BayCom (BCML) Projected to Post Quarterly Earnings on Thursday

BayCom (NASDAQ:BCML) is projected to announce its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $24.07 million for the quarter.

BayCom (NASDAQ:BCML) last announced 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%. On average, analysts expect BayCom to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BayCom Stock Up 6.5 %

BCML stock opened at $25.82 on Thursday. The firm has a market cap of $287.38 million, a PE ratio of 12.30 and a beta of 0.50. BayCom has a 1 year low of $18.54 and a 1 year high of $30.13. The company has a fifty day simple moving average of $26.43 and a 200 day simple moving average of $26.38. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22.

BayCom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. BayCom’s dividend payout ratio is currently 28.57%.

Insider Activity

In related news, CEO George J. Guarini sold 27,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $27.50, for a total transaction of $742,500.00. Following the completion of the transaction, the chief executive officer now owns 46,759 shares of the company’s stock, valued at approximately $1,285,872.50. The trade was a 36.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.20% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group lowered 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.