarterly Dividend of $0.15 on April 10th

BayCom Corp (NASDAQ:BCML) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders 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 dividend yield of 2.18%. The ex-dividend date is Thursday, March 13th.

BayCom has a payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Down 1.1 %

Shares of BayCom stock opened at $27.49 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $27.31 and a 200 day moving average price of $25.61. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The firm has a market cap of $305.69 million, a P/E ratio of 13.09 and a beta of 0.81.

BayCom (NASDAQ:BCML) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share 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, sell-side analysts forecast that BayCom will post 2.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.