BayCom (NASDAQ:BCML – Get Rating) released its earnings results on Thursday. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.13, MarketWatch Earnings reports. BayCom had a net margin of 22.28% and a return on equity of 8.06%.
Shares of BCML traded up $0.33 during trading hours on Friday, reaching $22.99. The company had a trading volume of 3,006 shares, compared to its average volume of 56,245. The firm has a 50 day simple moving average of $22.12 and a 200-day simple moving average of $20.31. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $314.62 million, a price-to-earnings ratio of 11.86 and a beta of 0.81. BayCom has a 12-month low of $16.47 and a 12-month high of $23.52.
The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, March 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%. BayCom’s dividend payout ratio is presently 10.47%.
Separately, Zacks Investment Research upgraded shares of BayCom from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, April 5th.
About BayCom (Get Rating)
BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides 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.
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