BayCom (BCML) Expected to Announce Earnings on Thursday

BayCom (NASDAQ:BCML) is anticipated to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect BayCom to post earnings of $0.51 per share and revenue of $23,670.00 billion for the quarter.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, October 17th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. The firm had revenue of $25.61 million for the quarter, compared to the consensus estimate of $23.70 million. BayCom had a net margin of 17.22% and a return on equity of 7.56%. On average, analysts expect BayCom to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BayCom Stock Performance

Shares of NASDAQ:BCML opened at $26.79 on Thursday. The firm has a 50 day moving average of $27.52 and a 200 day moving average of $24.54. 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 company has a market capitalization of $297.93 million, a price-to-earnings ratio of 12.76 and a beta of 0.80. BayCom has a 52 week low of $18.54 and a 52 week high of $30.13.

BayCom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were paid a dividend of $0.15 per share. This is a boost from BayCom’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Thursday, December 12th. BayCom’s dividend payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group boosted their target price on shares of BayCom from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, October 18th.

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.