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

BayCom Corp (NASDAQ:BCML) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders 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 2.16%.

BayCom has a dividend payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 2.6 %

Shares of BCML opened at $27.80 on Friday. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. 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’s fifty day moving average is $27.34 and its 200 day moving average is $25.57. 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 posted its earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share for the quarter, topping 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%. Sell-side analysts expect that BayCom will post 2.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lowered BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price objective for the company. 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.