BayCom Corp (NASDAQ:BCML) Announces $0.10 Quarterly Dividend

BayCom Corp (NASDAQ:BCML) announced a quarterly dividend on Tuesday, August 20th, Zacks reports. Stockholders of record on Thursday, September 19th will be given a dividend of 0.10 per share on Thursday, October 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 19th.

BayCom has a payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect BayCom to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 18.9%.

BayCom Price Performance

Shares of NASDAQ BCML opened at $23.45 on Wednesday. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $25.04. The company has a market cap of $263.77 million, a PE ratio of 10.61 and a beta of 0.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50-day simple moving average of $22.48 and a two-hundred day simple moving average of $20.82.

BayCom (NASDAQ:BCML) last released its earnings results on Thursday, July 18th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $33.89 million during the quarter, compared to analysts’ expectations of $23.80 million. BayCom had a net margin of 17.88% and a return on equity of 7.84%. As a group, equities analysts expect that BayCom will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Hovde Group assumed coverage on BayCom in a research note on Friday, July 12th. They set an “outperform” rating and a $24.00 price target on the stock.

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.