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

BayCom Corp (NASDAQ:BCML) announced a quarterly dividend on Thursday, February 20th, 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 2.18%. The ex-dividend date is Thursday, March 13th.

BayCom has a dividend 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 Trading Down 1.1 %

BayCom stock opened at $27.49 on Friday. BayCom has a 52-week low of $18.54 and a 52-week high of $30.13. 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 firm has a market capitalization of $305.69 million, a price-to-earnings ratio of 13.09 and a beta of 0.81. The firm has a 50-day moving average price of $27.31 and a two-hundred day moving average price of $25.61.

BayCom (NASDAQ:BCML) last released 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%. Sell-side analysts expect that BayCom will post 2.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Hovde Group cut BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price target 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.