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

BayCom Corp (NASDAQ:BCML) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Shareholders 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 yield of 2.42%. The ex-dividend date of this dividend is Thursday, March 13th.

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 5.3 %

NASDAQ:BCML opened at $24.78 on Tuesday. The firm’s fifty day moving average is $27.20 and its 200-day moving average is $26.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. BayCom has a 52 week low of $18.54 and a 52 week high of $30.13. The firm has a market cap of $275.58 million, a P/E ratio of 11.80 and a beta of 0.82.

BayCom (NASDAQ:BCML) last released its earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share (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%. Equities analysts expect that BayCom will post 2.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO George J. Guarini sold 27,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $27.50, for a total value of $742,500.00. Following the completion of the sale, the chief executive officer now owns 46,759 shares in the company, valued at $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 available at this hyperlink. Corporate insiders own 7.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group downgraded shares of BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price objective on the stock. in a 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.