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

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 dividend on an annualized basis and a dividend yield of 2.16%.

BayCom has a dividend payout ratio of 24.2% indicating that 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 Performance

Shares of BCML traded down $0.75 during midday trading on Thursday, hitting $27.80. 12,959 shares of the stock traded hands, compared to its average volume of 24,738. The firm has a market capitalization of $309.16 million, a PE ratio of 13.24 and a beta of 0.81. The business’s 50 day moving average price is $27.36 and its two-hundred day moving average price is $25.55. BayCom has a 1-year low of $18.54 and a 1-year 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.

BayCom (NASDAQ:BCML) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. Equities research analysts predict that BayCom will post 2.48 EPS for the current fiscal year.

Analyst Ratings Changes

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